Capitol Fax.com - Your Illinois News Radar » Inversion and off-shoring explained in just a few words
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Inversion and off-shoring explained in just a few words

Wednesday, Aug 27, 2014

* There’s much, much more to this Matt Levine piece in Bloomberg, so you should really read the whole thing. But this’ll do for now

For instance, if you are a drug company, it costs you like a dollar to make a pill, and you sell it in the U.S. for $10,000. You might say, “well OK then I have $9,999 of net income in the U.S.,” but again you are being naive. The right answer is:

    * Your U.S. subsidiary makes a pill for $1.
    * Your U.S. subsidiary licenses the patent on that pill from your Bermuda subsidiary for $9,995.
    * Your U.S. subsidiary sells the pill for $10,000.
    * Your U.S. subsidiary has $4 of net income, which is taxable.
    * Your Bermuda subsidiary has $9,995 of net income, which is not.

It’s more complicated than that, but that’s the general idea. If the parent company is a U.S. company, then eventually that Bermuda sub’s net income will be taxable in the U.S. anyway. But if the parent company is Canadian or Dutch or Swiss or whatever, then the Bermuda sub’s income will never be taxed [by the US].

Again, go read the whole thing.

- Posted by Rich Miller        

35 Comments
  1. - PublicServant - Wednesday, Aug 27, 14 @ 9:07 am:

    Just in case you don’t know how to pronounce “inversion”, that would be “Tax Dodging” and is unAmerican. It also affects every American who is left to pay for everything.


  2. - OneMan - Wednesday, Aug 27, 14 @ 9:11 am:

    Also I had heard the Canadian regulators would not have allowed the merger if Tim Horton’s Corporate left Canada.

    They are like everywhere in Canada, you drive through a small town in Ontario, there is a Tim Hortons.


  3. - VanillaMan - Wednesday, Aug 27, 14 @ 9:12 am:

    Fix it.
    You won’t fix it by calling them names or claiming they are unpatriotic. Playing politics with it makes the whole thing worse because it lessens the importance of the issue.

    Fix it.
    The taxes are too high, so we get nothing.
    Lower the taxes to keep them here, and get something.

    Fix it. Don’t demagogue it.


  4. - Concerned - Wednesday, Aug 27, 14 @ 9:14 am:

    Timmy’s (as it is known in my home country of Canada)is fabulous. They can teach the BK Lounge folks a thing or two about service, freshness and service (yes, I said service twice–visit a Tim Horton’s and you will understand why).


  5. - Team Sleep - Wednesday, Aug 27, 14 @ 9:18 am:

    Public Servant -

    Tax dodging is illegal. Inversion is not. You are implying that such companies are committing felonious acts. Care to elaborate?


  6. - OneMan - Wednesday, Aug 27, 14 @ 9:19 am:

    Concerned — True that about the service…


  7. - Team Sleep - Wednesday, Aug 27, 14 @ 9:20 am:

    I was going to put something on Facebook after reading about the BK-Horton’s merger, but that is not really the place to have an intelligent discussion about taxation matters.

    President Obama, Majority Leader Reid and Speaker Pelosi had COMPLETE control of D.C. for two entire years (or one Congress). During that time, little-to-nothing was done to address not only this matter but also taxation in general. They had ample time during President Obama’s first year in office to tackle tax issues, and they could have used their own “lame duck” period during November and December of 2010 to work on a solution. Nothing happened. Now it is a big issue. Hmm. I wonder why?!


  8. - Ben - Wednesday, Aug 27, 14 @ 9:24 am:

    Inversions are done because US taxes ALL of a companies world wide revenue. All other countries simply tax the revenue that is made in that specific country. It is taxed, just not double taxed.


