Tom the Dancing Bug by Ruben Bolling for May 31, 2013
May 30, 2013
June 06, 2013
Transcript:
Tom the Dancing Bug by Ruben Bolling Lucky Ducky The Poor Little Duck Who's Rich In Luck in "Gimme Shelter" Aide: Sir, the I.R.S. is here. HOUNDCO PROUDLY AMERICAN Aide; ...and the tax on your corporate income is a simple 35%. Hound: WHAT?! Hound: I'll create a foreign subsidiary to shelter income! Aide: Then I'M writing regulations to ensure it's a real operating company! Hound: Grrr...I'll create bogus contracts between companies to bring back profits, tax-free! Aide: Now I'll write rules to make sham contracts ineffective! Hound: Then I'll create an intermediary company in Bermuda... Aide: On it! Hound: ...owned by a trust in the Caymans... Aide: Writing regs on trusts! And negotiate a preferential tax rate with Ireland... New regulations on low tax jurisdictions... Hound: You know, the whole problem with U.S. tax law is that it's TOO COMPLICATED! Aide: PANT PANT Hound: Well, it was HARD WORK, but I got my rich company's rate down to 8%! Lucky Ducky: Can I buy one with my paycheck? HOT DOGS Vendor: Um, yup. You barely make it... Vendor: ...with the sales tax of 8%! Lucky Ducky: Gotcha! Hound: LUCKY DUCKY!
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edclectic almost 11 years ago
Taxes are taxing.
rini1946 almost 11 years ago
it not a 200,000 in taxes they are saving it is way more
rini1946 almost 11 years ago
Let me think raise taxes on business and they move the jobs overseas. Now unemployment is up and the companies left have a vast job market to choose from so wages are lower. And the 8 %sales tax is because the politicians will spend as much and more of what they get and then cry we are broke so we have to raise taxes.
robertreid almost 11 years ago
The real question is why the government thinks it deserves to take 35% of what any company earns—or what any of us earn. I know I would sopend my opwn money a lot more wisely than the myriad layers of byzantine bureaucracy within our ever-expanding government, which is becomiong increasingly unaswerable even to Congress (note the serious lack of concern or cooperation that the IRS offiicials recently displayed in their testimony/non-testimony).
robertreid almost 11 years ago
The real question is why the government thinks it deserves to take 35% of what any company earns—or what any of us earn. I know I would sopend my opwn money a lot more wisely than the myriad layers of byzantine bureaucracy within our ever-expanding government, which is becomiong increasingly unaswerable even to Congress (note the serious lack of concern or cooperation that the IRS offiicials recently displayed in their testimony/non-testimony).
Dragon0131 almost 11 years ago
Many companies and the wealthy firmly believe that they should not pay taxes. You know, the money that helps pay for infrastructure improvements, keep education affordable and higher people at a reasonable living wage so we can spend our money wisely. When corporate tax rates and taxes on upper incomes started coming down, it became harder to get a job. I’ve been in my field almost 40 years and no one wants to pay me what I’m worth. They want experience for entry level pay while the upper echelon f***s things up and get rwarded.
WileECoyote0001 almost 11 years ago
Companies don’t pay taxes. Their customers do. All costs, including taxes, are passed on to the consumer.