Caterpillar avoided $2.4B in taxes, charges Sen. Levin

The Hill ^ | March 31, 2014 | Peter Schroeder

[jazusamo]

Atta boy Levin, sic the IRS on them because it seems the RATS have a habit of that. If Caterpillar is following the law you don't have a leg to stand on.

[cripplecreek]

A rational person would look at what drove them to avoid the taxes.

[BipolarBob]

They should threaten to just shutdown their Ohio operation and move everything overseas. See if there is any back pedaling.

[CrazyIvan]

It's one of the few big businesses we still have in Illinois. The rats must destroy it.

[jazusamo]

Exactly, and not only them but many other corporations.

[Paladin2]

Caterpillar does a boatload (or two) of business overseas.

Levin needs to just go home and continue to suck off the public as he has done for decades.

He's a Taker, NOT a Maker.

[E. Pluribus Unum]

While the report, from the Senate Permanent subcommittee on Investigations, said Caterpillar had done nothing illegal, it criticized the manufacturing giant for trying to avoid paying U.S. taxes.

So is Levin saying that Democrats always try to maximize their tax exposure?

[digger48]

Levin forgets all of those union Cat workers that are forced to give a chunk of their paycheck to democrats

[RoosterRedux]

Congress writes a bullshit code so that its members can please their lobbyists. And then Congress is upset when tax specialists figure out how to beat said BS code.

Like Cruz says...scrap the tax code and abolish the IRS.

[Kit cat]

How much did SOLYNDRA avoid in taxes along with ALL taxpayer dollars
GIVEN to them????

[DManA]

There is nothing illegal or immoral about avoiding taxes. In fact it is management’s duty to their owners.

[OneWingedShark]

While the report, from the Senate Permanent subcommittee on Investigations, said Caterpillar had done nothing illegal, it criticized the manufacturing giant for trying to avoid paying U.S. taxes.

I thought that was being smart, like avoiding speeding to avoid speeding tickets… or should we treat people that obey the speed limit as government revenue dodgers?

[RginTN]

Conclusion, Levin wants money from Caterpillar.

[AlexW]

The ultimate goal of the Marxist, aka Democrats, will be to nationalize all American industry in the new USSA.

[DManA]

If you take the standard deduction you are avoiding taxes.

[Navy Patriot]

Memo To: Rat Levin

From: Caterpillar

Subject: Rat taxes

Message: Per your request, we will move all Caterpillar facilities to Switzerland.

[Graybeard58]

I avoid every single tax I can, if I thought I might get away with it, I might even evade a few.

[jameslalor]

Levin is just annoyed that the company still does ANY business in the United States, obviously we need a few more tax hikes to ensure that U.S.-based corporations get the message that they’re no longer welcome in this country.

[OneWingedShark]

If you take the standard deduction you are avoiding taxes.

Again, being smart.
Though I am philosophically opposed to our current income tax system:
(1) Withholding is immoral, and either theft or forcing the employer to commit fraud.
(2) The deduction / exemption system is encouragement for fraud and political power abuse.
(3) The bracket system (graduated rates) combined with the above is a useless make-work program for the IRS to justify itself.

[Balding_Eagle]

Levin is steaming mad because the guys a Caterpillar are a lot smarter than the guys at Big Government, and made Big Government look like fools.