IPFS News Link • TAXES: Federal

13 firms receiving federal bailout owe back taxes

03-19-2009 • AP

At least 13 firms receiving billions of dollars in bailout money owe a total of more than $220 million in unpaid federal taxes, a key lawmaker said. "This is shameful. It is a disgrace," said Lewis, D-Ga. "We are going to get to the bo

2 Comments in Response to 13 firms receiving federal bailout owe back taxes

Comment by Richard Stone

Entered on: 3/19/2009 5:45:49 PM

Guess who will be stuck with the bill for their taxes? Could it be the real taxpayers that are also paying for the bailout. Is it me or does this sound completely insane or is it I just can't see this from the liberal point of view? Maybe the Obama voters should have a recall.

Comment by Powell Gammill

Entered on: 3/19/2009 10:31:17 AM

This goes to something I have always said: Businesses DO NOT pay taxes...unless they are going out of business.

The consumers of their products and/or services pay the taxes in the costs passed on to them by the business. It is a scam on the laborer and the laborer as ALWAYS pays for it.

End the organized theft called taxes.

Make a Comment (2) • Email Link • Send Letter to Editor