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

February 1, 2011 — bunkerville

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

Posted in Government. Tags: , , , , , , , . 6 Comments »

NBC, Universal, Comcast cave to FCC Diversity

January 14, 2011 — bunkerville

Go to Update from Hot Air F.C.C. will approve the merger, with one dissent.

Looks like the Czars are winning. While we dither about being civil, the march to the loss of freedom of the air waves seem to go unnoticed. The intrusiveness of the FCC is worrisome.

The media giants also agreed to allow black leaders to have influence over NBC’s news programming.

The first step: The Sherrods won their first black radio station last year. The Sherrods, from the Black Farmers lawsuit: Pigford V. Vislack. That was the  first I am sure of many. Vid below. Now Comcast and NBC. They only need to control the Internet and the FCC will have it.

The pending merger between NBC Universal and Comcast appears to have received Federal Communications Commission Chairman Julius Genachowski’s support because of the companies’ recent promises to the NAACP, Al Sharpton’s National Action Network, the National Urban League and several Hispanic and Asian civil rights organizations. The two media giants promised more “diversity” in new and existing programming, and in all levels of the company and they promised more minority characters in existing television programs and more new programs targeted at the specific racial minorities.

“NBCU will strive to ensure the presentation of diverse viewpoints by seeking the expanded participation of minorities on its news and public affairs programming,” the companies promised in writing to black leaders. “To advance this goal, NBCU will consider suggestions from the African American Advisory Council of individuals who could be considered for such participation.”

“In addition, Comcast Cable is committed to launching a package o f 40-60 Spanish-language channels in all of its major Latino markets, with a balanced mix of programming serving all demographics and strongly promoting a diversity of Latino voices,” the companies promised in writing to Hispanic leaders. “Comcast Cable also will more than double its 600 hours of Latino VOD content, continue to add SAP-enabled offerings, and offer thousands of choices within a few years.”

The media giants also agreed to allow black leaders to have influence over NBC’s news programming. In addition to programming “diversity,” the Comcast and NBC Universal Memorandums of Understanding with different race-specific civil rights groups promise “diversity” in company employment, in supplier and vendor procurement and in “philanthropy and community investment.”

Posted in Government. Tags: , , , , , , . 10 Comments »

Obama Administration Gave General Electric- (NBC)$24.9Millions in ‘Stimulus’ Grants

October 12, 2010 — bunkerville

Lets see. The charge is the Republicans are raking in the dough from foreign companies? So much for fair and balanced. How in the world is this not a headline news breaker? How can they have a news division?

The Obama administration gave corporate giant General Electric—the parent company of NBC–$24.9 million in grants from the $787-billion economic “stimulus” law President Barack Obama signed in February 2009, according to records posted by the administration at Recovery.gov.

Despite getting $24.9 million from U.S. taxpayers, GE decreased its U.S.-based employees by 18,000 in 2009, according to the company’s 2009 annual report.

According to Standard & Poor’s, GE took in $156 billion in revenue in 2009.

GE was the primary recipient of 14 stimulus grants, a spokeswoman for Recovery.gov confirmed to CNSNews.com. These 14 grants provided GE with $24.9 million in tax dollars. On four additional stimulus grants, the primary recipient of the federal money hired GE as a contractor. Recovery.gov is the administration’s website that tracks stimulus expenditures.More at CNS News

Posted in Hollywood, Liberal Loonies. Tags: , , , . 2 Comments »

David Letterman – Add to Hollyweird

October 6, 2009 — bunkerville

Update:  If CBS producer Robert (Joe) Halderman intended to blackmail David Letterman about the funnyman’s sex life, he would have demanded cash, his lawyer said yesterday. Hmmm  Getting  more Hollyweird

“Here’s a guy who is an Emmy Award-winning journalist, who has dealt with cops and wiretaps and undercover investigations virtually his entire life,” defense lawyer Gerald Shargel said of Halderman on CBS’ “Early Show,” one of the morning shows he hit.

“There was a $2 million check. In the history of extortion, I don’t think there’s been a single case where the alleged extortionist took a check in payment. It just doesn’t make any sense.”

Read more: http://www.nydailynews.com/entertainment/tv/2009/10/05/2009-10-05_lawyer_for_lettermans_accused_blackmailer_joe_halderman_says_daves_not_telling_f.html#ixzz0WZ8F9xPM

“Late Show” host called the whole thing “a very bizarre experience.”david-letterman-married-regina-lasko-wedding

You could say the same thing about his “bizarre” performance before an adoring studio audience that didn’t seem to realize the seriousness of the situation.

The audience laughed and cheered as Letterman used his usual assortment of funny expressions and hand gestures while describing what he called a “blackmail” attempt by a man who has since been identified as Emmy-winning CBS news producer Joe Halderman. Letterman said the accused extortionist threatened to reveal in a book and a movie that the host had sex with women who worked for him.

At times, the laughter and cheers seemed as inappropriate as Letterman’s occasional creepy attempts to joke about a very serious situation. In one case, the audience laughter even led to a joke. You almost wondered if members of the audience hated themselves later for laughing but couldn’t help it.

When Letterman said he had to go before a New York City grand jury to tell “all of the creepy things I’ve done,” the audience laughed.

Tthe David Letterman had secret bedroom above Ed Sullivan Theater, sez ex-‘Late Show’ stafferAn ex-“Late Show” intern unmasked herself Saturday as one of David Letterman‘s former flings – and sources revealed the randy funnyman keeps a bachelor pad atop the Ed Sullivan Theater.”I was madly in love with him at the time,” said Holly Hester. “I would have married him. He was hilarious.”

The NYU alum, who it appears went on to become a top Hollywood producer, told TMZ.com that the relationship started in the early ’90s when Letterman called and asked her on a date to the movies.A year-long, secret romance ensued, she said, until the funnyman called it off because of their age difference.

Hollywood once more, displays its appalling lack of normal human conventional behavior- whether Norman Polanski, or David Letterman, its  Ego,Ego,Ego. One can only wonder where the audience came from. America, where is the outrage for this outrageous disrepectful behavaior.

Read more: http://www.nydailynews.com/entertainment/tv/2009/10/04/2009-10-04_untitled__4dave04m.html#ixzz0T9XIVzNU

Posted in Hollywood. Tags: , , , , , , , , . 6 Comments »
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