Taxpayers pay for 72 million bonus

posol

RETIRED
Staff member
Senator Frank Lautenberg, a New Jersey Democrat who is a vocal critic of Halliburton's performance in Iraq, said Halliburton did not deserve a bonus.

''It is outrageous that the Bush Administration would give Halliburton a bonus after we have seen its overcharges, sloppy accounting, and kick-back schemes in Iraq," Lautenberg said. ''Giving Halliburton a bonus is like giving your worst employee a raise."



Halliburton, which was run by Vice President Dick Cheney until he joined the 2000 race for the White House, has earned more than $7 billion under its 2001 logistics contract with the US military.


nuff said.

if you still don't think he has a hand in that profit, you're only fooling yourself.

congratulations, we just paid to give him self a bonus.
 

Bob Vila

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He left the company in 2000...how is he getting any more bonues? He is not part of the Board of Directors and is not listed as an active employee. The only way he could profit from Haliburton is if he owns stocks (which I am assuming he does).
 

reckedracing

TTIWWOP
VIP
he is still getting paid deferred compensation by the firm from when he worked there... or course he has a SEVERE financial interest in them remaining in business...

as well as helping out all his old buddies who are still there...

this is a highly unethical conflict of interest...

this administration makes me fucking sick...

and how can the american people not see this? or not do anything about it...
i;m fucking pissed...
 

Bob Vila

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Admin
VIP
Originally posted by reckedracing@May 12 2005, 10:41 AM
he is still getting paid deferred compensation by the firm from when he worked there... or course he has a SEVERE financial interest in them remaining in business...

as well as helping out all his old buddies who are still there...

this is a highly unethical conflict of interest...

this administration makes me fucking sick...

and how can the american people not see this? or not do anything about it...
i;m fucking pissed...
[post=498314]Quoted post[/post]​



Source?
 

DarkHand

Senior Member
VIP
Originally posted by reckedracing@May 12 2005, 10:17 AM
time for a rev-olu-tion... :ph34r:
[post=498338]Quoted post[/post]​


Only problem is that today's youth are so apathetic (and by no accident) that it would be incredibly hard to muster up the millions of people that would be needed. :angry:

American people are the frog in the pot, and the current government will make absolutely sure that they heat up the water slow enough that we never notice we're being boiled.
 

reckedracing

TTIWWOP
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Bush - Cheney Release 2003 Tax Return Summaries
From Robert Longley,
Your Guide to U.S. Gov Info / Resources.
FREE GIFT with Newsletter! Act Now!

First Family paid $227,490 during 2003 
Dateline: 04/15/04
The White House has released the following summaries of the 2003 tax returns filed by President and Mrs. Bush and Vice President and Mrs. Cheney:

PRESIDENT AND MRS. BUSH RELEASE 2003 TAX RETURN

President and Mrs. George W. Bush reported taxable income of $727,083 for the tax year 2003. This resulted in a total of $227,490 in federal income taxes paid by President and Mrs. Bush.

The President's 2003 income included salary earned as President and investment income from the trusts in which their assets are held.

President and Mrs. Bush contributed $68,360 to churches and charitable organizations, including Evergreen Chapel at Camp David, Tarrytown United Methodist Church, St. John's Church, the M.D. Anderson Clinic, and the Federal Government's Combined Federal Campaign.

VICE PRESIDENT DICK CHENEY AND MRS. CHENEY RELEASE 2003 TAX RETURN

Williams & Connolly LLP
at (202) 434-5000

The income tax return shows that the Cheneys owe federal taxes for 2003 of $253,067 on taxable income of $813,226. During the course of 2003 the Cheneys paid $258,779 in taxes through withholding and estimated tax payments. The Cheneys elected to apply the resulting $5,712 tax overpayment to their 2004 estimated tax payments.

