Moral Outrage
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Posts Tagged ‘income tax

Same Big Banks which got bailout skipped out on taxes

November 7, 2011

Five banks that received federal bailout funds during the financial crisis didn’t pay income taxes for one or more years between 2008 and 2010, according to an iWatch News analysis of a new study of tax dodgers. All five financial institutions named were profitable, but still received funds in the form of stock purchases from […]

Seven Big Economic Lies

October 12, 2011

These seven economic whoppers are just plain wrong. 1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. […]

Corporate tax dodging amidst the US deficit

April 1, 2011

Two-thirds of corporations in America pay no federal income taxes. Says protester Dave Sonenberg, “I’m tired of people calling for shared sacrifice and it’s all coming from the workers and nothing’s coming from the top.” For example, Bank of America hasn’t paid a nickel in federal income taxes for the past two years, and in […]

U.S. Wars are making us poorer by the minute

May 28, 2010

Next year’s budget allocates $159,000,000,000 to “contingency operations,” to perpetuate the occupations of Afghanistan and Iraq. That’s enough money to eliminate federal income taxes for the first $35,000 of every American’s income each year. And beyond that, leave over $15 billion that would cut the deficit.