Corporate Taxes: Last Week Tonight with John Oliver (HBO)
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
- Many of America’s largest corporations shift a surprising portion of their profits overseas to avoid paying taxes. Even more surprisingly, that’s a legal thing to do.
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“Those are Nazi bucks, ya Swiss fucks.”
This is the best quote from this show ever and nobody can tell me otherwise.
Indeed! I loved that dig, it was richly deserved. The Swiss have historically gotten away with being corrupt, rotten fucks way too many times.
I was scrolling down to see if there are some butt-hurt Swiss, since they are very touchy and whiny about this subject. So far no luck though.
I agree fartface
I couldn't help myself.
Ildskalli They did what they had to
Well, it would be better if you could spread out the message a little and also say something truthfully and very mean about the Swedish in the same vein.
remember If you're rich and you take advantage of the government, you're "smart". if you're poor and you take advantage of the government you're "lazy".
I don’t think ‘the rich are smart’, but to be fair, the financial executives who identify and use these tax schemes invest decades of education and dedicated work ethic to make it work - taking advantage of the government for food stamps requires considerably less effort
@@dariusshubert7400 and you get considerably less money aswell.. alot less😉
Poor people aren't even taking "advantage" the way these rich soulless assholes are. Poor people are utilizing programs so they can stay alive with food, for example. Then these same rich fuckwads ACCUSE poor people of taking advantage WHEN THE RICH FUCKERS AREN'T EVEN FOOTING THE BILL BC THEY DON'T PAY TAXES.
How Microsoft thumbed its nose at the IRS to cheat you out of taxes on at least $39 billion
www.propublica.org/article/the-irs-decided-to-get-tough-against-microsoft-microsoft-got-tougher
*Lazy = Criminal.
So when they do it it's just smart business, but when I do it it's money laundering.
TheHorseFormerlyWithoutAName Exhibit A - Trump family
That’s not money laundering genius
Matthew Lippe what?
It depends on the meaning of “it” is.
@@matthewlippe8644 forest, trees, etc.
John Oliver acknowledging his doppelgänger, Steven Mnuchin is everything.
and wearing the exact same outfit is priceless extra
Steve Mnuchin looks like John Oliver got turned into a frog, but the enchantress decided "nah, he can't get any uglier" halfway through the spell and just... left him that way.
You just know he wore that suit and tie for exactly that reason.
WorldFactsCentral it’s now 420, I had to do my fucking job
Christopher mulreedy from the west wing. He he looks exactly like Steve mnuchin but is ACTUALLY smart
And then people complain when others want better healthcare and livable wages. If these corporations actually paid their taxes it can go a long way to helping the economy
And that’s purely as a function of each, independently, increased spending and increasing circulation of existing money.
That’s before the benefits of:
Making a new healthcare system with administrative costs of a few percent, instead of, like, 20%
Putting it towards education, thereby increasing productivity
Building effective programs to lift people out of poverty, increasing productivity*
And more!
*while fundamentally a good thing, there are flaws in how welfare works here in the USA.
For one, due to poor design, people can hit a situation where if they get a slight increase in income, they suddenly end up worse-off (because, for example, they’re suddenly ineligible for food stamps, and their food costs more than the income increase).
And that’s just issues with HOW it works, not issues with how many people it covers and such.
Yeah but if you say it in america you are immediately called communist
To be fair its not their job to pay as much as possible in taxes. They are doing what they should be doing, finding any legal way possible to not give up their own money. Its smart, id do the same. Its up to US government to find a way to cut down on loopholes, although is tough because i guarantee any good corporation has accountants and lawyers that are 10x smarter and more savvy than any government accountant
@@Rowsy91 Almost ALL CPA’s are govt agents.
@@Rowsy91 The only way is to make tax law simpler; They would pay less in lawyers and thus it would be more worth to actually pay taxes in the US. Like you said, no law can outsmart 300 million people
1% own over 40% of the wealth, therefore we need to give the rich a huge tax break. Flawless Republican logic...
"If I can't have the money, and my friends also can't have the money, then no one deserves to have the money".
attempts to propose that maybe the money should be distributed more evenly are instantly labeled as hardcore fanatical socialists.
And poor people will vote for it on the incredible off-chance that they become rich. So incredibly stupid xD
@@Ch4pp13 just like the top 1% already pay almost 40% of all income tax when is it gonna be enough for u? When it reaches 100% and all companies and rich leave the country?
@@joseastiz1775 That's only because the top 1% earns more than half of the total income. Also no rich person pays 40%. They have expensive sleazy lawyers and accountants and lots of tax writeoffs.
Oh boy. I think John needs to redo this one so he can cover how Amazon, Activision Blizzard, and I think at least a couple others don't pay zero tax - they pay negative tax.
Probably a few different angles to work a Acti-Blizzard story from these days :@
Oh yeah, then Microsoft bought them. Wtf xD
@Michael Cromer It's been a long time, but there's some tax loophole in the code that was abused heavily to get to zero taxes paid and then also get a tax rebate on top of that, thus functionally getting paid by the government for existing. The video's probably still on Jim Sterling's channel.
@Michael Cromer The same thing happens for us in the UK as well. Rockstar, as one example, gets PAID to make billions because certain "industries" get tax cuts AND grants for simply being there. A lot of the murican cancer seeps into the rest of the world as old farts in suits learn new and exciting methods to perpetuate and increase inequality.
That pirate comment is the best thing I've ever seen. Look at that guys face when he said it.