The wage and salary income reported on the tax return includes the Vice President's $198,600 government salary. In addition, the tax return reports the payment of deferred compensation from Halliburton Company, in the amount of $178,437. In December 1998, the Vice President elected to defer compensation earned in calendar year 1999 for his services as chief executive officer of Halliburton. This amount is to be paid in fixed annual installments (with interest) in the five years after the Vice President's retirement from Halliburton. That election to defer income became final and unalterable before Mr. Cheney left Halliburton. The amount of deferred compensation received by the Vice President is fixed and is not affected by Halliburton's current economic performance or earnings in any way. In addition, the Vice President purchased, with his personal funds, an insurance policy that guarantees that he will receive the amount that is owed to him even if Halliburton is unable to make the deferred compensation payments.

The tax return also reports Mrs. Cheney's wage and salary income from her continuing work at the American Enterprise Institute and compensation from Reader's Digest, on whose board of directors she served in 2003. The Cheneys donated $321,141 to charity in 2003, primarily from donations of Mrs. Cheney's royalties from Simon & Schuster on her books America: A Patriotic Primer and A is for Abigail, as well as her forthcoming book titled Fifty States.



http://usgovinfo.about.com/cs/uspresident/a/prestax2003.htm

cheney 2003 return
http://www.taxhistory.org/thp/presreturns....le/cheney03.pdf
 

totalburnout

Well-Known Member
VIP
Originally posted by Oscar Mayer@May 12 2005, 12:07 PM



Source?



Of course he's not going to be able to provide one, its all speculation.


Perhaps they went with the company because Cheney ran it and they felt secure knowing that the man who was elected VP knows personally, because he actually oversaw the company, how the company operates.

Whats more intimate then having your business partner be one that you knew and trust personally?
 

reckedracing

TTIWWOP
VIP
Of course he's not going to be able to provide one, its all speculation.


eat a dick

Perhaps they went with the company because Cheney ran it and they felt secure knowing that the man who was elected VP knows personally, because he actually oversaw the company, how the company operates.

Whats more intimate then having your business partner be one that you knew and trust personally?


is it that you have no fucking concept of ethics? or do you NOT FUCKING UNDERSTAND WHAT A NO FUCKING BID CONTRACT IS?!?!?!

no matter if he knew the company or not(even more reason to try and remain impartial) this huge gov't contract should have been put out for bids, and it remains quite obvious that halliburton is fucking the taxpayers...
you wanna see the audit reports for my source?
 

totalburnout

Well-Known Member
VIP
Buddy, next time don't stop reading only where you see fit.


In December 1998, the Vice President elected to defer compensation earned in calendar year 1999 for his services as chief executive officer of Halliburton. This amount is to be paid in fixed annual installments (with interest) in the five years after the Vice President's retirement from Halliburton. That election to defer income became final and unalterable before Mr. Cheney left Halliburton. The amount of deferred compensation received by the Vice President is fixed and is not affected by Halliburton's current economic performance or earnings in any way. In addition, the Vice President purchased, with his personal funds, an insurance policy that guarantees that he will receive the amount that is owed to him even if Halliburton is unable to make the deferred compensation payments.


He took an insurance policy out that guarantees he will receive, the fixed amount that was determined well before he went into office. Basically he just insured himself that he would have a constant income over future years without being taxed in a lump sum on the amount of money he earned.

His insurance policy completely negates the idea that you put forth that he has a personal investment in whether or not the company survives, because right now he doesn't.
 

posol

RETIRED
Staff member
5 years after...

he left in 2000

its 2005

suddenly, they get 72 million.


and WE'RE blind?
 

totalburnout

Well-Known Member
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Originally posted by reckedracing@May 12 2005, 12:18 PM

is it that you have no fucking concept of ethics? or do you NOT FUCKING UNDERSTAND WHAT A NO FUCKING BID CONTRACT IS?!?!?!

no matter if he knew the company or not(even more reason to try and remain impartial) this huge gov't contract should have been put out for bids, and it remains quite obvious that halliburton is fucking the taxpayers...
you wanna see the audit reports for my source?
[post=498387]Quoted post[/post]​