  9. - Nonplussed - Wednesday, Aug 27, 14 @ 9:24 am:

    How abut a “Double Irish with a Dutch Sandwich”? Not for the BK deal, but has anyone looked to see if Rauner’s firms benefitted from this to pay no US tax.

    http://www.nytimes.com/interactive/2012/04/28/business/Double-Irish-With-A-Dutch-Sandwich.html?_r=0


  10. - Ben - Wednesday, Aug 27, 14 @ 9:27 am:

    BK’s majority owner is a Brazil hedge fund so it is not a real US company anyway.http://en.wikipedia.org/wiki/3G_Capital


  11. - Grandson of Man - Wednesday, Aug 27, 14 @ 9:30 am:

    I read the article but am a bit confused about something that seems contradictory in it. Does the US pay its share of taxes upon incorporating in another country (e.g. 35% US tax rate=20% in US and 15% in Canada), or once the company incorporates in another country, does it eventually just pay the tax rate in another country and not the US share?


  12. - walker - Wednesday, Aug 27, 14 @ 9:30 am:

    Yes. And this is only one way to use Bermuda, Cayman, and other foreign jurisdictions and legal structures to avoid payment of what we all would agree are fair, or even minimal, US taxes — for companies who grew based primarily upon the US consumer economy, security, infrastructure, education, and legal systems all provided by the US taxpayers.

    The Cayman Islands Navy ain’t protecting our shores.

    So much for the campaign-driven arguments we have seen that “US earnings are all eventually taxed by the US anyway.” Plain false.

    That is why offshoring of both jobs and tax liability is Rauner’s Achilles heel. He set up a company to advise other companies how to do both.

    And to reiterate, I have known highly successful individuals and major corporate leaders who have chosen not to take some of these steps, because they would be harmful to their real home-base country and its economy, and therefore to their own companies, in the long term.

    This is not an unreasonable expectation by which to judge someone’s actions and values, when they are running for public office.


  13. - Anonymous - Wednesday, Aug 27, 14 @ 9:34 am:

    burmuda shorts america


  14. - wordslinger - Wednesday, Aug 27, 14 @ 9:35 am:

    Fix it? What makes you think it’s broken? It’s working just the way it was designed to, just not for regular schmucks.

    Who do you think writes the four-million-word tax code? Eagles Scouts? Corporate interests, their highly paid lobsters and their lackeys in Congress.

    Before you start chanting the mantra “fiduciary responsibility,” check out the p.r. of the crews pulling these scams. It’s all about “commitment to the community” this, “good corporate citizen” that. And it’s all spin.

    If you can’t spot the chump the first time the deal goes round, you’re it.


  15. - Mason born - Wednesday, Aug 27, 14 @ 9:42 am:

    Grandson

    U.s. earnings are to be taxed at 35%. It is the offshore earnings that are taxex at 35% - the tax rate of the country of origin. Off course if the company turnes around and invests those earnings overseas and does not bring them back to u.s. then they only play the tax in the country of origin.


  16. - Concerned - Wednesday, Aug 27, 14 @ 9:47 am:

    Inversions arean issue but the bigger issue may be the phony accounting done to make sure a company’s earnings are in a jurisdiction other than the U.S. The scenario Rich spelled out above, from the article discussed, is a good example.

    I say attribute income to each country in which you have sales in proportion to the company’s sales in each country.


  17. - wordslinger - Wednesday, Aug 27, 14 @ 9:59 am:

    Mason, no one’s paying 35%.


  18. - Under Further Review - Wednesday, Aug 27, 14 @ 10:04 am:

    @Concerned:

    Your dining experience at Timmy’s differed from mine. The menu featured bland offerings that closely resembled the food available at Dunkin Donuts.


  19. - walker - Wednesday, Aug 27, 14 @ 10:36 am:

    Talking about “US earnings are taxed at x but offshore earnings are at y”, or that “total US plus overseas earnings would be taxed twice” is missing a key point.

    These might be true statements in the abstract, but don’t fully deal with the real world issue. They are popular with lobbyists and campaigns, as misdirections.

