Comments by "justgivemethetruth" (@justgivemethetruth) on "Biden Officially Announces 2020 Run" video.
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READ THIS ..... One problem here is that I have not yet heard even one person acknowledge the significance that Biden is a Senator from Delaware .... DELAWARE.
Delaware is like the original Grand Camens of tax shelters for corporations. Look at some of the largest corporations and you will see that wherever they really are they are "Delaware Corporations". Delaware was, I think, the first state to allow corporations to incorporate there and pay low taxes in order to avoid taxes from other states.
Biden is the original corporatist. He has done nothing to vote to protect and support corporations, period.
Check this out from Wikipedia:
The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute governing corporate law in the U.S. state of Delaware.[1] It has been the most important jurisdiction in United States corporate law since the early 20th century. Over 50% of publicly traded corporations in the United States and 60% of the Fortune 500 are incorporated in the state.[2]
Delaware adopted on March 10, 1899, a general incorporation act aimed at attracting more businesses. The group that pushed for this legislation intended to establish a corporation that would sell services to other businesses incorporating in Delaware.[4] Before the rise of general incorporation acts, forming a corporation required a special act of the state legislature. General incorporation allowed anyone to form a corporation by simply raising money and filing articles of incorporation with the state's Secretary of State.
Delaware charges no income tax on corporations not operating within the state, so taking advantage of Delaware's other benefits does not result in taxation.[23] At the same time, Delaware has a particularly aggressive tax on banks that locate in the state. However, in general, the state is viewed as a positive location for corporate tax purposes because favorable laws of incorporation allow companies to minimize corporate expenditures (achieved through legal standardization of corporate legal processes), creating a nucleus in Delaware with operating companies often in other states.[24]
In February 2013, Economist published an article on tax-friendly jurisdictions, commenting that Delaware stood for " Dollars and Euros Laundered And Washed At Reasonable Expense ".
No income tax and lots of Banks. That is where Biden lives.
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