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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (607033)	4/7/2011 4:09:06 PM
From: longnshort	Respond to of 1580132

Rio Mass Murder: Muslim Opens Fire on Children's School, 11 Dead, 20 Wounded, Suicide Note "References to Islamic fundamentalism" ..."it's important to note that all of the headlines in the news reports in Portuguese call the murderer an Islamic suicide bomber and report that his letter refers to Islam, while none of the English outlets are reporting this critical clue." atlasshrugs2000.typepad.com h/t Cage R

To: bentway who wrote (607033)	4/7/2011 4:35:45 PM
From: i-node	Respond to of 1580132

>>> Well, Dave, how was GE able to book 14 billion in NET profits, 5 billion from US operations, yet pay NO US taxes, and even qualify for 4 billion in tax CREDITS? Because GE Capital lost a ton of money. Losing money is not a tax saving strategy. Had GE Capital MADE money, you damned sure would have been demanding they pay taxes on those profits. This is a basic principle of taxation ("wherewithal to pay") that was established by the Supreme Court in the mid-1940s. It is a principle almost ALWAYS (there are a couple of exceptions) adhered to in the tax law. A PERFECT EXAMPLE OF IT IS PRESENT IN THE CONSUMER BANKRUPTCY LAW, which provides that you do not pay tax on income generated by a bankruptcy proceeding, even though you have profited substantially as a result, so long as it does not leave you more than solvent.