Fox uses a graphic with a badly distorted scale to exaggerate the effect that the expiration of the Bush tax cuts would have on the rich.
They’ll do anything to further their fight to protect the very rich from having to pay more taxes. This is just another shameful example of Fox manipulating charts to keep Americans uninformed…
Tracks
(Source: idrownideas)
Undocumented Immigrants Paid $11.2 Billion In Taxes While GE Paid Nothing
This past month, there was much outrage over the fact that General Electric, despite making $14.2 billion in profits, paid zero U.S. taxes in 2010. General Electric actually received tax credits of $3.2 billion from American taxpayers.
At the same time that General Electric was not paying taxes, many undocumented immigrants, who are typically accused of taking advantage of the system while not contributing to it by many on the right, paid $11.2 billion in taxes. A new study by the Institute for Taxation and Economic Policy shows that undocumented immigrants paid $8.4 billion in sales taxes, $1.6 billion in property taxes, and $1.2 billion in personal income taxes last year. The study also estimates that nearly half of all undocumented immigrants pay income taxes.
(Source: azspot)
The “real” welfare states.
Mitt Romney earned $21.6 million in 2010 — and paid just 14% in taxes, far less than Newt Gingrich’s 31.7% or Obama’s 26.3%.
In fact, the Romneys paid a higher tax rate to foreign countries, handing over 18 percent on the almost $375,000 that they garnered abroad. The former Massachusetts governor also shelled out almost $3 million to charity, roughly 16 percent of his post-tax haul.
Mitt Romney said at last night’s debate that he wants to provide “relief” to the middle class. Based on what his tax plan would actually do to middle-class families, we’re not sure that word means what he thinks it means.
![manicchill:
Tax Gap: IRS Comes Up $385 Billion Short For 2006 | CNNMoney
Close to 15% of federal taxes — or $385 billion — went unpaid in 2006, according to new estimates by the IRS.
That’s the net tax gap number — meaning what didn’t get paid even after the $65 billion the IRS managed to collect through audits.
And it’s the closest proxy policymakers have to the country’s annual revenue shortfall, said Mark Luscomb, the principal federal tax analyst at CCH, a tax information publisher.
What’s driving the shortfall? A whopping 84% of the total tax gap is due to underreporting of income by corporations, small businesses and individuals.[emphasis added]
Read More
(image courtesy of the IRS)
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Tax Gap: IRS Comes Up $385 Billion Short For 2006 | CNNMoney
Close to 15% of federal taxes — or $385 billion — went unpaid in 2006, according to new estimates by the IRS.
That’s the net tax gap number — meaning what didn’t get paid even after the $65 billion the IRS managed to collect through audits.
And it’s the closest proxy policymakers have to the country’s annual revenue shortfall, said Mark Luscomb, the principal federal tax analyst at CCH, a tax information publisher.
What’s driving the shortfall? A whopping 84% of the total tax gap is due to underreporting of income by corporations, small businesses and individuals.[emphasis added]
(image courtesy of the IRS)
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Taxpayer-Funded ‘Crisis Pregnancy Centers’ Tell Jewish Woman To Convert To Christianity Or Go To Hell
Slightly old, but still always relevant.
Fun fact: “crisis pregnancy centers” (CPCs) collected over $30 million in taxpayer dollars between 2001 and 2005. A random investigation of 23 CPCs found that 20 of them were intentionally misinforming patients. Your tax dollars at work!
-Jess
(Source: stephherold)
