Thursday, August 28, 2008

Raytheon's Tax Rebate

The CHUTZPAH and ARROGANCE is ASTONISHING!!!

Yeah, support the troops!!!!

"Raytheon loses bid to avoid state sales tax" by Todd Wallack, Globe Staff | August 28, 2008

If Raytheon Co. had its way, every day would be a tax holiday.

The Waltham defense contractor unsuccessfully tried to persuade a Massachusetts state tax board that because most of the company's work is done for the federal government, it should be exempt from paying state sales taxes on much of what it buys here - items as diverse as toilet paper, a juke box, and promotional gifts such as golf umbrellas, pins, and key chains.

Type in "Raytheon" in my blog search and see what you get, folks!

Raytheon argued that it "regularly needs to purchase many items in order to perform its government contracts." The company is already exempt from paying sales taxes on many items it purchases specifically for the federal government, such as computer chips and metal sheets used to make missiles. But Raytheon said it should also be free from paying state sales taxes on its general overhead expenses, such as pads of paper used by company engineers to jot down notes.

Can you SMELL the STENCH of the GREED, America?!

This while OUR SCHOOLS and ROADS CRUMBLE and our vets SLEEP in the STREETS!!!!!

Specifically, Raytheon estimated that more than 81 percent of its work was for the US government in 2001 and 2002. Therefore, the company told the state tax board, it deserved a refund of 81 percent of the sales and use taxes it paid on general overhead expenses during those years in Massachusetts - about $700,000, plus interest.

And PLUS INTEREST, huh, you fucking sick SOBs?!!

What DISGUSTING pieces of CRAP these WAR PROFITEERS are!

Time to EAT 'EM!!!!!!

--more--"