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 [...]
Tag Archives: tax
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.
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, [...]
Education Will Get You a Job! But We’re Cutting Education.
We’re often reminded that education is the key to adapting to globalization and changing technologies. Reports from Georgetown University, the New York Times, and the Brookings Institution cite the growing [...]
Corporations Hate Taxes, So They Let the Children Pay
Two recent studies, both rather troubling on their own, are even more disturbing when the relationship between the two is considered. The first is a study by Citizens for Tax [...]
Don’t Any of You Corporations Pay Your Taxes?
It gets tiring to hear the complaints about the allegedly excessive corporate federal tax burden in the U.S., and the need for CEOs to move their offices to more tax-friendly [...]
A Very Good Reason to Tax the Very Rich
A hedge fund manager who makes $5 billion in a year is making enough money to pay the starting salaries of 100,000 firefighters. On a one-year monetary basis, a financial [...]
Obama Taxes the Rich for the Wrong Reasons
President Obama may have opened Pandora’s box with his latest tax-the-rich rhetoric, but he’ll try to keep the lid half-shut. Truly informing the public about just how rich the rich are — and [...]
Don’t Nuke the Budget!
America’s budget crisis has the world economy at the brink. Social Security, Medicare, aid for needy children, environmental protection and much more are being chopped. Yet Congress and the White [...]
