American Welfare Statistics
- Thread starter Locutus
- Start date
I know you democrats hate talking about Solandra.Yup. Include corporate welfare in the stats shown in the OP and the racial makeup of the welfare recipients will change instantly. Too bad that is not politically correct in this forum or in other right wing circles.
Absolutely... he feels that when the government gives people a break on taxes that those people are now receiving a hand out equal to welfare. That's F*ing retarded but that is what they think.
Being able to KEEP money that they earned is an entitlement bestowed upon them by a gracious and merciful ruler.
You are absolutely right. 100%.
And they do vote. Strong state unions... massive pensions and nepotism....lots of colleges...lots of wealth segregation (which keeps undesirables and minorities out of white liberal areas)... lots and lots of state programs and money....
It is a gravy train here.
Can I immigrate I am sick of work .Maybe you can put a good word for me with the governor .
Do I get free tickets to the Pats game, If so I will leave right after the snow stops.
The massive influx of immigrants will save America, from people like you, for the debt holders. They will also work for very reasonable wages to round y'all up and fill the FEMA rescue emergency reeducation camps/centers/hospitals/barracks. And none of them will balk at shooting real citizens. It looks to me that rather than welfare it's the assembly of a mercenary army right in hometown America. Farewell.
No but you should have plenty of cash if you work under the table doing anything.
I don't have debt. Just a small mortgage. Buying on credit was never my thing.
Why do I bother.
And be rid of the Republican created income tax as some of you right wingers previously noted.
Fukking retarded are the azzholes who insist on having an income tax with its corporate welfare in the first place. And it was your party under Nelson Aldrich that created it as we discussed here previously.
And we all know how you Republicans love corporate welfare and hate to admit to war profiteering.
And we all know how you Democrats love corporate welfare and hate to admit green energy fraud .And be rid of the Republican created income tax as some of you right wingers previously noted.
Fukking retarded are the azzholes who insist on having an income tax with its corporate welfare in the first place. And it was your party under Nelson Aldrich that created it as we discussed here previously.
And we all know how you Republicans love corporate welfare and hate to admit to war profiteering.
Corporate Welfare is technically called a 'subsidy'............
The Top 10
Bank of America runs its business through more than 300 offshore tax-haven subsidiaries. It reported $17.2 billion in accumulated offshore profits in 2012. It would owe $4.3 billion in US taxes if these funds were brought back to the US.
Citigroup had $42.6 billion in foreign profits parked offshore in 2012 on which it paid no US taxes. It reported that it would owe $11.5 billion if it brings these funds back to the US. A significant chunk is being held in tax-haven countries.
ExxonMobil had a three-year federal income tax rate of just 15 percent. This gave the company a tax subsidy worth $6.2 billion from 2010-2012. It had $43 billion in offshore profits at the end of 2012, on which it paid no US taxes.
FedEx made $6 billion over the last three years and didn’t pay a dime in federal income taxes, in part because the tax code subsidized its purchase of new planes. This gave FedEx a huge tax subsidy worth $2.1 billion.
General Electric received a tax subsidy of nearly $29 billion over the last 11 years. While dodging paying its fair share of federal income taxes, GE pocketed $21.8 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
Honeywell had profits of $5 billion from 2009 to 2012. Yet it paid only $50 million in federal income taxes for the period. Its tax rate was just 1 percent over the last four years. This gave it a huge tax subsidy worth $1.7 billion.
Merck had profits of $13.6 billion and paid $2.5 billion in federal income taxes from 2009 to 2012. While dodging its fair share of federal income taxes, it pocketed $8.7 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
Microsoft saved $4.5 billion in federal income taxes from 2009 to 2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico. It had $60.8 billion in profits stashed offshore in 2012 on which it paid no US taxes.
Pfizer paid no US income taxes from 2010 to 2012 while earning $43 billion worldwide. It did this in part by performing accounting acrobatics to shift its US profits offshore. It received $2.2 billion in federal tax refunds.
Verizon made $19.3 billion in US pretax profits from 2008 to 2012, yet didn’t pay any federal income taxes during the period. Instead, it got $535 million in tax rebates. Verizon’s effective federal income tax rate was negative 2.8 percent from 2008 to 2012.
http://billmoyers.com/2014/05/29/10-companies-that-dodge-corporate-taxes/
The Top 10
Bank of America runs its business through more than 300 offshore tax-haven subsidiaries. It reported $17.2 billion in accumulated offshore profits in 2012. It would owe $4.3 billion in US taxes if these funds were brought back to the US.
Citigroup had $42.6 billion in foreign profits parked offshore in 2012 on which it paid no US taxes. It reported that it would owe $11.5 billion if it brings these funds back to the US. A significant chunk is being held in tax-haven countries.
ExxonMobil had a three-year federal income tax rate of just 15 percent. This gave the company a tax subsidy worth $6.2 billion from 2010-2012. It had $43 billion in offshore profits at the end of 2012, on which it paid no US taxes.
FedEx made $6 billion over the last three years and didn’t pay a dime in federal income taxes, in part because the tax code subsidized its purchase of new planes. This gave FedEx a huge tax subsidy worth $2.1 billion.
