Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Paradise Papers Show How Misguided the G.O.P. Is on Taxes

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   2 comments, 8 series

Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

Author 40790
Become a Fan
  (21 fans)

From Free illustration: Tax, Haven, Mo, Money, Banking - Free Image on
Free illustration: Tax, Haven, Mo, Money, Banking - Free Image on ...960 -- 480 - 39k - jpg
(Image by
  Permission   Details   DMCA

' Even in the face of the Paradise Papers revelations -- which shine another spotlight on how the rich and powerful game the system to avoid paying taxes they would owe -- the GOP wants to lower taxes on big corporations & rich individuals even further.  According to an analysis by the  Committee for a Responsible Federal Budget, $1 trillion of the overall $1.5 trillion cost is from cuts for businesses.'  63 percent of foreign profits made by American multinational corporations are stuffed in these subsidiaries and accounts, depriving the country of about $70 billion in tax revenue each year.  Many of these maneuvers are perfectly legal, but it isn’t a victimless act when companies and the wealthy shield their money from our government. The missing billions from corporate offshore tax avoidance would go a long way to repair infrastructure fund schools and health care. '

Read the rest of the story HERE:



- Advertisement -

View Ratings | Rate It

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

Other Series: View All 119 Articles in "Economics and the propaganda/lies"

Other Series: View All 294 Articles in "Insanity AFOOT!"

Other Series: View All 515 Articles in "lies & propaganda:: the rant"

Other Series: View All 498 Articles in "Shameful"

Other Series: View All 113 Articles in "WEALTH"

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles