AMERICA IN CORPORATE TAX RIP-OFF CRlSlS:
If CORPORATlONS are people why don’t they pay the tax rates average people pay?
3OO% HIGHER lRS $CORPORATE ♜ REVENUES IN 198O – RlP-OFF!
_8.9% of IRS Revenue (2O1O) came from $CORPORATlONS ♜
27.O% of IRS Revenue (198O) came from $CORPORATlONS ♜
67% DECREASE IN $CORPORATE ♜ TAXES PAID COMPARED TO 3O YEARS AGO!
AMERICA IN CORPORATE TAX RIP-OFF CRlSlS:
LOSS OF 82% OF CORPORATE TAX REVENUE PER YEAR COMPARED TO 1945!
1.3% of GDP MULTl-NATlONALS AND CORPORATlONS pay NOW
7.2% of GDP CORPORATlONS pay in 1945
14,000 laws BRIBED BY THE RlCH to pass to open loopholes in the TAX code for the TAX DODGlNG WELFARE SUCKlNG RICH and CORPORATlONS over the last 3O years – Have destroyed our DEBT, DEFICIT, MlDDLE Class, Trade Balance, and OUR ECONOMY.
GOP = TAX cuts of 2001 and 2003 for the rich preceded the 2007 depressions.
1920s and 2000s GOP Congresses promised reduced taxes on RICH = investment
FACT: GOP CAUSED Overinvestment = BUBBLES + FRAUD + BUSTS
GOP SINCE NlXON = Tremendous shift in tax burdens away from CORPORATIONS AND RlCH and ONTO MIDDLE CLASS
REAL WAGES FOR 90+% OF AMERICANS = DROPPED LAST 30+ YEARS!
ROMNEY TAX DODGlNG AND CRlME HlDlNG SCAMS ARE MASSlVE AND WORLDWlDE SUCKlNG OF WEALTH FROM REAL PEOPLE!
$1 to $1.6 TRlLLlON/Year in just these FlLES! Could be 1O to 100’s of times bigger!
2.5 Million Files cracked open secrets of more than 12O,000 TAX DODGlNG offshore companies and trusts, exposing CROOKED Politicians, con men and $BlLLlONAlRES and BANKSTERS around the WORLD – 17O COUNTRlES
16O X larger than WlKlLEAKS in 2O1O covering more than 3O years of HlDDED FRAUD keeping the CRlMlNALS OWNERS under cover.
Secret WORLD OF FRAUD (SYNDlCATE-STYLE MOBSTERS and OLlGARHS) has finally been revealed where OFFSHORE secrecy undermines law&order and FORCES average citizens to pay higher taxes to cover MASSlVE OFFSHORE FRAUD.
COVERT COMPANlES (like BAlN) and private trusts (LlKE ROMONEY) in the
- British Virgin Islands
- Cook Islands
- UK lSLE of Jersey, Guernsey and Man tax FRAUD HAVENS
- Other offshore TAX DODGES
- American doctors
- US dentists
- PONZl-SCAM ARTlSTS
- Middle-class Greek villagers
- Families and associates of long-time DESPOTS
- Wall Street SWlNDLERS
- Eastern European and Indonesian $BlLLlONAlRES
- Russian corporate OLlGARCHS
- lnternational arms dealers
- Construction BOOM FRAUDS
- MASSlVE BRlBES
- Philippine DlCTATORS $5 BlLLlON
- Sham front company for Iran
- Cash transfers
- LlNKS between SHAM Companies and individuals
- Offshore FlNANClAL TRlCKS around WORLD let wealthy, well-connected DODGE TAXES and HlDE corruption and CRlMlNALlTY!
“I’ve never seen anything like this….(The Wizard of Oz in which) they pull back the curtain and you see the wizard operating this secret machine.”
— Arthur COCKFlELD, a CANADlAN Iaw professor
The Greek fiscal disaster was exacerbated by TAX DODGlNG offshore cheating.
The banking meltdown in the tiny tax DODGE of Cyprus inflated by waves of OLlGARCH cash from RUSSlA.
$21 to $32 TRlLLlON IS HIDDEN OFFSHORE = US+Japan Economies combined
— James S. Henry Even, Board Member ofTax JUSTlCE NETWORK, an international research and advocacy group
$12 TRlLLlON in 2O1O = The world’s 5O largest “private banks” use offshore TAX DODGES for “high net worth” customers.
Tax DODGlNG OFF SHOREF RAUD has a corrosive effect on governments and legal systems, allowing crooked officials to loot national treasuries and providing cover to human smugglers, mobsters, animal poachers and other exploiters.
47% Who Pay No Income Taxes Is Mitt Romney Himself = Money funneled offshore
TOP 10 corporate deadbeats:
1) $O in Taxes paid by Exxon Mobil on $19 billion in profits in 2009 = Received a $156 million rebate
2) $O in Taxes by Bank of America on $4.4 Billion in Profit = Received $1.9 billion Rebate + $1 TRILLION bailout from Federal Reserve
3) $O in TAXES OVER 5 YEARS by General Electric on $26 Billion in Profits in USA = Received a $4.1 Billion REBATE
4) $O in TAXES by Chevron on $10 BILLION INCOME = Received $19 Million REBATE
5) $O in TAXES by Boeing on $30 Billion in contracts from Pentagon = Received $124 Million REBATE
6) $O in TAXES by Valero Energy on $68 Billion in sales = Received $157 million REBATE + $134 Million tax break from the oil and gas manufacturing tax deduction.
7) 1.1% TAXES paid by Goldman Sachs on $2.3 Billion PROFIT + $800 Billion from Federal Reserve and U.S. Treasury Department.
8) $O in TAXES by Citigroup on $4 Billion in PROFITS = Received a $2.5 trillion bailout from Federal Reserve and U.S. Treasury.
9) $O in TAXES by ConocoPhillips on $16 Billion in profits = Received $451 million in tax breaks through the oil and gas manufacturing deduction.
10) 1.1% TAXES paid by Carnival Cruise Lines over 5 years on $11 Billion in PROFITS.