He seemed mad like a pirate. I'm surprised the other guy didn't have to walk the plank for this.
Just look at his mad eyes.
If that happened to me, I'd just walk out
Cue the Curb your Enthusiasm theme
It was amazing, and it's even better that someone with your profile name and picture pointed it out.
I live in Belgium and every Monday I wait for this guy to appear on TH-cam to share my breakfast with 😏
hahah greetings from Netherlands, I do the same :D
same !!! 🇧🇪
Torben ik ook 😬
VectoriaDesigns greetings and well wishes from Olympia Washington
VectoriaDesigns Same 🇧🇷, although here it is over dinner.
I haven't done my taxes yet and my name is Anthony. That got specific.
they know all about you. data collection and data selling Isreal.
You’re going to jail Anthony 🤣
You sholda been high then...
Did Americans really believe that electing a rich business man would be the right way to tax rich businessmen?
Some did, yes. Others voted him for other reasons...
Kain Vanagandr
Those ones are idiots.
The others are either
1. Also idiots, for thinking he’d improve the economy/their financial situation in some OTHER way.
2. Assholes. Cause they’re bigots.
@@pokemagetech In every case, they're ignorant
Alezarde
Uh- yes. Not of everything, but still of something major.
I have yet even to see any significant evidence, outside of his own promotion, that he really is a businessman. Con artist maybe, and playing with house money due to his rich dad, but until we can see his tax returns (which may happen eventually, but I'm not holding my breath) how can we really know if he understands any part of business other than how to rip people off?
Its kinda weird when you pay more income taxes flipping burgers than a multi billion $ company does.
"But the rich took all the risks in making the business! Won't someone think of the poor millionaires!"
To be fair, the individuals within the company pay more taxes than a burger flipper, the corporate entity doesn't however.
@@tomralph8540 To be equaly fair: Fuck that noise.
Blind worship of 'Profit' has left America as a plague house, where we are going to lose MILLIONS of people because these people refused to do anything, and had to be compelled to do too little too late by a president who wanted to pretend it would all go away.
America's oligarchs have been tested. They are found wanting.
@@sethbritton6970 so he makes a fair point and your response is "fuck that noise". Way to be open minded.
@@rohansampat1995 I am very openminded. It does not however blind me to the fact that our rulers are more concerned with their ample purses than governance.
As of this writing, we have lost more people to this plague than all of World War 1.
Deaths that could have been easily avoided.
But America failed. Our rulers *failed*.
But they made damn sure they got paid the lionshare of emergency relief funding.
I'm not impressed.
Are you?
This channel made me love Mondays.
duchesswannabe 😂😂🙌 i swear! It helps alot
Yeah it feels good go be uninformed.
duchesswannabe same
You must be fun at parties...
but seriously, take your insanity somewhere else please.
It's called "fury monday" in my household :P
One of my professors has informed us that we should grow up to be corporations. They get far more benefits than good people. He's got a point!
corporations are people, they have the same rights as you and me. we need to remove this right from them so they cannot be recognized as a person anymore.
Then your professor is pretty smart, We all could easily go back to a way of living that would put us all equally in the same boat...Corporations make/sell things we WANT, or else they make no product... if we do not buy their product and do not consume it, then the corporationsmake no money, hence, they are as broke as we are! So, if you really want to do something about corporatios , it is simple:
Grow your own food, and eat ONLY what you grow,
Make your own clothing, bed linens, towels, washcloths,and bedspreads, etc.
Do not own or purchase ANY electronics at all( radios, tvs, cell phones, curling irons, flat irons, ) nor any electric appliances ( microwaves, electric or gas stoves, refrigerators air conditioners, cars, trucks, elecrtric coffee pots etc.) Utilize mules, horses or walking to get where u need to go!
basically draw your water from a well, or a spring, or retrieve it from a creeek to use for washing yourself and your laundry, and for cooking and preparing food on your wood cookstove or campfire, which ever you have chosen to use.
And last but not least, if you want meat to eat, you have to purchase cattle, chickens, and any other meats you want to raise and consume( rabbit, snake, possum, etc).. once you have set up your home and garden and pasture land, you will be set. Warning though: Be ready for lots of hard work, no time to play, or visit friends or go shopping... because in order to maintain the lifestyle you would be living, you will be cooking breakfast about 4:00 am, and by the time your animals are fed and taken care of it will be time to cook dinner, and them any laundry, clothes making repairs, etc . can be done until time to cook supper, then by the time u draw and haul water, heat it up to wash up dishes, it is probabaly bath and bedtime, around 9:00 pm...... and that is a mild day in the life!
Yeah, except they're people who don't go to jail when they kill people, and don't have to pay taxes if they relocate overseas (actual PEOPLE Americans still pay taxes when they live/work overseas). They have tons of rights that living people don't have. They're basically sociopaths that have zero accountability for anything they do.
I came here to say exactly this!
I'm going to incorporate as a Limited Liability Person
Yep, who knew electing a controversial businessman as a president would create laws and loopholes that would benefit more on mega sized companies.
I didn't! Surprised Pikachi Face
Not people who'd spend hundreds of dollars on magic beans.
what I'm trying to figure out is, sure Hillary Clinton symbolizes everything that is the 1% billionaire establishment and corporations, but many voters don't think Donald Trump - who is purportedly of the 1% billionaire establishment who owns and has shares in many corporations is somehow better than Hillary?
It's been said that less voter turn out benefits Republicans, but in reality it's all a sham when you consider what is always on offer from both the parties all the time.
