Tuesday, December 27, 2022

Dirty, Filthy, Commie Taxes

The evening "roar-down" at the dinner table at which Michelle's grandparents excoriated the administration-of-the-day often closed with a final spew of this post's title. In my teen-age years I saw corporate welfare was a major support of the economy, a form, if you will, of Socialism...in disguise.



The fact that Jacobs has 80,000 employees with 400 offices worldwide and in 2020 had a negative tax liability of over 17% struck me as worthy of note. The following paragraph isn't TOO far down in the Wiki article....in case you wanna see some more of the story.

            ----------- Begin Wiki -------

In April 2021, the Institute on Taxation and Economic Policy listed the top 55 corporations that paid $0 in taxes for the year 2020. Jacobs Federal Income Taxes for that year were negative $37 million dollars for an Effective Tax Rate of −17.4%.[16]




I chanced upon Jacobs Solutions when they were mentioned as having written a report on oil sands in Canada.

I have to wonder how many of the folks who "stormed the Capitol" on January 6th wanted Jacobs to help rule the nation; or even know that they probably do.


From his Wikipedia page: 

Jacobs also authored two books. The first, The Anatomy of an Entrepreneur: Family, Culture and Ethics, was an autobiography published in 1991. The second, Compassionate Conservative: Assuming Responsibility and Respecting Human Dignity, was published in 1995 

1 comment:

  1. Hi there! Thanks for this post. Yes it is one of my pet peeves, I do not all understand it, but how is that even possible.

    ReplyDelete