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Harry Reid Now Spreading Baseless Claim that Koch Brothers Don't Pay Corporate Taxes
The Weekly Standard ^ | April 2, 2014 | JOHN MCCORMACK

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 ...


TOPICS: Government; News/Current Events; US: Nevada
KEYWORDS: austangoolsbee; georgesoros; harryreid; impeachnow; johnmccormack; kochbrothers; markholden; nevada; reid; unfitforoffice; warrenbuffet; warrenbuffett; wheresmydroolcup
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1 posted on 04/02/2014 11:19:26 AM PDT by don-o
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To: don-o
S Corps do not pay federal taxes.

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.

2 posted on 04/02/2014 11:23:35 AM PDT by wideawake
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To: don-o

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


3 posted on 04/02/2014 11:23:41 AM PDT by LeoWindhorse
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To: don-o
He's right, the Kochs don't pay corporate taxes. And neither does Warren Buffet, Bill Gates, Jeff Bezos, and any other corporate officer or entity, regardless of political affiliation.

Corporations don't pay taxes. They merely pass the cost of doing business along to the consumer and serve as unpaid tax collectors.

4 posted on 04/02/2014 11:23:43 AM PDT by bassmaner (Hey commies: I am a white male, and I am guilty of NOTHING! Sell your 'white guilt' elsewhere.)
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To: don-o

Why doesn’t he hurry up and die?


5 posted on 04/02/2014 11:23:52 AM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: don-o

Probably from the same source he got Romney’s tax info.
From The Machine


6 posted on 04/02/2014 11:24:22 AM PDT by Zathras
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To: don-o

Well, of course he is. It’s only people like the Koch brothers who stand between us and Harry’s communist dream.


7 posted on 04/02/2014 11:24:29 AM PDT by MrChips (Ad sapientiam pertinet aeternarum rerum cognitio intellectualis - St. Augustine)
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To: don-o

Harry Reid said Mitt Romney didn’t pay taxes and the media loved it. They played the story for weeks.


8 posted on 04/02/2014 11:24:59 AM PDT by Baynative (Got bulbs? Check my profile page.)
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To: Blood of Tyrants
Why doesn’t he hurry up and die?

Because even Satan doesn't want him
9 posted on 04/02/2014 11:25:17 AM PDT by jrg
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To: LeoWindhorse

Does his website protections like his protect speech when he goes on the senate floor?


10 posted on 04/02/2014 11:25:38 AM PDT by edcoil (Not a single republican was ever a slave owner. They were all democrats.)
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To: don-o

Hairy Reid needs to be jailed.


11 posted on 04/02/2014 11:25:58 AM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: don-o

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?


12 posted on 04/02/2014 11:26:47 AM PDT by E. Pluribus Unum ("A man who damns money obtained it dishonorably; a man who respects it has earned it." --Ayn Rand)
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To: bassmaner

don’t forget rat friendly GE, owners of MSNBC- they pay $0.00 as well...


13 posted on 04/02/2014 11:27:10 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: wideawake

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.


14 posted on 04/02/2014 11:27:37 AM PDT by MrChips (Ad sapientiam pertinet aeternarum rerum cognitio intellectualis - St. Augustine)
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To: FRiends

Who keeps Free Republic on the internet? You do!



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Support Free Republic

15 posted on 04/02/2014 11:27:41 AM PDT by deoetdoctrinae (Gun-free zones are playgrounds for felons.)
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To: Baynative

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.


16 posted on 04/02/2014 11:29:12 AM PDT by lostboy61 (Lock and Load and stand your ground!)
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To: don-o

Didn’t Dirty Reid have to pay over $30,000 that he overlooked?


17 posted on 04/02/2014 11:30:00 AM PDT by mountainlion
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To: don-o

Why not? It worked against Milt, didn’t it?


18 posted on 04/02/2014 11:30:09 AM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: MrChips
Exactly, via withholding.
19 posted on 04/02/2014 11:30:44 AM PDT by wideawake
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To: LeoWindhorse

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.


20 posted on 04/02/2014 11:30:50 AM PDT by EBH (And the head wound was healed, and Gog became man.)
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To: edcoil

Reid needs to get exposed like dog crap on a carpet


21 posted on 04/02/2014 11:31:07 AM PDT by LeoWindhorse
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To: don-o

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.


22 posted on 04/02/2014 11:31:48 AM PDT by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: jrg

Reid has had a cell reserved in Hell for decades. Satan figures he can do more damage up here.