Bernie or bust.
Absolutely no one predicted this. This is truly an unprecedented turn of events.
Said no one who actually knows what's actually going on.
Your comment sure aged well, didn’t it? 😀
First time in 10 years I couldn't claim my food cell phone medicine anything work related out here as a truck driver and I owe 1972 to the Federal government so Trump's tax is a sham
Damn brother.. sorry to hear that..trump's a well known sham!
My BIL is an owner-operator, so he's in the same boat. But hey, tax forgiveness for the rich, an even bigger military, and more cuts to SNAP and WIC and Medicare and Medicaid and NIH and...wow, we live in a great country, huh?
Just leaving you a comment so you can come back here now that we know you paid more than twice what the President paid.
Trump was well known con-artist before he became a President.
As a accountant, this is so cool to see John Oliver do a piece on this. My tax professor would love to see this.
Matt Hayes Send him/her a link.
People often use "my professor" to mean "a professor I had in school". It's a colloquial thing.
what's with the triple parentheses bro
Shawn T You are if you’re both working and going for Masters or PHD. You waste of a human.
Mmm... burn. He deserved it tho' condescending dick.
Can I stash my minimum wage overseas?
Here's an easy guide to know who can do what:
"Oh, you make millions every year and don't wanna pay taxes? We won't stop you for putting it somewhere else."
"Oh, you barely make enough money to survive? Fuck you."
LMFAO
There should be some company or website that does this automatically for you, I bet it would be the next multi-billion company. If anyone complaints then use big companies as your defense :)
zerpBot You would probably need special licensing, probably have to spend more than you will ever earn on legal fees just to have yourself designated the same way these big companies are, that's how they get away with it. Just a guess.
Yes I'm Irish too so low to no tax rates!!! As long as your a multi national company
It's stuff like this that brings me back to Jon Stewart's time at the Daily Show when he talked about "class warfare" where all these millionaires and billionaires on Fox News made a stink about possibly paying more in taxes. They called the working poor the "moocher class" and the top 1% of earners the "productive class", they talked about how the poor aren't actually poor because many of them own a refrigerator or a microwave, how billionaires like Warren Buffet and Bill Gates who publicly say they should be taxed more to shut up and somehow socialist, and then when the sequester went on without the big tax raises on those making $650k or more that Obama wanted they blamed him for the funding deficit.
Conservatives, amirite? Not actual conservatives like Eisenhower or Nixon though, I mean the neocons and paleocons like every Republican since Newt Gingrich ran for the House.
If anyone wants to see the Class Warfare bit:
Pt1: th-cam.com/video/-t6dEC34hf8/w-d-xo.html
Pt2: th-cam.com/video/gj1DVouGCrw/w-d-xo.html
I'm positively surprised you added the links to the clips. Not enough people do that.
I was about to do that for you before I clicked on "show more" - so *thumbsup*
Those links are down.....😭😭😭
Excellent comment!
Nuance....while making a point.
And providing links for context.
Everything about your comment is rare....but shouldn't be. Well done! Seriously. :)
Okay-I, for one, thought that "Panama Scoot" joke was hilarious.
I like paying more taxes than extremely profitable companies so that I can get no universal health care or an affordable education. Yeet.
Nolls Nook I FUCKING KNOW RIGHT!?
If you want those things, your taxes will only be worse. Just suck it up.
Patrick Harris Idiot. The problem is how miserably low those large companies have to pay compares to individual citizens. Only the rich and fools hate universal health care plus equal education for everyone.
Patrick Harris
You are either super rich or super stupid, if you like the current system.
1. If big corporations and super rich people actually payed their taxes, that would be enough to pay for free college.
2. Universal healthcare would actually be a lot cheaper. You might have to pay a little more tax, but you would get your healthcare very cheap or free. Don't forget, even if you think you are super healthy, you can be wrong, it can change any time, and you are definitely be old some day. So you will need healthcare sooner or later.
3. I know that Trump pretends to be a dictator, but you still have some democracy left, use it to change the system. For example you can support the Justice Democrats.
4. If everything else fails, you can always move to Europe. Or Canada. Or Mexico, even they have universal healthcare.
Archaon The Everchosen Because nothing’s going to change anyway. The less you care, the happier you will be.
Being Dutch let me explain "our" role in this total scumbaggery.
The Netherlands has some seriously big multinationals. Think of Royal Dutch Shell or Unilever but there are a lot more. These companies are active pretty much everywhere on the planet. These companies used to generate a lot of tax revenue to the Dutch treasury because the Dutch government is quite unique in having negotiated tax treaties with just about every country on the planet. These allow all the profits made by Dutch multinationals to be transferred to the Netherlands without any taxation. Taxation happens in the Netherlands. That generated a lot of tax income and mainly f*cked over poorer countries. Therefore this was some "good old European policy".
However these tax treaties also allow money to be sent from the Netherlands to other countries. That is why just about every multinational on the planet now has a global or at least an European "headquarters" in the Netherlands. These are literally housed in buildings which contain thousands of mail addresses registered to them and accountants in offices which do the paperwork for a number of companies. The Dutch treasury takes a small percentage of all these huge transactions to some island and everything disappears to a tax heaven. Basically a few trillion dollars passes threw these "headquarters" ever year, and the Dutch treasury takes about €2 billion in taxes from it.
