Postcard from the End of America: Cheyenne By Linh Dinh

11 April 2013 — Dissident Voice

Of all the words uttered by a person, only a few remain unforgettable to any listener, for these can charm, haunt, humiliate, annoy or terrify even decades later. My friend Lan, for example, is reduced in my mind to a single joking sentence, “This time I’ll probably have to sell my body,” and I’ll never forgive X for sneering, “I ain’t got none!” With a public figure, the lingering words can even be misquoted, or conjured up out of malice or adoration, as likely the case with the incipiently subterranean Margaret Thatcher (the Milk Snatcher). Though there’s no record of it, she’s repeatedly cited as having intoned, “A man who, beyond the age of 26, finds himself on a bus can count himself as a failure.” The public likes this faux quotation because it neatly sums up Thatcher’s disdain for the bottom half, for “losers,” so to speak, and also because it sounds pretty funny.

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Murdoch's News Corp Generated $10.4 Billion Profits And Received $4.8 Billion In "Taxes" From The IRS By Tyler Durden

12 July 2011 — Information Clearing House

July 12, 2011 “Zero Hedge” – – Call it the gift that keeps on giving (if one is a corporation that is): the US Tax system, so effective at extracting income tax from America’s working class, is just as “effective” at redistributing said income tax at the corporate level. Case in point: News Corp, which after generating $10.4 billion in profits over the past 4 years, and which would have been expected to pay the IRS $3.6 billion at the statutory corporate tax rate, instead received $4.6 billion back from Uncle Sam. Bottom line: Murdoch’s corporation had a cash paid tax rate of -46% between 2007 and 2010. The culrpit: two little somethings called Deferred Tax Assets and Net Operating Loss Carry-forwards.

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Murdoch’s News Corp Generated $10.4 Billion Profits And Received $4.8 Billion In “Taxes” From The IRS By Tyler Durden

12 July 2011 — Information Clearing House

July 12, 2011 “Zero Hedge” – – Call it the gift that keeps on giving (if one is a corporation that is): the US Tax system, so effective at extracting income tax from America’s working class, is just as “effective” at redistributing said income tax at the corporate level. Case in point: News Corp, which after generating $10.4 billion in profits over the past 4 years, and which would have been expected to pay the IRS $3.6 billion at the statutory corporate tax rate, instead received $4.6 billion back from Uncle Sam. Bottom line: Murdoch’s corporation had a cash paid tax rate of -46% between 2007 and 2010. The culrpit: two little somethings called Deferred Tax Assets and Net Operating Loss Carry-forwards.

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