    The abuse occurs in legally changing the definition of “US earnings”, or “country of origin” even when nothing has actually changed in the real world.

    The sophisticated “dodge” is to set up a corporate legal structure, with foreign corporate HQ’s, subsidiaries, and licensing agreements, plus accounting processes, that convert these same earnings actually earned in the US (as we all would see them) into “non-US earnings,” accounted for in another jurisdiction with no or minimal taxes. Sometimes they are technically moved through two or three different offshore legal jurisdictions. It has little to do with where market sales or product manufacturing physically take place, and are sometimes just computer entries and legal filings.


  20. - A guy... - Wednesday, Aug 27, 14 @ 10:40 am:

    While we’re focusing on the “really big name” companies like Walgreens and Burger King, emerging and growing smaller companies are doing inversions by the hundreds, maybe thousands. You don’t need to get too far into the “profitable” range before you realize our tax code and regulations do alot to kill growth and entrepreneurialism. There is a fix here, and it’s not that complicated. Lower the rate and take away the incentive.

    Or incentivize patriotism by establishing policies and rates that encourage what you’re looking for. It’s very “American” to make as much money (legally) as you can. That’s the promise we’ve made to the world for over two centuries. Our tax policies and regulations are breaking that promise. This is fixable.


  21. - Cook County Commoner - Wednesday, Aug 27, 14 @ 10:51 am:

    The other side of the coin is that a tax inversion can be viewed as economic patriotism. If you are retired and collecting a government or private pension or living off of investments, inversions help maintain distributions and capital gains. This helps keep retirees off the government dole.
    Also, tax inversions are patriotic because they cause the government to re-evaluate tax policies and perhaps institute efficiencies.
    There are a lot of government pensioners on this site. I’ll bet their plan operators are 100% behind tax inversions when they make fiscal sense.
    Be careful what you wish for. If the feds pass rules restricting inversions, large organizations to be will originally set up outside the US.
    The answer is a tax code that recognizes a global economy.


  22. - Johnny Utah - Wednesday, Aug 27, 14 @ 10:53 am:

    The corporate tax is largely nonsensical. The US has double taxation of corporations in two ways:

    First
    1) Corporate income is taxed by the corporate tax, and then what is remained is disbursed to shareholders, who are the owners of the company.

    2) The shareholders are taxed on dividends and capital gains. This is the second time the same income is taxed.

    Second
    1) Foreign profits of US corporations are taxed in the locality where they are earned.
    2) When [if] the corporation brings this income back to the US, the US taxes it again at US corporate rates, and then again when it is distributed to shareholders.

    The US is the only country in the world to do either of the above forms of double taxation in any substantial way. Of course corporations are going to invert.

    The corporate tax is the single biggest anti-job tax we have. It should be done away with altogether.


  23. - Hit or Miss - Wednesday, Aug 27, 14 @ 11:08 am:

    ===U.s. earnings are to be taxed at 35%.===

    The 35% figure is the ‘official’ or published tax rate. Most companies pay less, often much less, than that. According to the GAO U.S. corporations pay an average effective federal tax rate of 12.6%.

    http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/


  24. - facts are stubborn things - Wednesday, Aug 27, 14 @ 11:12 am:

    Why should we want company A who feels to be a good corporate citizen they don’t do an inversion and company B feels it is it’s obligation to it’s share holders to legally maximize profits so they do an inversion. The tax code effects behavior…fix it.


  25. - Johnny Utah - Wednesday, Aug 27, 14 @ 11:26 am:

    The US should do what Illinois should do. Stop cronyism and corporate welfare, then eliminate the corporate tax. A gusher of investment and corporate relocations would flow into the U.S.

    http://www.forbes.com/sites/stancollender/2014/08/27/how-to-abolish-the-federal-corporate-income-tax-without-increasing-the-deficit/


  26. - Mason born - Wednesday, Aug 27, 14 @ 11:33 am:

    Hit or miss

    That 35% is the tax rate much like 5% is the il tax rate for citizens. Do you pay 5% of all your income to the state? Just as our effective rate is lowered by deductions and tax credits so is the corporate. Now I’m all for cutiing deductions and credits as long as there is a corresponding reduction in rate. However that isn’t what anyone is championing. Mainly because it will be hard political work while demegagory is easy.


