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Old 02-25-2015, 05:57 PM
 
34,278 posts, read 19,356,421 times
Reputation: 17261

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This is whats wrong with our tax system....

http://www.nytimes.com/2015/02/25/bu.../dealbook&_r=1

Loopholes like these that are used by megacorporations are completely insane.
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Old 02-25-2015, 06:00 PM
 
Location: Stanford, CA
139 posts, read 250,558 times
Reputation: 339
They mitigated their success penalty. Good for them.
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Old 02-25-2015, 06:18 PM
 
34,278 posts, read 19,356,421 times
Reputation: 17261
Quote:
Originally Posted by no_more_handouts View Post
They mitigated their success penalty. Good for them.
You do know that in exchange we are paying the differential? Business's have gone from being 30% of tax revenue for the country to 10.

Yes good for them. Not as good for everyone else of course.

Heres one really shady part:
Quote:
The rest of Dish's winning bids - worth about $5.5 billion - were done under a partnership with John Muleta, the former chief of the F.C.C.'s wireless telecommunications bureau, and relied on similar loopholes. As a former government official, Mr. Muleta has no real revenue and so meets the test of being a "very small business."
Looks like being part of the FCC is pretty lucrative later on.....
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Old 02-25-2015, 06:55 PM
 
5,064 posts, read 5,725,848 times
Reputation: 4770
Not shocking. DISH was co-founded by a Dem whose been accused of actually bullying other company employees into forced campaign donations to the Dems.

Just another liberal led company trying to shirk their own tax payments while pushing taxes onto others.
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Old 02-25-2015, 07:02 PM
 
34,278 posts, read 19,356,421 times
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Quote:
Originally Posted by brentwoodgirl View Post
Not shocking. DISH was co-founded by a Dem whose been accused of actually bullying other company employees into forced campaign donations to the Dems.

Just another liberal led company trying to shirk their own tax payments while pushing taxes onto others.
LOL.

You think this is a Democrat or Republican issue? You really need to start thinking about things like this instead of trying to assign a side to them. Thats crazy.
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Old 02-25-2015, 07:06 PM
 
3,617 posts, read 3,881,272 times
Reputation: 2295
Yes, this is more than a little silly. Hard to do anything about though because the benefit is so concentrated and the harm so diffuse, and of course because the parties at the moment wouldn't be able to agree on how to do it (Republicans would want it to be revenue neutral at the least, Democrats would want a net tax hike, end result is nothing happens).
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Old 02-25-2015, 07:08 PM
 
34,278 posts, read 19,356,421 times
Reputation: 17261
Quote:
Originally Posted by ALackOfCreativity View Post
Yes, this is more than a little silly. Hard to do anything about though because the benefit is so concentrated and the harm so diffuse, and of course because the parties at the moment wouldn't be able to agree on how to do it (Republicans would want it to be revenue neutral at the least, Democrats would want a net tax hike, end result is nothing happens).
Maybe limit the benefit to 18 million? I dont think it would be that hard.....but you're right, DISH would spend a billion fighting it.

I love my democracy, Im worried that money is corrupting it too far.
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Old 02-25-2015, 07:13 PM
 
45,201 posts, read 26,414,151 times
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Loopholes are good. We have too much government.
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Old 02-25-2015, 07:13 PM
 
3,617 posts, read 3,881,272 times
Reputation: 2295
Quote:
Originally Posted by greywar View Post
Maybe limit the benefit to 18 million? I dont think it would be that hard.....but you're right, DISH would spend a billion fighting it.

I love my democracy, Im worried that money is corrupting it too far.
I don't think the level of lobbying or the influence of money on politics is anything new though. Corruption (pseudo or explicit), patronage, the revolving door, this stuff is decades old, centuries in some cases.

As long as the system is complex enough to hide breaks for your friends, family, or self congressmen will. The real answer to the problem would be to have a simple, streamlined system but part of why we don't and won't have such a system is precisely that it doesn't have room for self-dealing.
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Old 02-25-2015, 07:14 PM
 
34,278 posts, read 19,356,421 times
Reputation: 17261
Quote:
Originally Posted by Frank DeForrest View Post
Loopholes are good. We have too much government.
Ahhh so you like paying their share? Good for you!
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