progressive hunter
Diamond Member
- Dec 11, 2018
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so far its not a myth and you refuse to provide the proof it is as per your earlier comment,,,
Remember when GE paid no taxes under their messiah?
- Thread starter Theowl32
- Start date
so far its not a myth and you refuse to provide the proof it is as per your earlier comment,,,
Andylusion
Platinum Member
Wait what?
I just posted you the SEC financial documents of the company, saying they paid 30% in taxes last year.
What more than that are you looking for?
progressive hunter
Diamond Member
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from what I see the article has nothing specific about what GE paid,, in fact I dont even see them mentioned,,
Andylusion
Platinum Member
Whoa ok... You must have missed my post #215. I didn't post an article, although it does say they paid taxes in that article. But, what I posted was GE's actual SEC filings from their investor relations page.
Here's the text again....
However if you really want to get the information straight from the actual source.....
https://www.ge.com/investor-relations/sites/default/files/ge_webcast_10Q_07312019.pdf
Just go to the GE investor relations page. This is what drives me crazy about all these Left-wingers spewing out myths. These are publicly traded companies. You can look up their SEC reports. They have to file them, and if they were false, the SEC would destroy their companies.
There's another nut job on here that keeps saying Walmart pays no tax. I'm a Walmart shareholder. I can read their investor relations reports, and see that they do, and post here that they do. But it doesn't stop these nut jobs from pretending we can't look it up and see they pay tax.
Go to page 60 of the full SEC report.
Our consolidated effective income tax rate was 7.4% and 30.0% during the six months ended June 30, 2019 and 2018, respectively. The rate for 2019 is lower than the U.S. statutory rate primarily due to favorable audit resolutions and U.S. business credits, partially offset by the cost of global activities, including the recently enacted base erosion and global intangible low tax income provisions and from a largely non-deductible goodwill impairment charge associated with our Grid Solutions equipment and services business within our Renewable Energy segment.
One thing I love about this, is that GE openly says they are using the renewable energy tax subsidies to offset their income taxes. What a shock. So these left-wingers screaming about the Green New Deal, and then screaming about companies paying no taxes... and its these companies using their own stupid green energy programs, to avoid paying taxes.
Anyway... regardless of that irony.... the effective tax rate that GE paid in 2018 was 30%. And the effective tax rate in the first 6 months of 2019 was 7.4%.
Either way, it was not, and nor ever has been.... zero. I promise you. No company in the US that posts a dollar of profit, is avoiding paying the tax man. In 20 years of looking, I know of no possible way that you can post a profit, and not pay tax. Every profitable company pays some amount of tax. You can minimize it, but there is no magic deduction the reduces your tax to zero.
Daryl Hunt
Your Worst Nightmare
- Banned
- #225
From your own post.
Our consolidated effective income tax rate was 7.4% and 30.0% during the six months ended June 30, 2019 and 2018, respectively. The rate for 2019 is lower than the U.S. statutory rate primarily due to favorable audit resolutions and U.S. business credits, partially offset by the cost of global activities, including the recently enacted base erosion and global intangible low tax income provisions and from a largely non-deductible goodwill impairment charge associated with our Grid Solutions equipment and services business within our Renewable Energy segment.
That's double talk for "We've used every loophole we can find to pay less than we should pay". And I learned a long time ago not to take anything Walmart says at face value to anyone including stock owners. I just got back from Walmart a few minutes ago. AT 3am, it's the only store open selling Prilosec. I noticed the lack of night stockers. I talked to one of the old hands and asked him about it. He said they hire but the people don't stick around. Reason? They will work you into the ground because of shortage of people. There are easier jobs that pay just as much and have more favorable working hours. There is a whole long list of reasons they don't stick around and being lazy isn't one of them. I know them all but the list is too long to go into at this time. And I happen to be a Stock Owner as well but you and I don't own enough to have any say in anything. Walmart isn't there to even bother looking after the well being of a worker. They are there for the large stock owners. And everything they do is to make them money. Just because you and I make a few pennies on the dollar as well doesn't really mean a whole lot. AFter spending a whole bunch of years working for Walmart, I know it from both sides of the fence and I know that they lie out their asses and cheat the workers at every step of the way.
/—-/ Give the libtards a day or two and they will be back like a broken record: “GE and Wal-Mart paid zero taxes.”
I make $350 every day of the year
I’m still seeing her. I’m going to Florida August 31 till September 4 and she gonna watch my dog./----/ Doesn't seem fair that the Obozo's just dropped $15 million on a house in Martha's Vinyard while the average dem voter easts cat food and lives in a tent.
Let me ask you a serious question.
In 2015, the six Waltons on the Forbes 400 list were worth $136.1 billion, making them the richest family in the United States. They have more wealth than 43% of American families combined. Their net worth is nearly equal to the combined wealth of Bill Gates and Warren Buffett.
How far down your throat can you take a Walton dick?
It seems like you are the one obsessed with the Walton's dicks.