Now for the good news. This is starting to get very controversial over here, finally. Sadly we are once again stuck with an administration filled with a bunch of worthless, spineless sell-outs who think this is all fine. They are more interested in massive budget cuts, keeping income tax very high or calling poor people lazy. Fortunately for us and others around the world there is something called the European Union. The Germans and French, and basically all of Europe except the Netherlands, Ireland, Malta, Cyprus and Luxembourg, a.k.a the tax heavens, are actively pushing for this loophole to be closed. It will probably take a few more years, but it will be closed thanks to mainly French pressure and German support for this. If it is done right, and the EU tends to do things very thorough, it would largely collapse the entire system. This because it will become impossible to stash profits at a tax heaven without paying taxes for the transfer.
Also a Dutchman here. You'rew fairly accurate, but the EU is pretending to look for closing these loopholes while in reality, they're simply looking for ways to dip (and double-dip) into that sweet, sweet flow of money.
If they were really into closing those loopholes, well, they had at least four great opportunities to hit that shit in the head with a baseball bat over the last 15 years, but instead they put on silk gloves and asked the multinationals to wear a strawberry-flavored rubber so the European citizens might at least like the taste of getting rammed.
you dont swear to god. you pray to god or you swear by god.
Man, your optimism is refreshing but really, fiscal harmonization has been a topic for yeaaars, nothing changed, and there aren't specific reason why they would. We still need unanimity for anything to happen in this matter, and as with unfortunately almost every other topic each country is too caught on its own interest for lines to move.
Seriously, it's just the tip of the iceberg and the EU still to had to bring Ireland to court for them to reluctantly >>Accept
I know it has been different with the European Union, but this time they really seem to mean it. Remember that the European Union has only two ways of creating legislation. The first is through the European Commission proposal where all 28 commissioners are appointed by the EU member states. They are there because national governments appointed them to serve at least some national interest. The second route is a national government requesting legislation which is then created by the Commission. European Parliament can only say yes or no to legislation and I don't expect them to be against a very pro European law. In general the EP tends to be far more on the side of normal people than some national parliaments.
Now it seems that the French will be pushing the second route to get there national interests, fair taxation on multinationals to help the struggling French economy. Because financial legislation has to pass with unanimity of all member states there needs to be given something in return. That will be the French there problem. They want minimum tariffs on multinationals per country and the end of tax routes, so they got to present something in return.
That is the game being played right now. Germany on this aspect is on the French side, so it will happen at some point. Once the Netherlands flips because "we" got enough, the rest will be seduced or if necessary bullied into submission.
Coming from a German, we have been against these tax loopholes for years. And while, for the longest time, we've only frowned upon them, ever since the EU became prominent in every day life, both, politicians and normal people have been pushing and pushing for those loopholes to be closed. I currently live in France, and there is a very similar atmosphere here, mainly because the French are very self-sustained and proud of their local products and want to protect their small farms and factories. However, just two countries alone, however powerful they might be, can do very little and we do need support from other European Countries.
"The government is taking 40% of my taxes" actually they're taking all your taxes because THAT'S WHAT TAXES ARE
She should have put more emphasis on the 40% part lol
@Julie W. She's clearly very stupid, doesn't think much about anything and blabber about it like she's the be all and end all of the matter. Can't rap either.
@@nikityshka666 Wow, where did that come from?
I can't wait until her body winds up somewhere. What a dumb hole.
@@bryanr9082 Whoa dude chill. Murder and objectification? The audience of this show is supposed to be intelligent, take a good Liam Neeson and think about what you actually just said
U gotta love this bloke! He speaks the truth and u learn something every episode. Good on ya Johnny Oliver! Bloody keep it up!
what the hell
@Asim Malik hey bud. Get some sleep.
I'm happy they put Apple on blast. Too many Americans praise this company while simultaneously denouncing the kind of behavior Apple conducts in.
I know right?!
Apple has never gotten a single cent from me.
And Amazon. That shits ridiculous.
I see Prime Rewards in every game now too, as if they need more fucking money xD they should give them free to everyone until the start paying taxes, atleast haha
@@rickc2102 do you use an Android phone? if so you've contributed to the same thing Apple does. literally mentioned in this video lol
"Taxes, essentially the government's go fund me page"- John Oliver. Literally the most accurate statement to ever me spoken...
Except for the part where taxes are mandatory and GoFundMe is 100% voluntary
Ok second most accurate statement of all time.
be*
"It would be like pirate heaven" and the guy with the eye patch had to stop himself from smirking! You saw it didn't you?!
Dudes wearing an eye patch. he knows, he knows.
Me: Mum, can we have John Oliver
Mum: We have John Oliver at home
John Oliver at home: Steve Mnuchin
@Asim Malik DONT you fucking dare use timhortons good name to promote whatever the hell you're trying to promote, as your tags directly block the read more button.
it's funny how any of the middle class or poor folk thought a billionaire as president would care about them :)
Kathka "billionaire"
In Brazil, we put a "humble" syndicalist worker in charge and he and his successor RAPED the country's economy.
no he doesn't Salt and learn to spell
Actually not funny at all, but TRAGIC that he managed to fool so many despite all the signs he would do just that. He has always operated based on lies and deception.
What's really funny is that a dickhead like yourself is alive
Does anyone else think, the reason for this video not being in the trending section is cause he's called out Google as one of the companies in the video??
A R most likely corporations are pure cancer
A R possibly, every other last week tonight trends all the time and this issue affects everyone and most republicans and democrats can agree to close these loopholes
Oh yeah
Dovakin Brown I agree with the point that this issue is non-partisan. But what I found interesting is that almost every week LWT videos end up on the trending list on TH-cam, but interestingly it's not so this week. It maybe an overshot, but I felt it maybe cause they called out Google for their tax policies in the video..
that is suspicious AF
11:12 Just noticed that John Oliver and Steve Mnuchin are sporting the EXACT same look.
