Did Bernie finally get caught lying for the cameras?

[Jim in CT]

Originally Posted by Nebe

Back to the original subject.

"Corporate giants such as telecom firm Verizon, drugmaker Bristol-Myers Squibb and power management firm Eaton, all reported effective tax rates of 0% during the past 12 months."

http://www.usatoday.com/story/money/...taxes/2480281/
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I don't know who wrote that or why. I went to the company website and looked at filed financial statements, here is the link, scroll down, effective tax rate for 2015 was 34.6%.

Your guy is full of crap here Nebe, even Bernie has backed off his statement that they pay no tax. He won't admit he was wrong of curse, but he stopped telling lies because someone told him he's wrong. Here is a link to the financials...

http://yahoo.brand.edgar-online.com/...av=1&src=Yahoo

[Nebe]

USA today is full of crap?
Posted from my iPhone/Mobile device

[Nebe]

http://m.huffpost.com/us/entry/corpo...63.htmlAnother
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[Jim in CT]

Originally Posted by Nebe

USA today is full of crap?
Posted from my iPhone/Mobile device

I don't know what's behind that story, neither do you. I do know that as a publicly traded company, Verizon is required to file independently audited financials with the SEC, and it's a serious felony to intentionally fabricate those documents. That documents that have been filed, show they paid a corporate tax rate of 35%. As far a I know, the SEC hasn't gone in there and arrested everybody. I have quite a bit of Verizon in my IRA (they pay a sweet dividend), I follow it a little bit. Spence would likely know more about this.

[Nebe]

Ok. They pay a rate of 35%.
How much did they actually pay? I think you are confusing the two things
Posted from my iPhone/Mobile device

[Nebe]

http://standuptoverizon.com/wp-conte...sFactSheet.pdf
Posted from my iPhone/Mobile device

[buckman]

Originally Posted by Nebe

Ok. They pay a rate of 35%.
How much did they actually pay? I think you are confusing the two things
Posted from my iPhone/Mobile device

I love the hypocrisy in this . I am sure you claim every bit of cash of
cash that goes through your hands . If the underground cash economy payed taxes on everything they made the debt would probably be erased .
Typical Bernie Supporter . Doesn't know the rules, doesn't obey the rules, but wants more rules 👍
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[spence]

Originally Posted by Nebe

http://standuptoverizon.com/wp-conte...sFactSheet.pdf
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Oooohhh a fact sheet put out by an anti-corporation organization, what couldn't be credible about that?

Remember there are a lot of techniques corporations can take advantage of to lower their tax burden. Have a terrible year? Spread your losses off over the next 5. Want to invest in Green Energy? Lobby Congress to give Federal tax incentives to offset your capital investments. Use domestic losses to lower your tax burden without factoring offshore profits.

I think the number of corporations who have really structured their business around tax avoidance is pretty small. For many, their low effective rates can be explained when you look at them over time.

[spence]

This should go over well in the City.

http://www.cnn.com/2016/04/16/politi...ics/index.html