Skip to comments.Harry Reid Now Spreading Baseless Claim that Koch Brothers Don't Pay Corporate Taxes
Posted on 04/02/2014 11:19:26 AM PDT by don-o
Senate majority leader Harry Reid has a whole page on his official Senate.gov website devoted to revealing "THE FACTS ABOUT THE KOCH BROTHERS." One of the alleged facts promoted on Reid's website is that the Kochs do not pay any corporate taxes:
They are known for bankrolling conservative, Libertarian and Tea Party causes and became poster boys for corporate tax reform last year when an Obama Administration official suggested Koch is organized as an S Corp. and so pays no corporate level taxes.
The claim that the Koch brothers don't pay corporate income taxes was first made by former White House official Austan Goolsbee, but Koch Industries lawyer Mark Holden disputed the accusation and raised the question of whether someone in the Obama administration illegally accessed the Kochs' tax returns. Goolsbee's comments led to a federal investigation--the results of which have never been released.
(Excerpt) Read more at weeklystandard.com ...
They pass through their income to the owners of the S Corp, who pay personal federal taxes.
That way, the owners of the S Corp can pay taxes using their own deductions, which may result in a tax bill lower than the prevailing corporate tax rate.
it’s time for him to be aggressively sued for libel , by some party that can take it to the limit .
Reid needs to be chopped off at the knees
Corporations don't pay taxes. They merely pass the cost of doing business along to the consumer and serve as unpaid tax collectors.
Why doesn’t he hurry up and die?
Probably from the same source he got Romney’s tax info.
From The Machine
Well, of course he is. It’s only people like the Koch brothers who stand between us and Harry’s communist dream.
Harry Reid said Mitt Romney didn’t pay taxes and the media loved it. They played the story for weeks.
Does his website protections like his protect speech when he goes on the senate floor?
Hairy Reid needs to be jailed.
Deja vu all over again.
Didn’t we conclude the last time he said something like this that the only way he could know is if he had illegally procured a copy of their tax return?
don’t forget rat friendly GE, owners of MSNBC- they pay $0.00 as well...
As the CFO of a small S-Corp that employs 4 people and in 20 years has paid over $1 million in taxes, I can assure you that S-Corps, via their owners’ withholding, pay plenty of taxes.
Let he who is without sin cast the first stone. If anyone knows more about tax cheating-stealing and back room money deals old dirty Harrys the man.
Didn’t Dirty Reid have to pay over $30,000 that he overlooked?
Why not? It worked against Milt, didn’t it?
Reid is the mastermind behind the IRS Scandal. Forget petty libel suits...the man needs to be taken down. He volunteered to be 0bama’s fall guy...let’s make him fall and be frog marched right out of office.
This is the behavior that brings whole governments to collapse.
Reid needs to get exposed like dog crap on a carpet
Because harry eid is in his own death spiral. Harry says look squirrel to deflect from what is happening to him and his own family members.
Reid has had a cell reserved in Hell for decades. Satan figures he can do more damage up here.
Maybe Dingy Harry should talk about the dough he gave to his granddaughter..oh yeah I forgot that’s off limits..his obsession with the Koch Brothers is borderline insane. I don’t even know who the Koch brothers are but I DO know who George Soros is, but of course hey, for liberals, having someone like Soros who sells out Jews to the highest bidder is all good
It's amazing how many people don't understand this. Good post.
Harry Reid is a child molester.
I don’t have any proof. but he is.
That said, Harry Reid is an amazingly dirty, feckless, nasty piece of work. Who does need to be cut off at the knees, politically speaking.
“Does his website protections like his protect speech when he goes on the senate floor?”
Dat’s what I wanna know!
Yes, and the oil companies get $$$ from the government from our taxes too.
They say this on MSNBC all the time.
Yes. It’s known that he likes his boys.
And I have no proof.
Reid is long overdue for a mental evaluation.
. . . at the neck and ankles
Guess that Romney attack didn’t work so now on to something else.
Seems to me the Kochs should be filing lawsuits by about now. How much longer do they stand there as Harry Reid’s personal punching bag?
One would think that disclosing someone else’s private tax information would be legally actionable...
Hey, why not. It worked with Mitt Romney.
This is actionable on the part of the Kochs. He’s accusing them of felonies, and this has gone too far.
I don’t believe he apologized to Romney or even acknowledged he was wrong. I bet there are people running around still making that accusation and using Reid’s Senate speech as the source.
If anyone knows more about tax cheating-stealing and back room money deals old dirty Harrys the man.
Sen Greed should be investigated once we get a real President. He’s about as dirty as they get. But since he’s a Ruling Class liberal he gets a pass; above the law.
This SOB is CERTIFIABLE!! Isn’t there a provision for removing someone from office for insanity? If not, there should be.
A lie gets halfway around the world before the truth has a chance to get its pants on. Winston Churchill
This particular lie has been around the world twice now.
Would it be better if he weren’t feckless?
I’m still trying to figure out what’s illegal about organizing as a Subchapter S corporation. If it’s not illegal, where’s the beef? If the IRS has ho issue with it, what possible source of concern is there for Harry (Dogcrap) Reid?
Why is this little slimy-hump-backed-squirt allowed to use a government website to attack private citizens? Will not one member of the senate stand up and challenge this guy?
As I said on another thread, I remember a time when he would have been kicked out of the senate.
Absolutely true. The most despicable lies are half truths.
I don’t believe he’s Obama’s fall guy. I believe he’s the message boy to tells Obama what to do.
Unfortunately the next president, if republican, will say “We need to move on.” I think moveon.org got it’s name from a republican comment.
It would be better if he were retired.
Sure. Why not. Reid has lied, in our face and proudly, about everything else. Why not this?
Neither do money-laundering mobsters.