G.E. pays 3.6% Tax Rate and evil Wal-Mart pays 33.6%

Nothing like having friends in high places! Nothing like getting those special deals from a Czar or two. No doubt similar to Obamacare and those who got “waivers”… anyone wonder why MSNBC has so many tingles for Obama? How about having Jeffrey Immelt on board these days? Note that evil United Health Group pays 35.4% and we have to try and figure out why our premiums are going up? These costs are passed on to us.

Source:  From Tax Prof

NPR: Why Does GE Pay 3.6% Tax Rate, and Wal-Mart Pay 33.6%?

During his State of the Union address, President Obama said the current tax system is broken. “Those with accountants or lawyers to work the system can end up paying no taxes at all,” he said. “But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change.”  Do you really think that Wal-Mart does not have spiffy Accountants?

Just how broken is the corporate tax system? Consider the tax rate paid by two of America’s biggest companies — Wal-Mart and General Electric. Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years. General Electric paid just 3.6 cents on the dollar.

Click on image to enlarge

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That’s right; instead of concentrating on making light bulbs, power plants or whatnot, companies use the tax system to boost their profits. The source of the data in the chart to the right is the January 20 testimony of Martin A. Sullivan (Tax Analysts) before the House Ways and Means Committee

H/T: http://nalert.blogspot.com/2011/02/why-does-ge-pay-36-tax-rate-and-wal.html

Black Panthers:Justice Dept ‘culture of hostility’ exposed by Civil Rights Commission

Looks like the media, including Fox, can only cover one story at a time. This is an important story that could well impact the 2012 election. Honest and Free elections must be maintained, with no one above the law

“[T]here was a culture of hostility within the [Justice] Department’s Civil Rights Division to the race-neutral application of the nation’s voting laws.” – U.S. Commission on Civil Rights

The United States Commission on Civil Rights released its interim report on Friday — including statements by its commissioners — on the implications of Attorney General Eric Holder’s and the Justice Department’s actions in the New Black Panther Party case: Race Neutral Enforcement of the Law? DOJ and the New Black Panther Party Litigation: An Interim Report

“This report should have been on the frontpages of every newspaper and the lead story on every TV and radio newscast,” said former police detective and military intelligence officer Mike Snopes.

See our earlier post: Black Panthers say “Prepare for War” Here

“This report reveals that the U.S. Justice Department under [Attorney General] Holder is out of control harassing state legislatures and law enforcement officials while turning a blind eye towards voter intimidation. They are playing race politics of the worse kind — institutionalized racism,” Snopes said

The U.S. Commission on Civil Rights is an independent, bipartisan agency charged with monitoring federal civil rights enforcement. Commission meetings are open to the general public. The Commission’s website is http://www.usccr.gov . The report is posted at http://www.usccr.gov/NBPH/USCCR_NBPP_report.pdf.

Continue reading on Examiner.com: Outrage! Justice Dept ’culture of hostility’ exposed by Civil Rights Commission – National Law Enforcement | Examiner.com Examiner

Google Restores Social Network in Egypt for Obama?

We keep hearing how it was the Social Networks that had much to do with the present unrest in the Middle East, with the Egyptian government cutting off the Internet. Now we learn, Obama’s best friends from Google have come up with a work around. Robert Gibbs has said that Egypt must restore Social Networks. Switched

Internet service in Egypt is now totally shut down and there are reports that cell phone service has again been cut, but that won’t stop people from finding ways to reach out and express themselves.

One creative solution is from engineers at Google, Twitter and SayNow, a company that Google recently acquired, who have created a way for people from Egypt to Tweet via landline.

According to the Google blog, “Anyone can tweet by simply leaving a voicemail on one of these international phone numbers (+16504194196 or +390662207294 or +97316199855) and the service will instantly tweet the message using the hashtag #egypt. No Internet connection is required.” Huffington Post

Do you really think that Google did this on their own? That this was not discussed with the White House and Obama?

“What we shared is a belief in changing the world from the bottom up, not from the top down,” Obama told Google employees during a 2007 visit to its headquarters in Mountain View, Calif. Money CNN

Earlier we posted how the State Dept was holding meetings with Egyptian dissidents. Digging more into the meeting of the Alliance of Youth Movements with these dissidents, what a surprise. The Executives from Google and Facebook were in attendance. Attendee List

Here is what happened at theAlliance of Youth Movements meeting.

These discussions contributed to the construction of Creating Grassroots Movements for Change: A Field Manual and the launch of a new organization, The Alliance of Youth Movements that will work to help other organizations use online technology to advance their causes.

The Summit also launched the Youth Movements Hub where emerging youth organizations can access and share “how-to” guides and tips on how to use social-networking and other technologies to promote freedom and justice and counter violence, extremism and oppression. Including instructional videos and text guides, links to related online resources and discussion forums for sharing experiences, ideas and advice, the hub will remain the central resource for The Alliance of Youth Movements.

More on Obamas’s good friends:

In Google (GOOGFortune 500), the $22-billion-a-year online-advertising Goliath, Obama appears to have found a corporate kindred spirit. Google executives, led by CEO Eric Schmidt and co-founders Sergey Brin and Larry Page, are scary smart and supremely self-confident (much like the President himself), and despite their company’s growing power, they depict themselves as advocates for consumers.

The President relies on Google execs for tech and economic advice as his own regulators scrutinize the online-ad behemoth  Money CNN

Because the company and administration are so like-minded, it should come as no surprise that Google executives soon found themselves assuming roles in the Obama administration.

Indeed, two of Obama’s economic tenets — support for more U.S.-educated engineers and the expansion of Internet services to poor and rural areas — grew out of a visit to Google headquarters in 2004, an encounter Obama recalls in his book “The Audacity of Hope.”

Google managers and employees were some of the strongest supporters of candidate Obama, donating around $803,000 to his presidential campaign, according to the website OpenSecrets.org. Among corporate employees, only staffers at Goldman Sachs (GSFortune 500) and Microsoft (MSFT,Fortune 500) gave more.

CEO Schmidt actively stumped for the candidate and served as an informal economic adviser during the campaign, and after Obama was elected, Schmidt and other Google executives forked over $25,000 apiece to help pay for the inaugural celebration.

 Money CNN

Thanks to Ameristroika for many of the sources. A must visit.


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