Great show as always!
Google, Amazon, Apple, Facebook etc. in Germany pay merely 0.005% in taxes. That’s 50 bucks of every million they make. It works like Amazon Germany pays almost all of the profits made in Germany to Amazon Luxemburg (where they have a desk) just royalty for using the name Amazon. From Luxemburg it then goes to the Netherlands where they save on an other tax (forgot which it was). Then it’s sent to Ireland before it goes to the Caymans or wherever...
Don't forget Starbucks, who pay literally nothing and, indeed, are getting tax refunds. Every single dime they earn in Germany gets payed to Starbucks in the Netherlands as licensing fees for using the name "Starbucks", so there is nothing for Germany to tax. But money made from licensing is exempt from taxes in the Netherlands, so they are paying barely anything over there either.
John Oliver makes me both depressed and happy simultaneously.
John Oliver is the type of guy to close his fridge with his hips
suavè I don't know what you mean but it was funny anyway.
While drinking straight from the carton like a boss.
derogatory or compliment? one reveals what a complete douche you are, the other gets you woke validation. ( ??? )
it's not that deep RIX, it's just a funny comment, chuckle at it and move on
suavè do you not?
7:00 I loved that joke. It tells the truth about so called "Swiss miracle"
“Bootleg Geraldo.” 😂😂😂
Well it may sound a bit odd but John Oliver is the Chandler of Late Night Show.Sarcasm mixed with jokes..No one delivers it better than him.He by far is one of the best late night show hosts.
I am CRYING WITH LAUGHTER regarding the segment about reading tRump's tweets and using CAPITAL LETTERS!!!!!
he probably thinks you need to tweet capital letters from the capital building.
Thats because you're an indoctrinated robot lacking any real self awareness
I was drinking water and i laughed so hard that i splashed it all over my laptop. Thankfully its water resistant.
Bullshit....I call that..
Why do I get the feeling that Cardi B rant doubled as a vocal warm-up?
I love how John Oliver's tie is the same as Steve Mnuchin's
I bet John Oliver would make a really cute parrot.
An otter would be better
Well you can see him as a toucan when Lion King comes out.
or Chipmunck
Zazu isn’t a parrot
bg4U :(
no Panama Scoot sounds like a type of dance
Sounds like a slang term for vagina to me.
Here I was thinking it was more like a milder form of "Montezuma's Revenge"
Sounds like something a dog with an itchy rear end would do.
It is the name of a specicies of meso-american land sharks
moiraine_damodred it sounds like a disgusting sex act
Gotta love how independent contractors, spanning a whole bunch of fields, pay taxes, including both employer and employee taxes, but gigantic companies can dodge away.
5:25 *Curb Your Enthusiasm Begins Playing*
$5 billion in profits and $0 in taxes?
Meanwhile I make $50k and paid $10k in just federal taxes...
🤔🤔🤔 seems legit
No, you didn't.
First $10,400 is not taxed due to personal exemption and standard deduction.
After that, the next $9,325 is taxed at 10%. That's $932.50.
After that, the remaining $30,275 is taxed at 15%. That's 4,541.25.
That's a total of $5,473.75.
Even if we add in FICA taxes (which most don't consider federal) at a total of 7.65%, that only adds $3,825.
James Adams funny my W2 literally said "federal $10,XXX" but you work for the irs so I'll trust your word over my w2
James Adams if i did the math right.. thats pretty close to 10k
James Adams wait.. adding those two together is around 9,200 dollars which is around the poster's estimated 10k.
If it said federal $10k then you overpaid and will be getting a large refund. You should adjust your W4. Also if you're making that much you should really consider contributing to a 401(k) if available or maxing out an IRA as well as HSA if it is an option. That will lower your tax liability at the end of the day.
“the government’s gofundme page” pretty much hahahaha
sarah noel except you know GoFundMe is voluntary
sarah noel except the government puts a gun against your head to put 30 percent of your money in0l
QuickSilverD well I mean there are those people who don’t pay their taxes
QuickSilverD I think the point of the joke is the fact that the government is asking for money..
It isn't really "asking" for money. It is stealing it.
Aaaah, John Oliver, you have brought me many happy tears.
0:40 “they’re taking 40% of my taxes” no they’re taking all of your taxes
northwulfe oh I know, I just love her wording
TheNinthGeneration
I hate it, because it means she’s dumb.
And I like intelligence, and the pursuit of knowledge. (Be it for the sake of knowledge, to better oneself, or to help others.)
@@pokemagetech it means she made a mistake. Ever slip up and call a child the wrong name? Ask for the salt and get get handed the pepper? Try to buy a train ticket from a woman with a heaving bosom and instead of asking for "Two tickets to Pittsburgh," asking for two "Pickets to Tittsburgh?"
Yeah, me neither.
I think she probably misspoke and meant income
Steven Mnuchin looks like the President from Monsters vs. Aliens
Uriah Siner Have any record of a confrontation with Richard Painter ? That would be epic
Was that not the one, Colbert voiced? 😂😂😂
Jurasta Kaune Yup, it was. Which makes the comparison even more appropriately ironic, I say. 😆
Steven Colbert really let himself go.
