Five Tax Fallacies Invented by the 1%
By: Paul Buchheit We hear these claims often, even though they’re entirely false. An analysis of the facts should make that clear. (1) The Rich Pay Almost All the Taxes [...]
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Five Reasons Why The Very Rich Have NOT Earned Their Money
The wealthiest Americans believe they’ve earned their money through hard work and innovation, and that they’re the most productive members of society. For the most part they’re wrong. As the facts below will show, they’re not nearly as productive as middle-class workers. Yet they’ve taken almost all the new income over the past 30 years. Any one of these five reasons should reinforce the belief that the rich should be paying a LOT more in taxes.
Who Takes the Gold for Tax Avoidance in 2011?
This is tax time, or in the case of many big businesses, just another time without taxes. These companies deserve to be recognized. With the help of SEC data and the results of several excellent research studies, PayUpNow.org has selected the ‘winners’ of the 2011 Tax Avoidance Awards. First a review of last year’s results. The top spot went to General Electric, which made pre-tax profits of $44 billion from 2008 to 2010 but received almost $5 billion in refunds. A GE spokesperson added, “We are committed to acting with integrity in relation to our tax obligations.”
Five Preposterous but Persistent Conservative Myths
With the mainstream media in the hands of the mostly conservative wealthy, it’s difficult for average Americans to learn the truth about critical issues. The following five conservative claims are examples of mythical beliefs that fall apart in the presence of inconvenient facts.
Beyond the fact that we’re ‘entitled’ to Social Security and Medicare because we pay for them, these two government-run programs have been largely self-sustaining while supporting the needs of millions of Americans.
Inside the Mind of a Conservative. Got a Minute?
Unfortunately, a little well-placed progressive sarcasm can’t compete with the ongoing 40-year right-wing campaign to capture the sympathies of an impressionable public. It’s a remarkable accomplishment on their part. Even [...]
The Best Reason for the Very Rich to be Paying A LOT MORE in Taxes
Before getting into the best reason, here are some of the usual — and always good — reasons. First of all, For every dollar the richest 1% earned in 1980, [...]
G8, These Are Our Demands
It’s fitting that the G8 is meeting in my beloved but beleaguered hometown of Chicago this May. In a city with the highest sales tax in the country, where the [...]
The Definition of Insanity — Deregulating Over & Over & Expecting Different Results
A cynic might argue that business leaders and their friends in Congress weren’t expecting different results. In either case, we’ve become a bipolar nation, 1% manic and 99% depressive. Our [...]
The Day the Music Died
On October 20, 2011, after five months as an unemployed college graduate with a music degree, I read the news about Congress rejecting a bill that would have supported education. [...]
A Response To “Angry about inequality? Don’t blame the rich.”
Not an angry response, though. ‘Amused’ is probably more accurate, since a little research shows that James Q. Wilson’s article is filled with the tired old defense mechanisms of people [...]
