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(The Wire)   Sen. Sherrod Brown (D-OH) says that if Burger King is going to buy a Canadian company to evade US taxes, people should stop eating at Burger King in protest, helpfully suggests eating at the OH-based Wendy's or White Castle chains instead   (thewire.com) divider line 202
    More: Obvious  
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680 clicks; posted to Politics » on 26 Aug 2014 at 3:28 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-26 01:12:16 PM  
Boycotting is too hard. Can't we invade Canada instead?
 
2014-08-26 01:13:51 PM  
Well Canada is technically a monarchy.  Makes sense.
 
2014-08-26 01:15:43 PM  
I thought it was Sherrod Brown (D'oh)
 
2014-08-26 01:16:46 PM  
Uhm, senator?
Excuse me, but if you could just read this
$14.5M food tab by House members, hopefuls leaves a bad taste

And then go fark yourself with a rusty chainsaw, I'll consider your advise.
 
2014-08-26 01:23:32 PM  
inversion = evasion = avoision
 
2014-08-26 01:25:02 PM  
White Castle? I thought we weren't going to torture anymore.
 
2014-08-26 01:32:09 PM  
cdn2.screenjunkies.com
 
2014-08-26 01:43:14 PM  
I stopped eating Burger King years ago because it sucks.
 
2014-08-26 01:51:48 PM  

MrBallou: inversion = evasion = avoision


Correct. This is tax avoidance (legal), not tax evasion (illegal).

The former is using existing law to reduce tax liability. Putting income in a 401(k) is a form of tax avoidance.

The latter is using subterfuge and misrepresentation to "cook the books" so as not to report the tax liability in the first place. Getting paid "under the table" is a form of tax evasion.

/It sucks for the US Treasury that BK can do this, but they can legally do this.
 
2014-08-26 01:52:59 PM  

BKITU: Putting income in a 401(k) is a form of tax avoidance.


That's tax deferral. You'll still pay taxes on it when you start drawing on it.
 
2014-08-26 01:57:34 PM  

Nabb1: BKITU: Putting income in a 401(k) is a form of tax avoidance.

That's tax deferral. You'll still pay taxes on it when you start drawing on it.


Grrrr! Thanks.
 
2014-08-26 02:00:38 PM  
Yeah, I'm down with Wendy's.  Burger King sucks.  But not as much as McDonalds.

...

I think I need a salad, now...
 
2014-08-26 02:02:32 PM  
My wife won't eat at BK anyway, not since she bit into a fry that had a piece of chewed gum fused to it.
 
2014-08-26 02:03:04 PM  

BKITU: MrBallou: inversion = evasion = avoision

Correct. This is tax avoidance (legal), not tax evasion (illegal).

The former is using existing law to reduce tax liability. Putting income in a 401(k) is a form of tax avoidance.

The latter is using subterfuge and misrepresentation to "cook the books" so as not to report the tax liability in the first place. Getting paid "under the table" is a form of tax evasion.

/It sucks for the US Treasury that BK can do this, but they can legally do this.


And I think the point here is, maybe the law should be changed? No company should be allowed to reap the benefits of operating in the US without paying their fair share of taxes. Tax Avoidance may be legal, but it is still wrong, and that loophole needs to be closed, now.
 
2014-08-26 02:06:37 PM  

MrBallou: inversion = evasion = avoision


i209.photobucket.com
 
2014-08-26 02:17:00 PM  
 
2014-08-26 02:18:29 PM  

MmmmBacon: BKITU: MrBallou: inversion = evasion = avoision

Correct. This is tax avoidance (legal), not tax evasion (illegal).

The former is using existing law to reduce tax liability. Putting income in a 401(k) is a form of tax avoidance.

The latter is using subterfuge and misrepresentation to "cook the books" so as not to report the tax liability in the first place. Getting paid "under the table" is a form of tax evasion.

/It sucks for the US Treasury that BK can do this, but they can legally do this.

And I think the point here is, maybe the law should be changed? No company should be allowed to reap the benefits of operating in the US without paying their fair share of taxes. Tax Avoidance may be legal, but it is still wrong, and that loophole needs to be closed, now.


That was indeed my point.
 
2014-08-26 02:20:23 PM  

violentsalvation: Even though the company and Tim Hortons will be headquartered in Canada, Burger King headquarters will remain in Miami, Florida. Because of that, Behring says it will continue to pay taxes in the United States.


So, I can continue not going to Burger King because they suck, not because they suck and they are un-American?
 