BTW, is your girlfriend still ******* stupid or did you and her break up?
Last time I f’d her was Monday and I’m sure I’ll make sweet love to her once before I go and once when I get back.
This weekend my Greek buddies and I went to a Greek festival and they were introducing me to divorced or never been married women my age. No thank you. Unless their rich. If they are rich that might make a 6 into a 8.
But my girls body is near perfect. Sure she’s not 25 like when I met her. Her thighs are getting a bit ticker and flabbier but that happens to women. She’s 27 now.
The difference is I want to put every inch of my girl in my mouth. Her feet are perfect. These women my age, I wouldn’t put their feet in my mouth. Eww.
And these fat old Greek single bitches are rude. I showed my good looking buddy the girl who shot me down and he went up and introduced himself and confirmed she’s a b
Andylusion
Platinum Member
Couple of things there.
First, the quote above, is about GE. If you look at the link I gave you, that quote I posted is from the GE website.
Second, I have no doubt that some or most of what you said about Walmart is true.
What I think you need to consider is that not all Walmarts stores operate exactly the same way. It is entirely possible to have two locations operate very differently from each other.
My own company had this problem. They have a facility in the north, and the facility in the city. The North location has people who have worked there for 5 to 10 years. Because the management was really good, and people liked working there.
However the location in the city, the company hired a tyrant bastard, who treated people like crap. Few example: At the North location you had flexible work time. At the city location, the manager wanted everyone to march in, right at the exact minute and clock in, and clock out, exactly on the minute you were expected to. Clocking in early, or out late, or in late, or out early, everything would get you a written warning. And by 'late' I mean 8:01 was considered late, and you would get a warning.
Not only did he want to run the place, like a military boot camp, but he also had insane rules. He removed all the chairs from the office cubicles (where inventory control people worked), and I actually saw women on their knees, at their desks, to do their work. And I could go on about the rules against laughing... don't make jokes (he wanted people to work like robots, without talking with each other)... trying to time people in the bathrooms. You didn't have sick time. He would tell people that were practically unable to work with a flu, or a cold, that they could not use sick time until they had worked there 6 months.... which was most of the staff because of the high turn over rate.
The crazy that happened under this guy was insane. However, none of this was a problem for the north location. The managers were all cool, and they would even help you find another job if you wanted to leave. Had a manager contact another company, and personally give a recommendation for an employee that was moving too far away to work there anymore. I actually came into work a tad bit under the weather, and my manager got mad at me, and told me to go home and get well.
My point is that the situation at one store, does not mean that it is the same at another store, or all stores. The difference between the city location and the north location was barely 10 miles, and yet black and white in how they operated.
So I can entirely believe that the Walmart you visited was operated terribly, while still believing that not all Walmart locations are operated that way. As I have said in another post, I knew a girl that worked at Walmart, and she loved it. It was one of the highest paid low-skill jobs in her area, she made a ton of money off the Walmart Employee Stock purchase program, and she got tuition reimbursement, which allowed her to go to school for civil engineering, and got her degree.
The nice thing about the free-market system, is that businesses that operate badly, tend to suffer until they are changed. As you yourself said, they were constantly short handed, which means they were likely starting to raise their wages to attract workers. This is what happened at our city location. Because the turn over was so high, from this abusive manager, they were offering $2 or $3 more per hour to work there, than at the north location. Eventually management started seeing the massive difference in wages from one location to the other, and started investigating. When they found out how badly employees were treated, causing the non-stop turn over... they fired the manager. Things are better today, than they were before.
At some point, a free-market system will correct itself. Or, the wages offered by that Walmart will get so high, that people keep working there. Either the conditions will improve, or the wages will go up, but at some point, the situation will get better, or the store will close from non-stop bad service.
Walmart isn't there to even bother looking after the well being of a worker.
No company is. Not a single company of any size, exists specifically for the well being of their workers, and nor should it.
Look, let's say that I start mowing lawns. I buy a mower, and start mowing people's yards for money. Assuming I work hard, and do a good job, eventually I'll have more people requesting to have their yards mowed, than I as a single person, can do.
I will then look for an employee, to help me mow the yards. Am I hiring that employee to "Look after their well being"? No. Why would I do that? There is only one single reason I hire anyone to do anything. There is work to do.... and I willing to pay someone to do it.
When you go to the garage to have that mechanic change the oil in your car, are you there because you care about their well being? No, you are there because you need some work done, and you are willing to pay someone to do it.
Why would you expect companies to operate in a way, that you personally do not operate?
That's double talk for "We've used every loophole we can find to pay less than we should pay".
Same thing as above. Of course they use every legal method to reduce their tax burden. Of course. You know who else does that? You, me, everyone.
If they instituted a law, that you could deduct the cost of internet service, if you are engaging in public discussions of policy on a forum......... would you take it? Yes. You would. I would. We all would. Any deduction you can take, to reduce your taxes, I know... you take it. Because we all would take it.