General Electric received a tax subsidy of nearly $29 billion over the last 11 years. While dodging paying its fair share of federal income taxes, GE pocketed $21.8 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
Honeywell had profits of $5 billion from 2009 to 2012. Yet it paid only $50 million in federal income taxes for the period. Its tax rate was just 1 percent over the last four years. This gave it a huge tax subsidy worth $1.7 billion.
Merck had profits of $13.6 billion and paid $2.5 billion in federal income taxes from 2009 to 2012. While dodging its fair share of federal income taxes, it pocketed $8.7 billion in taxpayer-funded contracts from Uncle Sam between 2006 and 2012.
Microsoft saved $4.5 billion in federal income taxes from 2009 to 2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico. It had $60.8 billion in profits stashed offshore in 2012 on which it paid no US taxes.
Pfizer paid no US income taxes from 2010 to 2012 while earning $43 billion worldwide. It did this in part by performing accounting acrobatics to shift its US profits offshore. It received $2.2 billion in federal tax refunds.
Verizon made $19.3 billion in US pretax profits from 2008 to 2012, yet didn’t pay any federal income taxes during the period. Instead, it got $535 million in tax rebates. Verizon’s effective federal income tax rate was negative 2.8 percent from 2008 to 2012.
http://billmoyers.com/2014/05/29/10-companies-that-dodge-corporate-taxes/
No... Technically it's called earning the money, and then leaving that money in the nation where it was generated
All the companies that were listed in this laughable article already pay huge taxes to the IRS from their operations and revenues generated in the USA.
What they earn in a foreign nation by virtue of a (wholly owned) subsidiary in that nation pays tax there and if the cash stays there, no reason that they would want to voluntarily pay taxes a second time.
here's a different thought path.......
Israel Is the United States’ Biggest Welfare Recipient
Who signed up Americans for a 10-year, $30 billion tax-payer commitment for Israeli welfare and military aid?
Americans are dealing with their own economic issues; budget cuts in the public sector, unemployment, high taxes, and low wages are hitting home the hardest. However, what most Americans don’t realize is that this economic instability and decline in quality of life could be demonstrably improved by cutting U.S. foreign aid to the greatest welfare recipient and benefactor of American taxpayers—Israel. Americans should be asking, ‘Who signed me up?
Why are we paying for Israeli civil welfare, when we can’t even take care of our own citizens? Consider the facts: Israel’s unemployment rate (4.9 percent) is lower than the US unemployment rate (6.1 percent), in addition to the fact that the standard of living in Israel is high and is constantly improving—Israel ranks 16th among 187 world nations on the U.N.’s Human Development Index, which places it in the category of “Very Highly Developed”—not to mention they are among the highest life expectancy’s in the world. Israeli men have the fourth-highest life expectancy of any nation, according to recently released statistics from the World Health Organization.
So, why does the U.S. give billions of taxpayers’ dollars to Israel? Do they really need it? According to Moshe Arens, a former foreign minister, defense minister and ambassador to Washington, “The partnership between the two countries results from pressure by the pro-Israeli lobby in Washington.” Empirical evidence collected from dozens of statistical consensus reports shows that not only does Israel not need U.S. aid, but they have a stronger economy than 162 nations in the world. Israel’s thriving economy is ranked 25th of 187 in income per capita, yet is the United States’ biggest welfare recipient.
– Israel Is the United States’ Biggest Welfare Recipient
Israel Is the United States’ Biggest Welfare Recipient
Who signed up Americans for a 10-year, $30 billion tax-payer commitment for Israeli welfare and military aid?
Americans are dealing with their own economic issues; budget cuts in the public sector, unemployment, high taxes, and low wages are hitting home the hardest. However, what most Americans don’t realize is that this economic instability and decline in quality of life could be demonstrably improved by cutting U.S. foreign aid to the greatest welfare recipient and benefactor of American taxpayers—Israel. Americans should be asking, ‘Who signed me up?
Why are we paying for Israeli civil welfare, when we can’t even take care of our own citizens? Consider the facts: Israel’s unemployment rate (4.9 percent) is lower than the US unemployment rate (6.1 percent), in addition to the fact that the standard of living in Israel is high and is constantly improving—Israel ranks 16th among 187 world nations on the U.N.’s Human Development Index, which places it in the category of “Very Highly Developed”—not to mention they are among the highest life expectancy’s in the world. Israeli men have the fourth-highest life expectancy of any nation, according to recently released statistics from the World Health Organization.
So, why does the U.S. give billions of taxpayers’ dollars to Israel? Do they really need it? According to Moshe Arens, a former foreign minister, defense minister and ambassador to Washington, “The partnership between the two countries results from pressure by the pro-Israeli lobby in Washington.” Empirical evidence collected from dozens of statistical consensus reports shows that not only does Israel not need U.S. aid, but they have a stronger economy than 162 nations in the world. Israel’s thriving economy is ranked 25th of 187 in income per capita, yet is the United States’ biggest welfare recipient.
– Israel Is the United States’ Biggest Welfare Recipient
