Comments on: Who'll Bail Out Uncle Sam?

CBS' Mark Knoller On The National Debt, And Who Picks Up the Tab

[pmsnbc1]

By the way, over 60% of so-called "US" companies incorporate in some tax-haven country and pay zero US tax.


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Posted by incog-nito at 04:26 PM : Sep 17, 2008


Not sure of the numbers or what defines a "US" company. I can say with knowledge that U.S. operations and profits are required by law to be reported and applicable taxes paid. Do some cheat? Absolutely. There are bad apples in every basket

[tpraskac]

HA HA to GREEDY

[incog-nito]

pmsnbc1: I am not demonizing US corporations. In fact they''re doing what any business should do. I have a problem with the idea of globalization and "free trade". We''re giving away our manufacturing capability, and our technology, all for cheap labor. Countries like China and India have a huge educated work force and will have no problem taking over the more skilled jobs. It is already predicted that China will have the biggest economy in a few decades.

By the way, over 60% of so-called "US" companies incorporate in some tax-haven country and pay zero US tax.

[pmsnbc1]

How do you fix it? You raise your income and lower your spending. There may be some tight times comin.


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Posted by fedupwithit1 at 04:23 PM : Sep 17, 2008



Close. Loering spending will do it. Times will only be tight for the fat cats feeding at the public trough.

[macusweil]

The necon rape and plunder of America continues. Safe to say I''m not voting GOP this Nov.

[pmsnbc1]

WOW... you reeeeeeally don''''t know what your talking about


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Posted by Flajoe1 at 04:18 PM : Sep 17, 2008



LOL...LOL again. Very intelligent response LIB. NOT!

[ubrew12]

YAM250 said: "Let see when bush took office the dow was at about 10,000 7 years ago. Where is it now. 10,000 "

I wish it were 10,000.
The stock market is denominated in dollars, and the dollar is worth about half what it was worth when Bush came to office, hence the TRUE value of the stock market today is about 5000 (in year 2000 dollars).

Of course, thats on the int''l marketplace. But, thanks to globalization, thats the REAL marketplace where people and property is valued. We really are worth (as a country) half what we were worth 8 years ago. That mean we may relatively more for everything we buy: gasoline, clothing, housing, and stock.

[eagle0542]

I have some news to you saying the Messiah is going to reduce taxes on the poor. News Flash, they do not pay taxes. They get Tax Credits (AKA welfare or redistribution of wealth). Some of you need to examine the tax code before you shoot off your mouths. When Obama increases "business" taxes the "Poor" you care so much about will get a tax increase. What you do not understand is businesses do not pay taxes, they just pass them off to the consumer as a cost of doing business, that includes the poor you care so much about. Please stop drinking the Kool Aid and think.

[pmsnbc1]

Posted by incog-nito at 04:16 PM : Sep 17, 2008


I disagree. Any right minded company would shift operating locations, given the capability, in order to pay 10% income tax versus the current 35% U.S. rate. It is time America come to understand that these "evil" companies pay their salaries, health benefits, and match or provide retirement funds. To demonize them is to slap the hand that feeds us.

[heatherlicious]

Forget the election, the candidates are pawns of big business billionaires and $28,000 a plate celebritrash and will only pander to them. This is nothing more than a redistribution of wealth. The government robs from the poor and gives to the rich. Throw away your prescription pills, people, turn off your televisions, and seize the assets of the thieves BY ANY MEANS NECESSARY.