23 posted on 04/02/2014 11:33:17 AM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: don-o

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


24 posted on 04/02/2014 11:33:34 AM PDT by Sarah Barracuda
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To: bassmaner
Corporations don't pay taxes. They merely pass the cost of doing business along to the consumer and serve as unpaid tax collectors.

It's amazing how many people don't understand this. Good post.

25 posted on 04/02/2014 11:34:31 AM PDT by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: don-o

Harry Reid is a child molester.

I don’t have any proof. but he is.


26 posted on 04/02/2014 11:35:01 AM PDT by cableguymn (It's time for a second political party.)
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To: bassmaner

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.


27 posted on 04/02/2014 11:35:13 AM PDT by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: edcoil

“Does his website protections like his protect speech when he goes on the senate floor?”

Dat’s what I wanna know!


28 posted on 04/02/2014 11:35:48 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: don-o

Yes, and the oil companies get $$$ from the government from our taxes too.
They say this on MSNBC all the time.


29 posted on 04/02/2014 11:36:18 AM PDT by sickoflibs (Obama : 'You can keep your doctor if you want. I never tell a lie ')
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To: cableguymn

Yes. It’s known that he likes his boys.

And I have no proof.


30 posted on 04/02/2014 11:38:32 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: don-o

Reid is long overdue for a mental evaluation.


31 posted on 04/02/2014 11:39:09 AM PDT by beelzepug ((you can't fix a broken washing machine by washing more expensive clothes in it))
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To: LeoWindhorse

. . . at the neck and ankles


32 posted on 04/02/2014 11:39:31 AM PDT by RatRipper (The political left are utterly evil and corrupt)
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To: don-o

Guess that Romney attack didn’t work so now on to something else.


33 posted on 04/02/2014 11:44:37 AM PDT by SkyDancer (I Believe In The Law Until It Intereferes With Justice. And Pay Your Liberty Tax Citizen.)
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To: don-o

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?


34 posted on 04/02/2014 11:46:44 AM PDT by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Zathras

One would think that disclosing someone else’s private tax information would be legally actionable...


35 posted on 04/02/2014 11:49:33 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: don-o

Hey, why not. It worked with Mitt Romney.


36 posted on 04/02/2014 11:49:51 AM PDT by aquila48
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To: wideawake

This is actionable on the part of the Kochs. He’s accusing them of felonies, and this has gone too far.


37 posted on 04/02/2014 11:55:23 AM PDT by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Zathras

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.


38 posted on 04/02/2014 11:58:33 AM PDT by DManA
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To: lostboy61

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.


39 posted on 04/02/2014 12:03:36 PM PDT by logic101.net (How many more children must die on the altar of gun control?)
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To: don-o

This SOB is CERTIFIABLE!! Isn’t there a provision for removing someone from office for insanity? If not, there should be.


40 posted on 04/02/2014 12:03:39 PM PDT by Dick Bachert (Ignorance is NOT BLISS. It is the ROAD TO SERFDOM! We're on a ROAD TRIP!!)
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To: don-o

“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.


41 posted on 04/02/2014 12:11:44 PM PDT by DManA
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To: Colonel_Flagg

Would it be better if he weren’t feckless?


42 posted on 04/02/2014 12:11:48 PM PDT by Lisbon1940
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To: don-o

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?


43 posted on 04/02/2014 12:13:26 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: don-o

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.


44 posted on 04/02/2014 12:15:47 PM PDT by VerySadAmerican
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To: don-o
an Obama Administration official suggested Koch is organized as an S Corp. and so pays no corporate level taxes.

Absolutely true. The most despicable lies are half truths.

45 posted on 04/02/2014 12:16:28 PM PDT by DManA
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To: EBH

I don’t believe he’s Obama’s fall guy. I believe he’s the message boy to tells Obama what to do.


46 posted on 04/02/2014 12:17:26 PM PDT by VerySadAmerican
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To: logic101.net

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.


47 posted on 04/02/2014 12:20:15 PM PDT by VerySadAmerican
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To: Lisbon1940

It would be better if he were retired.


48 posted on 04/02/2014 12:21:37 PM PDT by Colonel_Flagg (Some people meet their heroes. I raised mine. Go Army.)
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To: don-o

Sure. Why not. Reid has lied, in our face and proudly, about everything else. Why not this?


49 posted on 04/02/2014 12:22:46 PM PDT by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Neither do money-laundering mobsters.

Thanks don-o.


50 posted on 04/02/2014 12:30:07 PM PDT by SunkenCiv (Obama is now making Jimmy Carter look like Attila the Hun. /focus/news/3138768/posts)
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