Again..... why would you expect companies to operate in a way, that you personally do not operate?
GE is operating the same way that any other person would operate. All companies try and minimize their taxes, just like all of us minimize our taxes.
Fueri
Platinum Member
- Nov 16, 2015
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I remember when Obama made Jeff immelt, head of GE at the time his Jobs Czar.
LOL.
The head of one of the largest job exporters on the planet was our jobs czar.
You cannot make this shit up. People forget how utterly clueless that guy was when he took office. I don't. I remember seeing that and laughing until my balls literally detached from my body and rolled under my desk...
Jeff Immelt - Jobs Czar. What a ******* retard. Lol.
LOL.
The head of one of the largest job exporters on the planet was our jobs czar.
You cannot make this shit up. People forget how utterly clueless that guy was when he took office. I don't. I remember seeing that and laughing until my balls literally detached from my body and rolled under my desk...
Jeff Immelt - Jobs Czar. What a ******* retard. Lol.
Papageorgio
The Ultimate Winner
And?
Papageorgio
The Ultimate Winner
I’m still seeing her. I’m going to Florida August 31 till September 4 and she gonna watch my dog./----/ Doesn't seem fair that the Obozo's just dropped $15 million on a house in Martha's Vinyard while the average dem voter easts cat food and lives in a tent.
Let me ask you a serious question.
In 2015, the six Waltons on the Forbes 400 list were worth $136.1 billion, making them the richest family in the United States. They have more wealth than 43% of American families combined. Their net worth is nearly equal to the combined wealth of Bill Gates and Warren Buffett.
How far down your throat can you take a Walton dick?
It seems like you are the one obsessed with the Walton's dicks.
BTW, is your girlfriend still ******* stupid or did you and her break up?
Last time I f’d her was Monday and I’m sure I’ll make sweet love to her once before I go and once when I get back.
This weekend my Greek buddies and I went to a Greek festival and they were introducing me to divorced or never been married women my age. No thank you. Unless their rich. If they are rich that might make a 6 into a 8.
But my girls body is near perfect. Sure she’s not 25 like when I met her. Her thighs are getting a bit ticker and flabbier but that happens to women. She’s 27 now.
The difference is I want to put every inch of my girl in my mouth. Her feet are perfect. These women my age, I wouldn’t put their feet in my mouth. Eww.
And these fat old Greek single bitches are rude. I showed my good looking buddy the girl who shot me down and he went up and introduced himself and confirmed she’s a b
So she is still ******* stupid. A simple yes or no would have worked. Didn’t read past your first sentence.
OnePercenter
Gold Member
- Apr 10, 2013
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Answering a question with a question defines ignorance.
OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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what did they say the reason was, cause I havent heard,,,Thanks for clearing up the fact that investors are a higher objective than employees or customers.
EXCEPT: The CEOs of nearly 200 companies just said shareholder value is no longer their main objective
DID YOU KNOW THAT WITHOUT INVESTORS THERE WOULDNT BE ANY EMPLOYEES OR CUSTOMERS???
MAYBE ITS they that should be more great full...
Then why does the largest retailer in the world, Walmart, want to go private?
if it were my company then why wouldnt I want to have control of it???
its mine after all
Mo' $$$$$$$
The caveat is to go private they have to payback their subsidies, which is the reason I've never had investors and never taken subsidies.
well money is the driving force in most business's,,
as for me all subsidies should end and as for investors,,,well most big business wouldnt exist without them and we would be worse off if they didnt exist,
of course the strongest companies are those that grew under their own supply and demand and learned to flex as it changed,,,
well money is the driving force in most business's
Money is the consequence of success.
as for me all subsidies should end and as for investors,,,well most big business wouldnt exist without them and we would be worse off if they didnt exist,
Subsidies are the ROI for investors.
of course the strongest companies are those that grew under their own supply and demand and learned to flex as it changed
The strongest companies grew do to a business plan of cheating and deceit.
OnePercenter
Gold Member
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What?
OnePercenter
Gold Member
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What taxes did GE pay?
OnePercenter
Gold Member
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Agreed. A company does not operating based on left or right wing ideology.
You should tell that to folks that think Microsoft is a liberal company. The of course you have businesses that market using left and right ideologies.
It operates based on money.
It operates to be successful which the consequence is mo' money.
At the end of the day, ever business, is a capitalist business..... unless with the small exception of a business built on government. USPS, or Fannie Mea, Freddie Mac. You can afford to follow a left-wing ideology, such as sub-prime loans... when tax payers are footing the bill.
ALL business is built with the help of the government.
Papageorgio
The Ultimate Winner
You are twisting my words and is blatant dishonesty. My issue with you is I don’t respect you.
Daryl Hunt
Your Worst Nightmare
- Banned
- #240
Let me guess. Anyone that disagrees with you you don't respect. Well, cupcake, you just lost all respect over here. You get what you give others. If it's contempt like I have seen come from you then you get contempt.
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