Every year we hear these numbers and they become increasingly hard to believe. How can all of these corporations get away with squirreling away so much money offshore and paying so little in taxes. Take a look at GE, Bank of America, Wells Fargo…and everybody’s favorite…BP. Want more examples? Find them over at TaxEvaders.net. Tweet
And replace it with a revenue neutral sales tax? The story… “The bottom line is that for too long, Louisiana’s workers and small businesses have suffered from having a state tax structure that is too complex and that holds back economic prosperity,” Jindal said in a statement released by his office. “It’s time to change [...]
If Boehner can’t get House Repubs to play ball on a bill that Obama didn’t even agree to…what can we expect for something that’s worse in their eyes? Answer: nothing. Hopes of a grand-bargain — to shave trillions of dollars off the deficit by cutting entitlement programs and raising revenue — are shattered. House Republicans [...]
Before we get into the details…Buffett points out the single biggest logic flaw of all the arguments from those who oppose higher taxes for the wealthiest. And it’s stupid simple. Here we go… Suppose that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says [...]
Well…the numbers show us that Dems and Repubs have pretty much made up their minds. But those Indies that Romney talked about in the video? Yeah, they’re still figuring it out. And Mitt’s comments obviously didn’t help his cause. The numbers from Gallup… So 29% are less likely, but 15% are more likely. That’s a [...]
Oh Mitt… Want to know where he got that number from? The non-partisan Center of Budget and Policy Priorities breaks it down. First… The 51 percent and 46 percent figures are anomalies that reflect the unique circumstances of the past few years, when the economic downturn greatly swelled the number of Americans with low incomes. [...]
This generational Ponzi scheme, like all Ponzi schemes, will work only as long as enough new suckers can be found to “invest” so that the older “investors” can cash out. The Greatest Generation kicked off the con with Social Security and added Medicare, but they understood the game. They made a lot of babies – the Boomers – so it is/was relatively easy for us to pay off their benefits. We Boomers expanded Medicare and added prescription benefits, but we’ve barely made enough Gen-X babies to pay for it. Still, thanks to the Millennials, it looks like we may squeak through and get most of our payoff. The Milliennials can take credit for piling on the additional Obamacare benefits, as they are the ones that elected him. But they are just not making enough babies to have any hope of securing their entitlements from the next generation. Suckers.
When you look around your city or hometown, do you wonder how your income tax dollars are being put to use? Well, look no further, because the infographic below outlines a number of ways in which your hard-earned money is being spent, and whether it’s doing any good. For the first time in history, our [...]
Not that this surprising, but the numbers are bigger than I thought… Listen, we’re not dummies. Obama is going to go after Romney’s wealth and ask why he doesn’t favor taxing the rich the same as all of us. Gallup has more… Given President Obama’s persistent emphasis this year on the need to increase taxes [...]
According to this Infographic, the behavioral patterns of the wealthy appear to be quite elitist and entitled. The 1% believe that they are an acception to the rule, which causes a lot of social justice issues in the US. Mo’ money, mo’ problems is the title of this illustrated data set, including a study conducted [...]
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