“If you have a foreign address,” the tax return instruction reads, “also complete spaces below.” In the space below, under “foreign country name,” Romney’s form reads “USA.”
Of course, it probably points out how rarely Romney actually fills out income tax forms. If he made the 12 years of forms previously available, maybe we could get a true sense of where Romney comes from.
- Romney Lists USA Under ‘Foreign Country’ on Tax Return (outsidethebeltway.com)
- Mitt Romney Calls the U.S. A “Foreign Country” On His Tax Returns (alan.com)
- Mitt Romney Calls U.S.A. a ‘Foreign Country’ in His Tax Returns (usnews.com)
- Americans Should be Outraged that Romney Pays Only 0.2% in Payroll Taxes (politicususa.com)
- Paul Abrams: What Romney’s Hiding: ‘It’s the Amnesty, Stupid’ (huffingtonpost.com)
Romney better take a good look st the Republican south when insulting half of their population.
- Dear Republicans Defending Romney’s 47% Remarks: He Was Talking About You (politicususa.com)
- The other 47 percent (newsobserver.com)
- Who Are Mitt Romney’s 47%? – Politics – The Atlantic Wire (theatlanticwire.com)
- Mitt Romney Attempts To Explain Himself After Insulting 47% Of Americans (perezhilton.com)
- Romney was right – the 47% will never vote for him (illinoisreview.typepad.com)
- Romney and the 47 per cent (blogs.ft.com)
- VIDEO: Mitt Romney Responds to ’47 Percent’ Comment, Says It Wasn’t “Elegantly Stated” (foxnewsinsider.com)
If you filed on April 15th and want to find out how much you saved in your taxes, you can go to FairEconomy.org and take the Tax Fairness Pledge”… something the top 400 of the very rich could effect our whole economy by taking. The top 1% of the country took in 90% of the income gains in 2010, so they’re doing just fine. But lately the folks at the top have not been asked to pay their fair share in taxes.
If these rich folks had paid their fair taxes, what could it have meant? Just how rich are they?:
Even if they only paid ALL of their Income gains above 35% they could cover at least half of all this stuff!
What about you? Are you paying your fair share (or more) of taxes? You can find out HERE by using the calculator, then sign the Tax Fairness Pledge, where you can select necessary areas to contribute excesses to.
My thanks to United For a Fair Economy.
- Why it’s time for a single income tax | Matthew Elliott (guardian.co.uk)
- Those wacky rich folk and their taxes (dontmesswithtaxes.typepad.com)
- Extend austerity measures to allow for major tax cuts, chancellor told (guardian.co.uk)
- Video: What is the Fair Tax? (turbotax.intuit.com)
- Graduate tax proposals divide coalition (confused.com)
- Pennsylvania GOP State Rep. Hasn’t Signed Norquist Tax Pledge Because ‘I Have To Do What’s Right And What’s Fair’ (thinkprogress.org)
- GOP rookies revolt against Grover (politico.com)
Dorgan (D – North Dakota) is the Senator who introduced legislation, S. 260, to shut down a tax loophole that rewards U.S. companies that move U.S. manufacturing jobs overseas. The legislation would close the loophole that allows U.S. multinational companies to defer paying income taxes on profits they make from the U.S. sale of the products manufactured in foreign factories, until those profits are returned to the United States, if ever. Manufacturers who remain in the United States receive no similar subsidy.
While passage of this law has obvious benefits for the U.S., it has been something Dorgan has been trying to get through for ten years.
You may not believe it, but when a U.S. company closes down a U.S. manufacturing plant fires its American workers and moves those good-paying jobs to China or other locations abroad, U.S. tax law actually rewards those companies with a large tax break called deferral. The tax code allows these firms to defer paying any U.S. income taxes on the earnings from those new foreign-manufactured products until those profits are returned, if ever, to this country. If a company making the same product decides to stay in this country, it is required to pay immediate U.S. taxes on the profits it earns here.
– Senator Byron Dorgan
Examples of products that used to be manufactured in America but now are being made in China or Mexico or other countries? How
about Nabisco Fig Newtons, which are now made by 50¢ per hour workers in Mexico. Or Huffy Bicycles, formerly made in Ohio, now made in China by 33¢ per hour workers. Or Etch-a-Sketch. Or La-Z-Boy furniture. Or Fruit of the Loom underwear. The list goes on and on.
And we support the outsourcing of products in two ways. When we go to Wal-Mart or K-Mart (companies that demand our products at the lowest prices) and purchase them we give tacit support to the throwing away of American jobs. But that isn’t the only way we support major corporations who screw Americans out of their jobs…we give them tax breaks for doing it! These are called “Deferrals” and they are totally legal.
We have lost so many jobs, especially in the 8 Bush years when close to 750,000 jobs a month disappeared as work making everything
from solar panels to Radio Flyer Wagons went to China, Mexico, and other countries where child labor at 50¢ per hour for 12 hours a day, 7 days a week, can create products for minimum corporate expense. It will be extremely difficult to bring jobs back, but without changing the law so that tax breaks go to those who remain in America to carry out manufacturing and not to those who rob us of jobs and send the production overseas.
The Senate is debating the issue today. Needless to say, no Republicans are stepping up to the plate yet and Republican leader McConnell (R-Kentucky) has stated that no problem exists. The President signed legislation today to make $50 Billion Dollars available to banks for loans to small businesses. Hopefully, this will create employment and perhaps see new products manufactured in our country.
One could hope.
- Former President George W. Bush, U.S. Senator Byron Dorgan, DOE Assistant Secretary Cathy Zoi to Address Windpower 2010 Conference & Exhibition (eon.businesswire.com)
- Senate Democrats Make One Last Push At Jobs Bill (huffingtonpost.com)
- Huffpost Hill – September 22nd, 2010 (huffingtonpost.com)
- Durbin Says Senate Won’t Pass Tax Cut Extension Before Election (businessweek.com)
Democrats unlikely to repeal tax cuts for the rich