Uriah Siner hahaha
Should I be sleeping since I have class tomorrow morning? Yes. Am I staying up to watch this? Also, yes. I’m a train wreck but it’s fine 😂
Alexander same
Same
Same
Taxes: basically the government's GoFundMe page....one of his best intro lines ever
More people need to watch this video. Thank you John Oliver
Wasn't taxes meant to be money for your own country so it can take a benefit for the welfare of your country ( like infrastructure, healthcare, education).
Then why do these so called patriots and nationalists (like Google, GM and Apple) avoid paying taxes?
It's just like you saying as a parent; I love my child but i don't want to spend any money for his/her education, clotches, or other things. I don't care that much.
If i even try to avoid taxes ( i pay 40,85% income taxes) the Gov. sees me as a criminal, but if a large company or very rich person ( like Queen Elizabeth, Bono, Bill Gates) avoid it then it is part of the job?!
F#*#king Hypocrites!!!! 😠
You're still struggling to understand what power is, aren't you?
Hey you can do what they’re doing it’s just that you can’t hire the worlds best tax lawyers
Welcome to the world my friend. There is a reason why they teach things like advanced algebra and other shit you don't need in school, but don't tell you anything about where your money is going and why if the rich are giving less than the poor. The system, from the schools, to heathcare, all the way to the economy, is corrupt and it won't be fixed any time some.
Smokin aces it's pretty patriotic and very American to avoid paying taxes it seems.
C Mistrinho yeah corruption is everywhere and always has been.
Sadly it can't be stopped.
It's human nature.
Cardi, I thought YOU made the money move. :P
TheHeroOfTomorrow yeah to her account with almost no real talent 😬
TheHeroOfTomorrow
Something, something, reference?
Joan of Arc Alter yeah her in her song bodak yellow she said :"I make money move"
Na. She makes money moves.
So naturally since she's out there moving money she's not for having the government take her money. But since they're are gonna and she has to pay those taxes since she ain't tryin to get Wesley Sniped. So naturally she wants to know where the fuck is the money going.
Look around man...Flint's been having poisoned water for 4 years...Puerto Rico is still struggling...we still have families struggling in poverty...
But na... we'll launch multi-million dollar missiles at Syria...
TheHeroOfTomorrow lol.
5yrs later and i still think this episode has some of his best jokes
Steve Mnuchin looks like John if his mother were a muppet.
That made me LOL. Thanks.
"Indoor thought" lmfao 😆
Cardi be like "Government taking 40% of my tax money"
um, don't they take 100% of your tax money?
To be fair they do give a lot of it back.
Holy shit I love this man! The opera bit was totally something I would imagine the ultra rich acting about not paying taxes, but seeing it in real life is something I'd never dream of actually seeing lmfao.
The pirate comment was verbal gold!
I probably shouldn't have been smoking weed when that pirate joke hit. I'm absolutely DEAD 💀💀😂😂
TONY TONE
Same thing just happened to me lol
wow ur so cool everyone had to know u smoke up
Actually, Wino, I would argue that "ur" much cooler than those braggy, show-off, pot heads! I mean, YOU just watched a comedy show, and in the little digital space below the video, set aside for extra smart ladies just like yourself, is a spot for everyone to comment on what they just watched, and call each other trolls or butthurt. Or an SMH (I don't know what an SMH is, but it sounds bad, right?) So while Tony Tone and Love is Dope just HAD to make sure the whole world knew how "fresh," and "with it," they were by toking their cannabis cigarettes, they continued to flush their lives down the devil's drain and into Satan's septic tank. But YOU? Winy? Well, you just kept cool and commented on the world wide web comedy video. Because that's why this space for commenting is even here. For commenting. YOU lead by example - through your actions - not words. "I'll leave the weed and the words and the friends to those two squares," YOU said to yourself. "So what if they try to come off as humorous by trying to tell the world that I broke the law just so they could get a worthless piece of internet fame," you said humorously to your computer phone web screen. They may have attacked you personally - or "trolled" you - but did you take the bait? Like an un-hungry fish who knows what underwater lines in the sand not to cross, you did not, I'm proud to say. I wish I could just snap my fingers and make it so every single person on this 'net was like you and me. Just a couple of respectful and neat-o pals surfin' this crazy web of waves, trolling like you're supposed to: for comedy videos in those very waves below. Keep your chin up, Winona. Oh, also, those other two comments before mine? About the free, naked, web sex? Hit me back if yous into that shit playa...looks legit...
Daniel C. Harkins Jr. trolling is lost on a troll, that's Y i don't bother
high or not, that shit was FUNNY!!!!!!!!
Yet ironically the average American will pay high taxes but vote for people who will raise taxes on them and give a break to those who don't need it....
Because americans are temporarily inconvenienced 1%ers and they want to have their tax breaks waiting for them when they inevitably get there
lol, LordTalron, the jokes on them then, less than .01% of Americans will actually get there.
Warlock, if our taxes went to things like universal health care, free public college, and more of it went to better education, infrastructure, reinforcing our safety nets, etc, then I'd be HAPPY to write my check to the US government.
Joshua Perkings Or, you know . . . less than half of Americans.
Cause most are blinded by the them
This is literally the episode that made me become aware of Cardi B. I feel the knowledge from this informative episode but the penalty of seeing her, not knowing who she was, Googling her, and feeling bad about myself, is not an equivalent exchange.
Shut up
0:36 "taking 40% of my tax money"
I don't what she's bitching about. Sounds like a pretty sweet return.
