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From the Home of Rich & Peggy Martin “If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.” Winston Churchill _________________________________ Why GE doesn’t pay taxes Repatronizing Corp profits earned abroad There’s a movement afoot that wants to lower the tax on corps doing business outside the USA . Current corp tax is 35% on all money repatriated. The argument goes, if we reduce the tax, i.e. to zero, all that money they’re sitting on will flow back into this country to be re-invested or distributed to stockholders. That’s the boost our economy needs. Sounds perfectly logical. But wait a minute, isn’t there a piece or 2 missing from the puzzle. Could it be that simple? Why would savvy entrepreneurs like GE CEO Jeffrey Immelt invest money and transfer whole divisions to China knowing he’ll have to pay an additional 35% on the profits of that venture? What’s in it for him? What’s in it for GE and ultimately their stock holders? Maybe they believe the govt will lower the tax some time in the future, and when it does, they’ll be bring it home. But that means that they’ve got all their profits sitting in foreign banks, maybe collecting 5% interest, with no where to put it. Not likely. Those profits have been re-invested overseas. Or, they’ve found a way to repatriate those funds without paying the 35% tax. They aren’t just stuffed in really big bank vaults. Maybe they’re buying product in China with those profits and sending it to the US untaxed? Maybe there’s another tax loop hole. I dunno. I just know they aren’t stupid enough to invest their money without a fair return on their investment. Much less no return on their investment. People like Immelt aren’t stupid. And if he were, their stockholders would be looking for a new CEO. I for one, would like an explanation how they can make so much and end up with a negative income tax balance. There’s one other thing I remember from my college days. Taxes paid to a foreign govt are deductible from IRS taxes? Hey, didn’t I read that GE didn’t have to pay taxes last year, and didn’t I read they have a big credit balance with the IRS? Perhaps all the taxes they pay to all the foreign countries they are in…hmmm. http://www.theblaze.com/stories/coke-ceo-says-its-easier-to-do-business-with-communist-china-than-with-u-s/ LiberalCaliftakes another shot at the Bill of Rights http://www.the912project.us/forum/topic/show?id=2881797%3ATopic%3A2401683&xgs=1&xg_source=msg_share_topic Karl Rove (and establishment) on eligibility. On Hannity, Karl Rove said Obama was born in the USA and is therefor a citizen, period. He went on to say: time arguing eligibility takes time away from the real issue. Pardon me but, if obama is proved to be a usurper, no hard-fought legislation will be required to undo all the damage that man has done. RETIREMENT PAY FRAUD When a military or govt employee retires and collects a Fedl pension; he/she does not qualify for a Social Security check; however, they can get a job in the private sector and pay into Social Security which they can collect on at age 65. This is perfectly legal and called “double dipping”. There have been reports that some govt employees. ie, in education, where a teacher retires with her union pension, but on his/her last day, he/she is technically assigned to the Maintenance Dept or such, and therefor qualifies for a Social Security at age 65 as well. This too, is perfectly legal and is called fraud. “What you permit, you promote." Recd from Tom Wagner The per person Medicare Part B insurance premium will increase from the present monthly fee of $96.40, rising to: $104.20 in 2012; $120.20 in 2013; And $247.00 in 2014. Just as now, they will be deducted from recipients checks. These are provisions incorporated in the Obamacare legislation, purposely delayed so as not to 'confuse' the 2012 re-election campaigns. Send this to all seniors that you know, so they will know who's throwing them under the bus. REMEMBER THIS IN NOVEMBER 2012 & VOTE ACCORDINGLY. The Party of Theft strikes again. Congress will vote on spending cuts/tax increases Dec 23, which means you’ll have plenty of time to worry about another crisis by the time they reconvene. Merry Christmas. http://freedomtorch.com/forums/topic/5229/the-party-of-theft-strikes-again Question, re, the trillion dollar plus the govt just invested in the new solar plants e.i., in Nevada and Calif : is the govt first or last in line when they go bankrupt? Warning: The threat of suspended elections is real http://canadafreepress.com/index.php/article/40802 USDA Ditches Food Pyramid Why does the fedl govt get involved in school lunches? Perhaps it made sense when we were the bread basket of the world, but now we’re a food importer. We shut the water off in the Central Valley and we use corn to fill our gas tanks. Maybe we should consider other problems, such as putting our children on diets and get the USDA out of our schools so they can raid more food pantries. USDA Ditches Food Pyramid for the First Lady’s Healthy Plate http://www.webmd.com/diet/news/20110602/plate-replaces-pyramid-as-diet-guideline-icon Forget the impeachment. If he’s impeached we’ll have to deal with all the laws he’s enacted, with and/or without the help of Congress. If he’s found to be a usurper, everything he did will all be null and void immediately and we can turn our attention to up-righting the SS America. Branson airlines http://www.flybranson.com/?utm_source=Google&utm_medium=CPC_Content&utm_term=Missouri Forget you worries and make this a Christmas one to remember. Come see the lights and enjoy the wonderful Christmas programs. Take your family to Branson. Enjoy a luxurious 2 BR, sleeps 6. Try it before you buy it. I call it Las Vegas without the gambling. For sale or rent by owner, Rich Martin http://houston.craigslist.org/vac/2628366115.html [email protected] P.S. Christmas starts in Branson on Nov 1, lights, decorations, and Christmasshows. Hint: buy you show tickets before you go to get the best seating. THINGS THAT MAKE YOU GO, HUH? The experimental solar power plants are being built in Calif are where crops used to be? REMEMBER WHEN... …we were the food basket of the world. Now we’re a food importer. LAST WORD Turn your speakers up BattleHymn Of The Republic. His Truth Is Marching On! - ELVIS- http://www.youtube.com/watch?v=X3lnQivQDr8 I’m as mad as hell, and I’m not going to take it any more. http://www.youtube.com/watch?v=q_qgVn-Op7Q Things you can't say aloud U.S.citizen Anwar al-awlaki was assassinated. Ron Paul and a few others claim it was an illegal murder, while most said good riddance. Obama on the other hand, is claiming it was approved by the United Nations. http://news.yahoo.com/killing-american-al-qaeda-cleric-anwar-al-awlaki-183603992.html There is another possibility. A Secret Court called FISA was created by the one-term DemocRAT President, Jimmy Carter. The Democrat Congress gave this Secret Court made up of anonymous “judges” the right to give the POTUS permission to violate the Constitution, such as assassinating enemies of the state. It seems likely if Obama didn’t seek their permission, likely his predecessor did. THE TRUTH IS A. Powerful C. In the eye of the beholder B. Irrelevant D. All of the above. TODAY'S BLAST FROM THE PAST – Before their time Why I didn’t vote in 2008 http://groups.yahoo.com/group/richslick/message/32 ................................................... © 2011 Rich Martin Permission to repost in full is granted. You are encouraged to pass this message on to anyone who might be interested in its contents. Rich Martin . -- To join RichsRants, send email to: [email protected] For more options, visit this group at http://groups.google.com/group/richsrants?hl=en
