Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
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.
Find all posts by this user
Quote this message in a reply Return to top

Post Reply 
Messages In This Thread
[*]
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.
Find all posts by this user
Quote this message in a reply Return to top
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.

"I give thanks for this perfect day. Miracle will follow miracle and wonders will never cease."

There's nothing more reassuring then realizing the world is crazier than you are.
Find all posts by this user
Quote this message in a reply Return to top

Post Reply 

Forum Jump:


User(s) browsing this thread: 1 Guest(s)