  27. - VanillaMan - Wednesday, Aug 27, 14 @ 11:34 am:

    Nope - I need this explained in even fewer words, please.

    When a tax inversion occurs, who’s cell phone and emails are lost over at the IRS?


  28. - Grandson of Man - Wednesday, Aug 27, 14 @ 11:35 am:

    “It should be done away with altogether.”

    How about we rewrite the tax code to eliminate double taxation and tax corporations at a progressive rate that’s competitive with other countries?

    Why should corporations not pay any taxes, leaving the financial burden of paying for a first-world country on everyone else’s shoulders?


  29. - foster brooks - Wednesday, Aug 27, 14 @ 12:03 pm:

    If you lower the corporate tax who’s going to make up the difference? Btw General Electric pays no taxes.


  30. - Demoralized - Wednesday, Aug 27, 14 @ 12:14 pm:

    I love the economic geniuses who say that eliminating a tax brings in more money. Must be the new math.

    Don’t eliminate the corporate tax, but do make it simpler by getting rid of all of the tax breaks. Lower the rate and everybody pays that rate. Period.


  31. - That Guy - Wednesday, Aug 27, 14 @ 12:25 pm:

    Btw General Electric pays no taxes.

    Really? Not even property taxes, payroll taxes, sales taxes etc….


  32. - Ghost - Wednesday, Aug 27, 14 @ 12:29 pm:

    technically this is known more as transfer pricing.

    car built in the US, parts are purchase from mexico/canada or whever and assembeld here. costs are jacked up on the parts the car company buys from itself so it can bury the profit as an expense here, and have the actual profit appear in a friendly tax area where the subsidary manufacurer is making the parts. Thus when you see them say they only make 3k off a vehicle sale to the company, its not really 3k, thats 3k after they made money selling themselves the parts etc. they made a lot more then that, they just burried it.


  33. - wordslinger - Wednesday, Aug 27, 14 @ 12:40 pm:

    A Guy, shockingly, you have no idea what you’re talking about and are simply making things up.

    There have not been “thousands” of inversion deals. So far this year, there have been nine, the most in any year ever, according to today’s Reuters.

    As far as “incentivizing patriotism,” how does rule of law, defense, infrastructure, worlds’s largest market, etc., grab you?

    If you’re going to be a knee-jerk apologist, at least educate yourself a little bit before you start peddling ridiculous whoppers.

    And VMan, Congress sets the tax code not the IRS, but I understand your Fox lapdog Pavlovian response.


  34. - walker - Wednesday, Aug 27, 14 @ 3:29 pm:

    VMan: ==I need this explained in fewer words please.==

    Good comment, because this issue can be so complex that it can lose political impact for the average voter.

    OK here goes:

    “Avoiding paying US taxes on US earnings, by pretending they were earned elsewhere.”

    Complex legal artifice or not, that’s what bothers me about this.


  35. - A guy... - Wednesday, Aug 27, 14 @ 3:39 pm:

    The headline on this thread refers to inversions and Off-Shoring. My point was the second portion of this with smaller and emerging profitable companies. I realize I inadvertently stated “inversion” in relation to those companies. Mea culpa on that part. The rest stands.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Taking a sick day
* *** LIVE *** Session coverage
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............
<


Loading


* Illinois receives $16M federal grant to fight o.....
* Illinois receives $16M federal grant to fight o.....
* Illinois receives $16M federal grant to fight o.....
* The Sunday Spin: Politics with Rick Pearson Ful.....


