Offshore Tax Havens Robbed States of Nearly $40 Billion in 2011

[Brewman_Jax]

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.

[achieve]

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.

[azmouse]

(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.