re: "only individuals will pay the HST tax, companies will not."
Your Feds are probably watching Canada. As of July 1st we'll
be paying a 12% VAT (called the harmonized sales tax, or HST)
here in British Columbia. That's 12% on goods AND services.
Get your car tuned up and you pay 12% tax on both the parts
AND labour. Only individuals will pay the HST, companies will not.
Message #110890 from Kayaker at 4/22/2010 5:53:18 PM
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re: "Only individuals will pay the HST, companies will not."
Earth to debt slaves:
Taxes & austerity programs are for you - bailouts, offshore tax havens, and tax free profits are for us.
Exxon Mobil $42.5 billion in profits - and pays no US income tax.
Thanks to the best Congress that money can buy and 20 wholly
owned subsidiaries domiciled in the Bahamas, Bermuda and the
Cayman Islands, Exxon Mobil paid "0" income taxes to Uncle Sam,
and now has billions in cash to continue to invest in overseas
operations.
trueslant.com
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General Electric earns $10 billion in profits - pays no US income tax.
NEW YORK (CNNMoney.com) -- General Electric filed more than
7,000 income tax returns in hundreds of global jurisdictions
last year, but when push came to shove, the company owed the
U.S. government a whopping bill of $0.
*GE was given $139 billion in FDIC guarantees.
money.cnn.com
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Goldman Sachs with billions in profits & bonuses - pays a 1% US corporate income tax rate.
"Goldman Sachs Tax Rate Drops To 1%"
(Bloomberg) -- Goldman Sachs Group Inc., which got $10 billion
and debt guarantees from the U.S. government in October, 2008
expects to pay $14 million in taxes worldwide for 2008
compared with $6 billion in 2007.
The firm reported a $2.3 billion profit for the year after
paying $10.9 billion in employee compensation and benefits.
bloomberg.com
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SOTB |
