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The real story in our tax system is that 2/3 of all U.S. corporations (1/3 of all large corporations) and 68% of foreign corporations pay ZERO DOLLARS in federal taxes each year. That despite the fact that these corporations earn trillions of dollars annually. That is right, these corporations throw money at elections so they can own politicians and shape public policy toward their interests over the majority of American citizens' interests AND they receive all kinds of tax-payer funded welfare from the government, yet they pay virtually nothing in taxes back into the system. This is the real scandal in our tax system. This baldly illustrates the inequality in the system and underscores who benefits most from the government.
For the full story, check it out here and here...
As ND-D Senator Byron Dorgan said, "It's time for the big corporations to pay their fair share."
it's good to have you back in the nebraska. and it sounds like your vacation was amazing.
ReplyDeleteon the subject of economics and the corporate, my wife recently gave the book Small Is Beautiful by E. F. Schumacher. it's quite astounding and yes, beautiful.
more info at: www.smallisbeautiful.org
Cool! I'll check it out...
ReplyDeleteSee you soon.