* Church elders renew probe of founder's alleged misconduct
* Chicago sues 2 suburban towns millions owed for water
* 1868 Olympic champ to give Eureka commencement address
* Michigan center accused of honoring patients' racist demands
* July trial for Illinois man charged in sister-in-law's death
* Lake County courts to switch to online filing system in May
* EXCHANGE: Teens taught to plant, tend their own flowerpots
* EXCHANGE: Bingo group combines fun, friends
* White Sox reliever Farquhar has brain hemorrhage during game
* White Sox reliever suffers brain hemorrhage during game

* Government consolidation efforts gain traction in General Assembly
* Bill: Put therapists, not armed security, in Illinois schools
* Report: Improvements to veterans home could cost $265M
* Rauner's point person on Legionnaires' outbreak makes $20K monthly
* Presidential library publishes digital archive of papers from Lincoln's first 33 years
* McCann to run for governor as Conservative Party candidate
* Duckworth, daughter make Senate history
* Report: Raoul hired ex-state worker convicted in fraud case
* Central Illinois couple suing DCFS over handgun ban at home day cares
* Meet the Springfield Fire Department's first female division chief

* Chicago's largest privately held companies
* Yes, we need the United Way
* Techie Neal Sales-Griffin takes aim at Emanuel
* Corrections
* The 0.3%: Million-dollar earners in Illinois


* 13-year-old boy missing from Hermosa for nearly a month
* Cubs’ Kris Bryant hit in head by pitch, helped off field and leaves game
* Praise the Lord and pass the ammunition to Beto O’Rourke
* Toll from Kabul bombing climbs to 57 dead, 119 wounded
* 2 firefighters among 3 injured in Hazel Crest house fire
* Trump says North Korea agreed to denuclearize. It hasn’t.
* Cops: 2 convicted felons picked up, robbed ride-hail passenger in River North
* Renteria: Danny Farquhar still stable but critical
* Chicago airports now offering free wireless internet
* Meaning of frogs and salamanders: Wild-ID and beyond


* 4 dead in Nashville Waffle House shooting; suspect sought
* A joyful reunion with birth parents leads to incest and murder
* Man sexually abuses, robs woman on CTA Brown Line platform on North Side
* Shooting at Nashville Waffle House
* Another crude video surfaces after Syracuse fraternity's expulsion
* Aurora library display prompts both hate and censorship claims
* Arsene Wenger decides to quit Arsenal because 'hurtful' fan protests damage club's image
* 2 posed as ride-share drivers to rob man on Near North Side: Cops
* Hazel Crest firefighters rescued from burning basement following 'mayday' call
* Michigan health care center accused of honoring patients' racist demands


» Official: Pop Tax Repeal Could Mean Late Tax Bills, Budget Headaches
» Casino Sale Raises Questions About A Windfall - Or A Conflict - For Pritzker
» Eliminating Golden Parachutes in Illinois; Children’s Author M.J. Mouton; Illinois Budget
» Obamacare Protection Measure Fails in Illinois House
» State Week: McCann Makes Three; Blagojevich Makes Appeal; Preckwinkle Makes History
» WBEZ’s Chicago and Illinois News Roundup: April 20, 2018
» From Columbine To Parkland: Art And Activism
» Web Extra, The Week in Review: Is there a Newspaper War in Chicago?
» The Week in Review: Dorothy Brown Enters Mayoral Race
» #647 Jason Isbell & Opinions on Cardi B


* Government consolidation efforts gain traction in General Assembly
* Statehouse Insider: Governor's race could set records beyond spending
* Guest View: Doing nothing on transportation funding is no longer an option
* Our View: Let the people vote on fair maps
* United Way: Dedicated volunteers affect lives every day
* Guest View: A nation at risk
* Ed Rogers: Anyone who wants to connect with people could learn a lot from Barbara Bush
* Thumbs Up: To women who break down barriers
* Bill: Put therapists, not armed security, in Illinois schools
* Report: Improvements to veterans home could cost $265M


