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They sell oil to the US. The US sells TV network to them. That's the money going round.
Do you know of better things they could do with their hard-earned money?
the reported sale date is incorrect, if you read other reports about this. Gore, a long proponent of 'tax the wealthy' pushed the deal so that it went thru before Dec 31 so he could get the tax breaks that were still in effect for 2012. Hypocrite as usual.
what tax breaks do you speak of?
we don' t know for sure yet
Only that Obama wants new higher taxes this year. People selling for gain did so last year. What we will fact this year are those selling to lock in losses, taking advantage of larger tax write offs.
But WHAT taxes?
What specific taxes might go up retroactive to January 1, that would have impacted this particular sale?
Capital gains, personal income
retroactive? No...2012 rates, Josh. That's why he pushed to close the sale before Jan 1
You don't know why he did that
When we closed on our house in Texas, we worked with the realtor to get the closing done before December 31. It had nothing to do with tax rates. It was just so we could claim the related deductions that following April and not have to wait another year.
Unless you have Al Gore on record somewhere saying they were trying to avoid a tax increase, you do not know why the sale was completed when it was.
Oh, Good grief, Josh
You are one of the biggest complainers about how 'big business owners' rip off the government all the time with their tax loopholes, and somehow, the fact that a former VP of this country would actually do the same damn thing is beyond your belief.
Even if Gore pushed the closing.....
.....in order to avoid a tax increase, how is that a "loophole?"
Perhaps not a loophole, but a tax 'cheat'
all the same if his main reason was to avoid paying the new BO taxes all the while he claims to be for those higher tax rates. You can stop nit-picking anytime now, when you know all along what was going on.
RE; but a tax 'cheat'
IRS would love to hear from you. They're looking for money anywhere they can get it.
So everyone that takes advantage of tax laws
or government benefits while campaigning to end them is the same?
that any business has the right to take full advantage of the tax laws as they are written, including moving money overseas to protect it. I just don't like the hypocricy of those who do it but campaign against it.
not just businesses take advantage of laws
re: money moved overseas to protect it.
So you say that profits made from sales by american companies, by american workers, off of american consumers should be moved out of country to avoid american taxes, which leave american consumers to make up for the tax shortfalls?
... and then you want to complain about higher taxes brought on by a supposed entitlement mentality?
Why don't you consider companies which think they should be allowed to do business in the USA without paying taxes on the money where they made there an entitlement strategy?
you don't know what you are talking about
"So you say that profits made from sales by american companies, by american workers, off of american consumers should be moved out of country to avoid american taxes, which leave american consumers to make up for the tax shortfalls?"
The situation you describe above is taxable. What isn't taxable are American companies operating overseas, using overseas labor, and selling the products overseas, and the profit is retained overseas. Only when it's brought into the US is
James, try reading a thread for a change before responding
Toni said, and it is plainly there for you to read...
... that any business has the right to take full advantage of the tax laws as they are written, including moving money overseas to protect it.
If she meant something else than let her correct her own posts.
However, to address your comment. American citizens who live and work overseas are expected to pay certain taxes on income earned overseas. The SCOTUS has determined, a US company has some of the inalienable rights of personhood, so why then should US companies be excluded from the laws which require US citizens to pay taxes on certain incomes earned overseas?
How is that cheating?
It's not like he hid the money in the Caymans or a Swiss bank account.
And BO and his wife
don't get income based on foreign money, too, that they have never had to prove.....the media allowed the explanation that it's from his books without any proof of that.
Toni, you made a specific accusation.
All Josh and myself asked for was the specific information that backed up your specific accusations.
Now, you say he is taking advantage of loopholes. Which loopholes?
Sounds like you made your complaints based upon your dislike of the man, rather than on specific knowledge.
If one can take gains in a low tax year instead of a higher tax year, that constitutes an advantage to sell in the lower tax year and is easily considered a "loophole". You and Josh seem to be under the impression that any "loophole" has to be something illegal, or at least of dubious legal standing. Quite wrong, all "loopholes" are legal.
I don't like the hypocrisy is all
I don't care personally what he does with his money or how he makes it as long as it's legal, since after all he WAS the VP and very nearly our president. It just amazes me that not only was he pushing hard to get the deal done before he would have been subject to the very higher taxes two months ago he said on national television that higher income people like himself "SHOULD" pay as their FAIR SHARE, but he has also been a heavy hitter with global warming and his aversion to fossil fuels (remember he made millions on that topic alone) while not only flying around in his private jet emitting all that 'pollution', but he actually refused to sell his failed tv station to an American in order to sell it instead to AJ, which is based out of Qatar......and has made THEIR money on BIG OIL.....supposedly because Beck didn't have the same goals in mind with Gore, but evidently AJ DOES. He's a proven liar and a phony in both instances.....
....Aussie Rupert Murdoch get HIS propaganda network on TV in the US?
who? Al Gore???
Oh, please !! Further disinformation from the master of it.
You may even be a quarter correct about it, but your twisting this story and so many others, and your long standing animus towards anything slightly to the Right of Atilla the Hun eviscerates this as a credible statement. Pack your megaphone and go home.
I don't see where James
twisted anything.......he gave a link and quoted part of that link. Me thinks you're slightly off balance today.
It might be worse if this guy got it
Report: Glenn Beck tried to buy Current TV, Al Gore went with Al-Jazeera
Al-Jazeera wasn't the only media company with its sights set on former Vice President Al Gore's little-watched Current TV.
Glenn Beck's Blaze Media approached the struggling cable news network last year, the Wall Street Journal reports, but was rebuffed because "the legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view."
AJ is more aligned with how Gore believes........wonderful news from a former VP of this country. Thank God he never made it to Prez.....we have it bad enough right now as it is.
RE: AJ is more aligned with how Gore believes
More stuff you pull out of one of your orifices?
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