Category Archives: Articles

Irreverent, entertaining, incisive articles on a variety of accounting and tax subjects.

Larry Mendte: You’ll never guess what taxes U.S. corporations pay

U.S. corporations pay little, if any, taxes here in the United States, and on average, only a 6% tax rate, much lower than your individual tax rate; however, they pay big taxes in foreign countries. Continue reading

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Larry Mendte: Tax loopholes for big corporations. GE paid no Federal income taxes.

GE paid $0 in Federal income taxes last year. Does it really bring good things to life here in the United States? Continue reading

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Lies, bigger lies, and the susceptibility of the American public to political propaganda

You don’t need to fool all of the people all of the time. Politicians have proven over the course of history that all you need to do is fool enough of the people enough of the time to achieve your Machiavelli ends. Continue reading

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When to withdraw: getting out of Afghanistan

On Capitol Hill, there’s a growing bipartisan call to get out of Afghanistan. One lawmaker leading the push, Democratic Representative Dennis Kucinich from Ohio joins MSNBC’s Lawrence O’Donnell on The Last Word to explain why we need to get out of Afghanistan now. Continue reading

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Debt drama: debt and the deficit.

MSNBC contributor Ezra klein talks about how the Bush tax cuts are the biggest cause of the deficit and the threat they pose to America’s continued economic recovery. Continue reading

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Debt ceiling disaster looms. Debt limit fight.

Why can’t we balance the budget with all that money going to the Afghan war? Senator Bernie Sanders and the Washington Post’s Ezra Klein join the discussion with Lawrence O’Donnell. Continue reading

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Crude reality. Challenging big oil on tax breaks.

Chuck Schumer, Democratic Senator from New York, and Debbie Stabenow, Democratic Senator from Michegan, discuss why oil companies are out of tune with the country’s current economic conditions. Continue reading

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Slick politics: big oil fights to keep tax breaks and retorts opposing oil subsidies is “un-American”.

Democratic Bill would cut $21 billion in oil subsidies over 10 years. Chief Executive of Conoco Phillips retorts opposing oil subsidies is “un-American”. Democratic Senator, Claire McCaskill, co-sponsor of the bill to cut tax subsidies to the top five oil companies, and John Hofmeister, founder of Citizens for Affordable Energy, discuss the prospects of ending tax subsidies for the big oil companies. Continue reading

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Dollars and nonsense. Deficit debate full of false facts.

With Democrats and Republicans sparring over legislation to extend the government’s $14.29 trillion debt limit and trim budget deficits, negotiations are being complicated by by disputes over basic economic facts. The Washington Post’s Dana Milbank and the Huffington Post’s Alex Wagner discuss. Continue reading

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Getting drilled: ending Federal giveaways to big oil

Democratic Senator Robert Menendez from New Jersey talks about a bill he unveiled that would repeal about $2 billion a year in tax breaks for the five largest oil companies. Continue reading

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