2014-08-26 02:21:02 PM  

violentsalvation: Even though the company and Tim Hortons will be headquartered in Canada, Burger King headquarters will remain in Miami, Florida. Because of that, Behring says it will continue to pay taxes in the United States.


Good. We'll see if that remains the case for long. A lot of other formerly-US companies said the same thing when they merged with a foreign corporation, too.
 
2014-08-26 02:21:19 PM  

Nabb1: violentsalvation: Even though the company and Tim Hortons will be headquartered in Canada, Burger King headquarters will remain in Miami, Florida. Because of that, Behring says it will continue to pay taxes in the United States.

So, I can continue not going to Burger King because they suck, not because they suck and they are un-American?


Correct.
 
2014-08-26 02:42:14 PM  
So after not eating at BK, I can then not go to Walgreens to get some antacid.
 
2014-08-26 03:00:49 PM  

Uncle Eazy: So after not eating at BK, I can then not go to Walgreens to get some antacid.


Damn Canucks are politely taking over everything.
 
2014-08-26 03:09:08 PM  
I used to really enjoy Burger King. At some point, the execs noticed their sales were slipping and spent a lot of money trying to revamp the food. It got worse. If they had spent the money paying their employees instead, the problem would've been solved.
 
2014-08-26 03:13:24 PM  

Uncle Eazy: So after not eating at BK, I can then not go to Walgreens to get some antacid.


That article is old. Walgreens already said they aren't going anywhere.
 
2014-08-26 03:32:19 PM  
Or, you could just eat, I dunno, not-shiat food? Have you tried eating food that isn't absolute shiat?


/Sadly, I know the answer is most often "no."
 
2014-08-26 03:32:39 PM  

Nabb1: I stopped eating Burger King years ago because it sucks.


Their burgers are actually pretty good, but their fries are inedible. That is the exact opposite of McDonald's.
 
2014-08-26 03:36:38 PM  
Wendy's is a little heavy handed with the salt, at least BK is flame broiled.
 
2014-08-26 03:36:54 PM  

Angry Drunk Bureaucrat: MrBallou: inversion = evasion = avoision

[i209.photobucket.com image 320x240]


img.fark.net

It's a perfectly cromulent word.
 
2014-08-26 03:37:31 PM  

vudukungfu: Uhm, senator?
Excuse me, but if you could just read this
$14.5M food tab by House members, hopefuls leaves a bad taste

And then go fark yourself with a rusty chainsaw, I'll consider your advise.


Meh. It was donor money, not tax money.
 
2014-08-26 03:37:52 PM  
God forbid we make it advantageous for multi-billion dollar companies to stay in the US>
 
2014-08-26 03:37:56 PM  

BMulligan: Nabb1: I stopped eating Burger King years ago because it sucks.

Their burgers are actually pretty good, but their fries are inedible. That is the exact opposite of McDonald's.


If you live in densely-populated suburbs, you get your burger from BK, your fries from McD's and a shake from Wendy's.

// then when you get home, you throw it all out, because who wants to eat a cold, soggy burger with cold, soggy fries and a melted shake?
// communists, that's who
 
2014-08-26 03:38:42 PM  

Uncle Eazy: So after not eating at BK, I can then not go to Walgreens to get some antacid.


What, did they reneg? I thought they weren't doing the tax evasion thing that everyone was supposed to boycott them for.
 
2014-08-26 03:39:43 PM  

R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>


where they became XB dollar companies?
 
2014-08-26 03:39:55 PM  
If Senator Brown utilizes a ROTH IRA, can we then call him un-American and boycott him as well? I mean, as long as we are boycotting companies and people that purposely arrange their affairs as to pay the lowest amount in tax...
 
2014-08-26 03:40:04 PM  

R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>


What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.
 
2014-08-26 03:40:12 PM  

Nabb1: I stopped eating Burger King years ago because it sucks.


I too joined the Burger King Boycott years ago. I was tired of lousy food at high prices. I don't mind lousy food and I don't mind high prices. But the two don't go together for me.
 
2014-08-26 03:41:01 PM  
But didn't FoxNews tell me canadian taxes were through the roof because single payer and reasons and such?

/ confused
 
2014-08-26 03:43:02 PM  

BMulligan: Nabb1: I stopped eating Burger King years ago because it sucks.

Their burgers are actually pretty good, but their fries are inedible. That is the exact opposite of McDonald's.