The "put money here. I like money" Bucket already exists. Only, Apple calls it Apple products
My favorite is the iShit! ...That is, a toilet with an Apple sticker on it. You almost can't see it 'cause it's white, so I'm not sure if whoever moved into my old apartment knows it's there or not...
they were trying to fix the holes and trump gave them a comfortable, larger new one, with no holes
John: "Steve Mnuchin: Treasure Secretary and objectively looking man."
Me: _"I see no bias, none at all."_
"this guys a California 10, a smoke show." -John Oliver
"[He's a] certifiable handful of man-candy..." -John Oliver
I am dutch and I am ashamed to live in a corporate tax haven
5:04 never thought id see an image containing my current location, high school, elementary school and university on tv
Wait.. I have HBO now. Why am I here?
Blasty BBS hahaha 😂
To get attention obviously.......
TH-cam comment shitposts. You're here for the shitposts.
That comment gave me a boner.... I'm impotent.
THANK YOU.
Blasty BBS so that you can read comments lol
I'm a teacher. Could someone explain to me how Trump is helping us? I can no longer write off classroom expenses on my taxes, yet I still have to buy classroom supplies, so I'm actually out more money now. Since January alone, I've spent at least $100 on small yet necessary things like paper and pencils.
You can deduct educator expenses (up to $250) on line 23 of form 1040. That was not removed from the tax code... they talked about it but a lot of teachers' unions offered their opinion on that part of the law and it stayed in place. If you have expenses that exceed that $250, I would put those on Schedule A line 17. That type of expense would qualify as a charitable expense. Of course, it only works if your able to itemize your deductions.
It's depressing that the issue is tax write-offs and not that teachers are needing to buy supplies for their classrooms..
lexie You are just a liar. Anyone can see what you watch. Very childish shit. Furthermore Zero teachers are going to risk their job commenting on YT or have the attention seeking need you have. Grow up.
@Tyiff Pejic Yeah, I don't like that I have to use a portion of my paycheck to buy pencils and paper (weekly, might I add, because elementary schoolers can't hold onto anything for more than a few days), but it's honestly just something one comes to accept about the job. If my students need something, and their parents and the school can't provide it, then I have to because I want them to be successful.
@mbatson13 Ah thanks! I did not know this. I do hold onto my receipts when I buy classroom supplies on the off chance the district can reimburse me, so that helps. My paycheck is small enough as it is!
God, this show keeps it real.
Was just relaxing looking at my phone when someone screamed BORDER WALL and HAPPY EASTER. Made me jump xD
What is super frustrating here, is that US citizens have to pay taxes on all income that they acquire everywhere. True, there are credits given for paying foreign taxes, but only if you’ve not resided in the USA for 329 days in a 12-month period.
Yes, if you as an individual fly over to say Germany, and get a short-term job, work half the year, pay your German taxes and then return to the USA, you have to pay full US taxes on that income as well.
Meanwhile, apparently, a corporation doesn’t have to give a fuck about how much money it makes overseas until it returns it to the United States…
Oh, did I mention that if your parent is a US citizen, you acquire citizenship automatically, and that since there is a lengthy and demanding process to renounce your US citizenship, there are people who suddenly find out at age 20 or so that they’ve been US citizens all along, and have to now file all their back taxes, before being even allowed to consider renouncing their citizenship? And that renunciation apparently (according to my sister) costs about $2,000… “Oh hi, Johan. I hear you found out that despite never having set foot in the United States, you’re now technically a US citizen. Now, before we’re going to allow you to say, ’no, I’m fucking not.’ We’re going to require you to settle your tax bill on all the income that has never once been subject to US jurisdiction before, and then pay us a tidy sum just for the privilege.”
Your comment is the best John Oliver impression I've read, kudos
puellanivis thats just fucked up, theres people that dont want to be americans and pay taxes? Jk lol but seriously thats fucked
And that doesn't even get into FATCA and FBAR filings. In Germany at least, FATCA has left americans unable to invest in anything beyond a savings account (with 0 interest) or crap retirement annuity (with almost no interest). Meanwhile, if you have savings or foreign account balances totally 10k or more (combined) and you don't file your FBAR? they can fine you 50% of your holdings. Yep. all to catch all the "crooked" "tax evading" individuals who MOVED to other countries and try to have a normal life.. I caught up on my taxes last year as I do plan to renounce my citizenship as soon as I'm eligible to become German. I honestly feel like my financial security demands that I leave my US "person" status behind, as not being able to invest is a financial death sentence.
So, having just looked up FATCA and FBAR… FBAR requires every US citizen to declare all of their foreign financial accounts if their total holdings outside of the USA is over $10k at any point in the year.
And since the USA obviously ran into trouble with people reporting this stuff voluntarily, they passed FATCA, which requires the _foreign banks_ to collect that data for them, and hand it over to US authorities. And if they fail to do so, what happens? Well, the USA may sieze money as a withholding towards any potential tax liabilities of their clients but _from the foreign bank itself_. How can they do this? Well, to quote this adorable video from MoFreedomFoundation, “15 fucking aircraft carriers, that’s how.” th-cam.com/video/Y-EVF7CZt_w/w-d-xo.html
Seriously, I came here to drop a mindblow on some people about how draconian US tax law is against natural persons as opposed to businesses, and I get _my_ mind blown…
I mean, just when you thought US taxation of citizens overseas couldn’t any more fucked up…
stop making me look at Steve Mnuchin
Sam Castevens Stop looking like his wife!!!!!
Whoo I can finally watch these.
John Stossel. Pirate Heaven. LMAO.
