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.
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