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Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011
02-07-2013, 06:58 AM
Post: #1
Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011
http://www.alternet.org/economy/offshore...llion-2011

From the article:
Quote:States across the country lost nearly $40 billion dollars of revenues in 2011 due to offshore tax havens, according to a new report by U.S. PIRG Education Fund. The study reveals that corporations account more than $26 billion of lost revenue, while wealthy individuals are responsible for the rest. The blow to states rests on top of nearly $150 billion of lost annual federal revenue due to corporate loopholes.

In a statement, PIRG said everyday Americans bear the burden when the nation’s wealthiest elites avoid paying their fair share.

...

As noted in the article, the Top 1% get the infrastructure and the other benefits of life in the USA without having to pay for it. The repubs are paid shills for them, that's the main reason I can think of for their near-desperate need to work for tax cuts for the Top 1% (that they don't pay) in favor of piling the financial burden on the 99%. What the repubs can't cut in gov't spending, they want to privatize, see the USPS. Either way, it's in the favor of the Top 1% and the rest of us are out of luck.
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02-08-2013, 10:30 AM
Post: #2
RE: Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011
And just think, a presidential candidate (Romney) is part of that list of tax cheats. Disgraceful. And many people actually voted to put a tax cheat in our White House.
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02-08-2013, 10:33 AM
Post: #3
RE: Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011
(02-08-2013 10:30 AM)achieve Wrote:  And just think, a presidential candidate (Romney) is part of that list of tax cheats. Disgraceful. And many people actually voted to put a tax cheat in our White House.

And in 2000 and 2004 that same group voted for a man who went AWOL. They have no shame.

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