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Does Romney know he doesn’t live in Switzerland? Take a look at his tax return.

 

Romney, in his 1040 income tax form, listed himself as being in a foreign country…uh…the USA.

“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.

 

How do Romney’s 47% of non-taxpayers break down by state?

Romney better take a good look st the Republican south when insulting half of their population.

Take the Tax Fairness Pledge…

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.

What did YOUR Federal Taxes pay for in Fiscal 2009?

Curious about what you put money into in the last completed fiscal year? Here are the results:

…and the next time you hear a conservative politician say lets cut the Arts (NEA, etc.), you can flip them a quarter and say “Here’s my part of it… leave it in the budget for everyone else.”

Why it’s important that we get behind Senator Byron Dorgan…

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

No longer Made In America

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

Made In Mexico

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.

This has me pissed off…

From McClatchy:
Democrats unlikely to repeal tax cuts for the rich

clipped from www.mcclatchydc.com
Democrats in Congress are poised to play a leading role this month in thwarting their party’s effort to raise income tax rates on the wealthy.
Tax cuts enacted in 2001 and 2003 expire at the end of this year. President Barack Obama and Democratic congressional leaders have been eager to extend the breaks for individuals who earn less than $200,000 annually and joint filers who make less than $250,000. Those who earn more would pay higher, pre-2001 rates starting next year.
However, a small but growing number of moderate Democrats are balking at boosting taxes on the rich. Many face electorates that recoil at the mention of any tax increase. Some represent areas that are loaded with wealthier taxpayers. Further, some incumbent senators who don’t face voters this fall are reluctant to increase taxes on anyone while the economy remains sluggish.

Without their support, the push to raise rates on the rich probably will fail.

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