Why do you think Romney did not release his tax returns for the last TEN YEARS?<quoted text>
I'm not quite sure what you'r saying but Romney paying 14-13% isn't true when you get that same money taxed twice. 14-13% income tax and then capital gains at 35% because he's a high earner; which totals 48-49% tax so it's misleading to say his taxes are lower then yours. Also why the hell is it right for anyone to pay half their income in tax for something that they either worked for oh inherited? What is the fed govt. right to do that to anyone?
I truly believe 99% of all tax payers are over taxed and the wealthy use the loopholes created by their prostitutes in Congress.
The New Corporate World Order
Apr 19, 2011 / http://tinyurl.com/3eker4w
The debate over Republicans’ insistence on continued tax breaks for the superrich and the corporations they run should come to a screeching halt with the report in Tuesday’s Wall Street Journal headlined “Big U.S. Firms Shift Hiring Abroad.” Those tax breaks over the past decade, leaving some corporations such as General Electric to pay no taxes at all, were supposed to lead to job creation, but just the opposite has occurred. As the WSJ put it, the multinational companies “cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show.”
Big No-Tax Corps Just Keep on Dodging
April 9, 2012 /
Bernie Sanders Calls Out CEO Tax Dodgers over Deficit, Hypocrisy
'The last thing we need to do is listen to these deficit increasing CEOs'
October 25, 2012 /
Senator Bernie Sanders called out a group of the top US CEOs Thursday in a new report revealing top corporate tax dodgers in the US and urged those dodgers to 'look in the mirror' for the causes of America's ballooning deficit. The report followed a joint statement issued Thursday morning by the top 80 US CEOs, pleading to Congress for a deficit reduction plan that would include cuts to Social Security, Medicare, and Medicaid, and a decrease in taxes "for the top 2%.
The report Top Corporate Tax Dodgers (pdf) outlines individual CEO income and tax information, exploring the vast amounts of tax avoidance from the members of the group who today urged congress to avoid the 'fiscal cliff' budget, through their telling new plan.
Sanders reveals how many of the CEOs who issued the statement have evaded at least $34.5 billion in taxes through more than 600 subsidiaries in the Cayman Islands and other offshore tax havens since 2008. Roughly a dozen of their companies did not pay federal income taxes at all in recent years and some received an additional $6.4 billion in tax refunds from the IRS since 2008. Many of the companies were among those who received the $2.5 trillion from the Federal Reserve following the banking industry induced financial crisis.