McDonald's fries were even better back in the old days when they cooked them in beef fat
 
2014-08-26 03:43:07 PM  

Nabb1: BKITU: Putting income in a 401(k) is a form of tax avoidance.

That's tax deferral. You'll still pay taxes on it when you start drawing on it.


But not necessarily at the same rate. You can extract only what you need which maybe below the threshold of even paying taxes.
 
2014-08-26 03:45:45 PM  

asquian: R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>

What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.


Is approximately $88M not "fare" (sic) enough for you? It's a 27.4% effective tax rate.
 
2014-08-26 03:47:05 PM  

asquian: R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>

What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.


States regularly give companies breaks to keep them in-state. Of course the companies are villainized for taking advantage of those breaks.

In the greater scheme of things though, we should all be angered by the fact that every dollar spent is eventually taxed 100%, and taxes keep going up.
The company pays sales tax, and income, then of course when you are working for that company you are taxed on your income, and pay tax on your purchases which are then taxed on their way....

All money is taxed 100% eventually, and the government is crying poor.
 
2014-08-26 03:47:17 PM  
Wait, so an American Congresscritter suggested that other Americans should frequent businesses based in their home state by latching onto a story whose merit (BK trying to pull a tax inversion) has come into question, although it is still a plausible explanation for the merger?

Shocked. Shocked I tell you.
 
2014-08-26 03:47:25 PM  

TheManMythLegend: You can extract only what you need


Not necessarily true. Required Minimum Distributions do not, as far as I know, take need into account. Only actuarial data from retirement age to projected year of death. So an RMD can put you into taxable income, especially if you have even a little bit extra from outside 401(k) sources.
 
2014-08-26 03:47:34 PM  

R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>


"Having made billions of dollars" wasn't to their advantage?
 
2014-08-26 03:49:35 PM  

R.A.Danny: asquian: R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>

What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.

States regularly give companies breaks to keep them in-state. Of course the companies are villainized for taking advantage of those breaks.

In the greater scheme of things though, we should all be angered by the fact that every dollar spent is eventually taxed 100%, and taxes keep going up.
The company pays sales tax, and income, then of course when you are working for that company you are taxed on your income, and pay tax on your purchases which are then taxed on their way....

All money is taxed 100% eventually, and the government is crying poor.


This is worse than that double taxation nonsense some people spout.
 
2014-08-26 03:50:21 PM  

qorkfiend: R.A.Danny: asquian: R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>

What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.

States regularly give companies breaks to keep them in-state. Of course the companies are villainized for taking advantage of those breaks.

In the greater scheme of things though, we should all be angered by the fact that every dollar spent is eventually taxed 100%, and taxes keep going up.
The company pays sales tax, and income, then of course when you are working for that company you are taxed on your income, and pay tax on your purchases which are then taxed on their way....

All money is taxed 100% eventually, and the government is crying poor.

This is worse than that double taxation nonsense some people spout.


I don't even know how to respond to it...
 
2014-08-26 03:50:34 PM  

vudukungfu: Uhm, senator?
Excuse me, but if you could just read this
$14.5M food tab by House members, hopefuls leaves a bad taste

And then go fark yourself with a rusty chainsaw, I'll consider your advise.


Okay, let's see what your article has to say.

"House members and candidates have spent at least $14.5 million of their donors' campaign contributions on food since Jan. 1, 2011, a USA Today analysis shows."

So what exactly does this have to do with the topic?
 
2014-08-26 03:50:40 PM  

qorkfiend: R.A.Danny: asquian: R.A.Danny: God forbid we make it advantageous for multi-billion dollar companies to stay in the US>

What, you mean like making them multi-billion dollar companies? God forbid they have to pay their fare share.

States regularly give companies breaks to keep them in-state. Of course the companies are villainized for taking advantage of those breaks.

In the greater scheme of things though, we should all be angered by the fact that every dollar spent is eventually taxed 100%, and taxes keep going up.
The company pays sales tax, and income, then of course when you are working for that company you are taxed on your income, and pay tax on your purchases which are then taxed on their way....

All money is taxed 100% eventually, and the government is crying poor.

This is worse than that double taxation nonsense some people spout.


Being unemployed may very well be saving you from taxation.
 
2014-08-26 03:50:52 PM  

Nabb1: I stopped eating Burger King years ago because it sucks.


Except for their chicken strips, which with Ranch are awesome.
 
2014-08-26 03:52:06 PM  
Holy f*ck

/WTF did I just read?
 
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