Can I put my profits overseas to avoid paying taxes? No? Oh thats right the working class has to pay for the rich to get richer. Makes perfect sense.
make your own corporation.
Shadow Banned why don't you? Oh that's right. Starting a business is nearly impossible when you have oligarchs working together to devour the small fries.
I can't afford to go on a bank holiday.
you need a lot of starting money to run such scam. but i'm sure you can make it if you work 24/7. You just need to put hard work. keep on dreaming!
Just be born rich, duh
Shadow Banned So easy, wow, why don't you have one? right...
when you yell " BORDER WALL" i almost drop my ipad 😂😂😂😂😂
Andrae Williams 😊😂😂 he startled me first time he yelled “ BORDER WALL”!!!!! Than i rewatched that part many times laughing in pure delight 😂😂😂 keeping my iPad in a firm grip. I like your comment I think you are funny 😄 and I love James Oliver
JawohlMan I don’t work for Apple but i love Apple products. Big love. It’s my preference . If you don’t like them let’s agree to disagree . I’m sure your gadgets are cool and work for you. I’m very pleased with mine. Oh what tablet do you use? What do you like most about it? People’s preferences are interesting. Ok bye now
I almost burst out laughing in the quiet part of my university library. 😂😂😂
HAPPY EASTER to one and all.
+mihaela huban
and i like how matured-ly you are taking it and are rather calm at the critics or trolls in here.
and though i'm just watching it on m modest computer (but with headsets) I too was startled!
about Apple products/ iPads.. i'll let that tiff rest.
personally am past my age of gizmo porn adulation and settle for value (with aesthetics) over style or opulence. but iPads (and most of their security systems on such devices) are nice, fairly useful product.
That "Anthony" bit hit me right in the feels.....
Then these companies complain about an "unqualified workforce," and workers get penalized for being late when the trains break down.
It left me WHEEZING how John said Mnuchin was a "California Ten" xD You gotta love the man :D
I thoroughly look forward to these and I'm very sad on the weeks the show doesn't air it's crazy how much I've grown fond of this show!
“The government is taking 40% of my taxes”
Is it weird that the government is almost inefficient enough to make this true?
That pie chart at 1:24 can't be right.
How are social security and health insurance the 2 biggest areas in a country in which none of these things exist???
This just in: Welfare payments to absurdly wealthy corporations outstrip all such payments to the public... and have for decades. Loopholes the size of supertankers to blame. More at eleven. : (
Lol, and with that display pic, you're practically a bonafide news channel
Yeah no. Welfare payments in the form of social security, medicair, medicaid... just make welfare for companies look ridiculoulsy small. Besides, stealing less of sb s money isn t given them welfare. They earned that money.
Right...but welfare corporations employee people. So despite their disgusting ability to avoid taxes, they create jobs for Americans.....I paid off my mortage with a job I had with a large Corporation.
They earned that money but they as the citizens that you made them need to pay their fair share in taxes. Which they're not, therefore they're criminals or should we all just stop paying taxes cause we made it, yeah your little anarchist dream is retarded, in the real world we need taxes and it was something even ppl from 200 years ago knew right along w/ the founding fathers. Getting tired of you idiots.
Considering the huge amounts of money they earn, paying their workers for their work as you should cause work isn't free isn't an excuse not to pay your taxes, pls use logic.
Once again John Oliver is talking about issues that matter thanks again John
The magnets on the fridge at 8:13 reads “Redrum”
Hearing of these tax avoision (thanks The Simpsons) strategies makes my blood boil. Human greed seems to know no bounds.
I'm a simple Dutchie. When my country gets mentioned, I upvote.
Also simple is filing your Dutch taxes which takes all of 3 minutes to do.
What country are you talking about? I don't see Dutchland on the map.
r/sarcasm
everything for attention.
Tim Cook looks like a 10-year-old boy dressed up as an adult man.
hash tim cook is my uncles name and i get confused when i hear it here
So Vincent from BoJack?
Tom Crook LoL
You mean Tim Apple?
Like 3 kids in a trenchcoat
*it was the jeeewwwwws* cracked me up too much
Ahhh loved the Musical joke you put in there!
Ha! Jokes on you John! I'm a college student with basically no property, no real exemptions to speak of, and who paid a whopping thirty-five dollars in taxes this year, so it took me all of 45 minutes to get my taxes done!
Same, of course I have no money so that's the downside.
We just have to pay tuition instead...
TheJrbdog At least it's less paperwork. Granted, there's the FAFSA and all the other financial aid applications we have to fill out so that we're only crippled by debt for ten years, instead of twenty, which is probably more work than taxes.
TENS OF THOUSANDS OF DOLLARS IN DEBT > having to do your taxes
what the fuck have we come to? lol
I wonder if he really made that Double Irish with a Dutch Sandwich. I mean REALLY made it.
Did anyone hear "play along, play along" 😂
Holy shit, some of the riffs in this piece are SO GOOD. Laughing my asshole off.
"Helping the folks that like me best!"
Well, at least he didn't lie on that topic since the guy that likes Trump best is.... Trump.
I live in India and I rush to see John's videos after school!!
Thanks for doing a public service with every "Last Week..." I enjoy every second of it, it's both entertaining and enlightening.
What... no his liberal propaganda is hilarious
@@pranithgeddapu3432 aww yes, calling something you don’t like “propaganda”, good old deflections tactics I see
im literally half way through the video when i realized that its actually April 15 today. I just looked up lastweektonight and clicked a random one