* Second man charged in armed robbery of 86-year-old Belleville man
* PHOTOS: 2018 Festival of Spring at Rock Spring Nature Center
* Look Ahead: What's coming up this week
* Deaths Listed for April 23, 2018
* Illinois man sought in Waffle House shooting that killed four
* Follow-up file: Under new ownership, Renwick Mansion starts new traditions
* WDBX hires local musician Marshall Anderson as new station manager
* Illinois 200 | Illinois rivers helped feed economic growth in state
* Even at its peak, SIU Carbondale suffered from inadequate support from the state
* PFOP: Evergreen Lake groundbreaking 50 years ago


* Aurora library apologizes for display criticized as Islamophobic
* Las Palmas relegated in Spain after 4-0 home loss to Alaves
* Israeli minister vows to help Ethiopian Jews move to Israel
* Libyan navy rescues 263 migrants, recovers 11 bodies
* Memorial service set for woman killed in Southwest flight

* Rep. Randy Hultgren recognizes Loyola men'...
* US Rep. Randy Hultgren visits McHenry's Pi...
* Are Illinois Congressmen safe in wake of D...
* A quick look at a few congressional races ...
* It's official: If you prepaid your propert...
* Underwood hopes winning primary formula ca...
* House approves Curbelo, Hultgren bill prot...
* Bustos pushes to make 'blue wave' happen i...
* Pritzker, other Illinois Democrats in DC: ...
* Hultgren fires aide after sexual encounter...

* Booker, Durbin, Krishnamoorthi Introduce H......
* Durbin, Duckworth demand accounting of All......
* Area US senators' votes on Trump nominatio......
* What's the Deal With Chuck Schumer's Pot B......
* Durbin, Duckworth press Allegiant for flig......

* Tammy Duckworth becomes first senator to v......
* Few mothers could do what Tammy Duckworth ......
* Four stories that mattered this week, expl......
* 4 stories that mattered this week, explained...
* Sen. Tammy Duckworth bringing baby to Sena......

* Dried scallops the key ingredient in chef C.J. Jacobson's 'Mediterranean XO sauce' [VIDEO]
* Weed Week: Get in the mood for 4/20 with these photos by Chicagoans dedicated to legal weed
* ISBE report: CPS special ed services “delayed and denied.”
* This week.
* The Columbia University student revolt. 1968.
* IEA RA delegate writes their disappointment in vote on NRA.
* TenMarks to shut down operations after 2018-19 school year
* University of Akron to lift the curtain on new esports program at forum in April
* Trump says he ‘doesn’t know what a community college means’
* Report: Instructional Design Support Helps Increase Student-to-Student Interaction in Online Courses


* IEMA Highlights Role of Volunteers in Disasters
* Governor Rauner activates State Emergency Operations Center in Springfield
* February Flooding Information
* IEMA Urges People to Prepare for Severe Weather
* Governor issues state disaster proclamation for flooding in Iroquois, Kankakee, Vermilion Counties

  
* Google Chat and RCS, Linux apps on a Chromebook, end of ZTE, and new Moto phones (MobileTechRoundup show #430)
* Here are the 4 best moments from the first big Fortnite e-sports tournament
* Move over, Bixby; LG will include a dedicated Google Assistant button on the G7
* General Magic is a nostalgic film about the ‘90s startup that imagined the smartphone
* Sobro Smart Side Table will charge devices, cool drinks, play music, and more
* Smartphones - Artificial Intelligence and Machine Learning
* AUKEY Multiport USB-C adapter and 5W wireless charger hands-on: Reasonably priced accessories to enhance your mobile experience

* South Side Sox Prospect Vote: Round 17
* Adolfo cruising with caution signs up ahead
* White Sox can't find rhythm with heavy hearts
* White Sox Minor League Update: April 21, 2018
* Moncada pulled early with tight hamstring
* White Sox can't find rhythm with heavy hearts
* White Sox can't find rhythm with heavy hearts


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller