Wednesday, July 13, 2011

You and I ...

Are supporting Rupert Murdoch.

I'll admit that I watch a couple of Fox networks (Fox Soccer Channel and Fox Soccer Plus) but I don't mind giving him my money for them because they're the only places I can get regular football matches from Europe.

That said, I got a problem with giving him billions of my tax dollars:

(Reuters) - Rupert Murdoch may not garner as much attention for his financial savvy as he does for his journalistic escapades, which last week led to the shuttering of Britain's oldest tabloid. But that doesn't make his money management any less impressive.

...

Over the past four years Murdoch's U.S.-based News Corp. has made money on income taxes. Having earned $10.4 billion in profits, News Corp. would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. Instead, it actually collected $4.8 billion in income tax refunds, all or nearly all from the U.S. government.

...


I say it's about time we stop paying him to help destroy the country.

Great thanks to Jill for the link.

3 comments:

Gordon said...

Hopefully we'll get all the money back if his lawyers pay their income tax...

Fixer said...

What, rich people pay tax in America? Surely you jest ...

DBK said...

No, see, what we need to do is investigate some agency like ACORN, no make the rich pay their fair share of taxes. Why, you do that and they'll refuse to create jobs, see, unlike now when, with taxes at their lowest in six decades or so, we have all these jobs just overflowing everywhere.