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PSPS

(15,362 posts)
5. Boeing has been draining the state treasury for a long time
Sat Nov 23, 2013, 03:13 PM
Nov 2013

When the latest Boeing plea for $9 billion more in its corporate welfare was made, inquiries to the state asking just how much Boeing, a public company, actually was paying in state taxes (if any,) they were rebuffed because, well, "it's a secret." In other words, Boeing is just another Walmart where they pay no taxes plus get many billions of state funds to line their pockets.

When the CEO of Boeing retires, he will collect his pension of $260,000 -- PER MONTH.

Here's another tidbit: Washington has no income tax. That's why billionaire parasites like to live there. The only sources of income for the state are sales tax and, to a far lesser degree, property tax and "Business and Occupation" tax (a tax on gross income.) Boeing gets around paying any sales tax on the hundreds of billions in plane sales by using this sleight of hand: They fly the new plane outside the continental US, over the ocean, and "deliver" the plane there.

Recommendations

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alive and well since 1980! madrchsod Nov 2013 #1
Profit over people sakabatou Nov 2013 #2
K&R Solly Mack Nov 2013 #3
To the PTB this is a feature, not a bug Populist_Prole Nov 2013 #4
Boeing has been draining the state treasury for a long time PSPS Nov 2013 #5
Jesus. Brigid Nov 2013 #7
k&r for labor. n/t Laelth Nov 2013 #6
I say NO MORE wage concessions UNTIL the executives start making some sacrifices! lastlib Nov 2013 #8
So what's the alternative to Boeing moving their production to jtuck004 Nov 2013 #9
Savvy! blkmusclmachine Nov 2013 #10
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