Ha, don't ask if you have your hand in any knowledge about running a country. Don't talk about ethics when you constantly speculate without having any actual proof about what you say. You're not in Dick Cheney's head so you have no idea whats running through it, for you to speculate and then act as if your word is the gospel is bullshit. :)


Who says they didn't remain impartial? The government gives bonuses constantly, this isn't unusual. They give bonuses to workers for completing a federal highway early, who's to say that they can't give the company that Cheney used to work for a bonus. Are they not entitled to do so because people like yourself will speculate, "its only because he used to work for the company" when the process is actually commonplace? Hmmmm....
 

totalburnout

Well-Known Member
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Originally posted by pissedoffsol@May 12 2005, 12:23 PM
5 years after...

he left in 2000

its 2005

suddenly, they get 72 million.


and WE'RE blind?
[post=498393]Quoted post[/post]​


Does

He

Work

For

The

Company?


Is

his

income

fixed

or

not?


Did

you

not

just

read

the

tax

receipts?

Are you simply speculating? ...yes.
Its unethical and corruption when you see a penny of that money going to Cheney, until then quit speculating because it hasn't happened.
 

reckedracing

TTIWWOP
VIP
Ha, don't ask if you have your hand in any knowledge about running a country. Don't talk about ethics when you constantly speculate without having any actual proof about what you say. You're not in Dick Cheney's head so you have no idea whats running through it, for you to speculate and then act as if your word is the gospel is bullshit.


Who says they didn't remain impartial? The government gives bonuses constantly, this isn't unusual. They give bonuses to workers for completing a federal highway early, who's to say that they can't give the company that Cheney used to work for a bonus. Are they not entitled to do so because people like yourself will speculate, "its only because he used to work for the company" when the process is actually commonplace? Hmmmm....


it does not take a genius to realize that the no bid contract had something to do with favoratism... at the very least it should have been sent out to bid... no bid = bad ethics...

and i don;t give a flying fucking rats ass who the gov't gives bonuses to, the US is in a recession, halliburton was CAUGHT overcharging the taxpayers, the gov't is suspossed to be BY THE FUCKING PEOPLE FOR THE FUCKING PEOPLE, do you think taxpayers struggling to get food on the table would have approved a FUCKING 72 MILLION DOLLAR bonus to the same company that was caught stealing form us??? do you ever think?
 

posol

RETIRED
Staff member
but it HAS happened. you quoted it.

He got a deffered payment. meaning 5 years from 2000 is 2005. and now he/bush give his old company a big bonus... and thus, he gets paid even more.

It's the same reason we went to iraq--- money.
do you honestly think we give a shit about the iraqui people? no. we care about their oil.
if iraq was antartica, i guarnatee we would not be there throwing snowballs at the skinnies.
 

totalburnout

Well-Known Member
VIP
Originally posted by pissedoffsol@May 12 2005, 12:29 PM
but it HAS happened. you quoted it.

He got a deffered payment. meaning 5 years from 2000 is 2005. and now he/bush give his old company a big bonus... and thus, he gets paid even more.




No Brian, read again. I even bolded it for you both. Its fixed. His income is fixed. As I pointed out after recked stopped reading when he saw all that he wanted, he is still receiving money from the company but its been fixed since 1999...meaning its not going to chance. He has an insurance policy that guarantees him that money, meaning it won't hurt him one bit finnacially if the company goes to ruins. He's getting the same coin now with the 72 million dollar bonus as he did before it.


As for going to war simply for money, do you think I'm going to deny this? Are you that ignorant to believe that every war wasn't based on economic gain? Why else would we fight over land? We're materialistic beings and always have been. Long before this country was founded people waged war for land which equated to money.

You're silly if you don't believe that this war is any different from any other. We didn't care that the Nazis were killing 6 million jews until we got attacked, until we incurred economic losses and until they threatened our economic ties to allies.

I will say this however, I certainly don't believe that even though we're there for money we're not also there on ethic grounds.
 
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