Archive for January, 2012
Large US Corporations are “world leaders in tax avoidance”
Conservatives like to complain that the United States has the highest corporate taxes in the world, and they’re right . . . sort of. The problem is that very few large corporations pay anything like the top corporate tax rate, and many pay no taxes at all. If you look at actual taxes paid by [...]
Major companies spend more on lobbying than taxes
Two telling facts that explain how the income tax deck has been stacked against the middle class. First, Elisabeth Warren notes on the Daily Show (at index 17:00-18:30) that, “Thirty of the largest companies in the United States are now spending more on lobbying than they pay in Federal taxes1,” and, in his opening, John [...]
Bill Gates: Taxing the rich more is “Justice.”
In an interview with BBC News Bill Gates asserts that taxes have to go up, and that it is “justice” for rich people to pay more that those who earn less. “Taxes . . . should go up more on the rich than everyone else. That’s just justice.” http://www.bbc.co.uk/news/world-us-canada-16714480
Welcome to Insanity1040.
This is a new website that challenges America to establish a new model for taxation, one that: Is fair and equitable: The middle class should not pay a higher effective tax rate than those who earn more. Pays our Bills: A tax system that will reduce and eventually eliminate our national deficit. I am looking [...]
