USA #1 IN WEALTH INEQUALITY IN DEVELOPED WORLD = REAGAN VOODOO TAX CODE GIVEAWAYS TO THE MULTINATIONAL BILLIONAIRES AND THEIR CORPORATIONS

USA #1 IN WEALTH INEQUALITY IN DEVELOPED WORLD = REAGAN VOODOO TAX CODE GIVEAWAYS TO THE MULTINATIONAL BILLIONAIRES AND THEIR CORPORATIONS = PIKETTY SAYS CAN BE OVERCOME BY TAXING WEALTH!

      1. USA #1 IN WEALTH INEQUALITY IN DEVELOPED WORLD
      2. USA #1 IN INCOME INEQUALITY IN DEVELOPED WORLD
      3. USA #4 IN WEALTH INEQUALITY IN ENTIRE WORLD

GOP = Opposed to any CHANGES In their 14,000 LOOPHOLE MASTERPIECE!

Bartlett

“The Republicans don’t have any credibility whatsoever. They squandered whatever they had when they enacted a massive UNFUNDED expansion of Medicare in 2OO3. Yet they had the nerve to complain about Obama’s health plan, WHICH WAS FULLY PAID FOR according to the Congressional Budget Office. The word “chutzpah” is insufficient to describe how utterly indefensible the Republican position is, intellectually.” —  Bruce Bartlett (R) under GHW BUSH

“The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take”
by Bruce Bartlett (R)

“I do disagree with the Republican fixation on taxation. Federal taxes as a share of GDP are at their lowest level in two or more generations—14.9% versus a postwar average of 18.2%. There is not one iota of evidence that the economy is suffering from excessive taxation and no evidence that the sorts of tax cuts favored by Republicans—mainly tax cuts for the wealthy—would do any good given the nature of the economy’s problems.”

—  Bruce Bartlett (R) served under Reagan and GHW BUSH

US TAX CODE = SOPHISTICATED SCAMS ON THE AMERICAN MIDDLE CLASS WHO PAYS THE OFFSETS!

US TAX CODE = NO SERIOUS REFORM SINCE 1986 = SINCE REAGAN VOODOO GIVEAWAYS TO THE MULTINATIONAL BILLIONAIRES = 14,000 MASSIVE LOOPHOLES + TAX-DODGING + EXEMPTIONS + INCENTIVES + DEDUCTIONS = BIG CORPORATIONS PAY LITTLE OR NO TAXES. = MASSIVE INCREASES IN INEQUALITY

US TAX CODE = MAXIMIZES INEQUALITY = DISTORTED TO BUILD THE WEALTH OF MULTINATIONAL MONOPOLISTIC BILLIONAIRES + MULTI-MILLIONAIRES WHO CLIP COUPONS AND LAZILY COLLECT PASSIVE INCOME WITH THEIR FEET ON THE DESK + THOSE THAT USE ASIAN SLAVE TO BECOME BILLIONAIRES = KILLING 12 MILLION AMERICAN JOBS WHILE GETTING MIDDLE CLASS PAID FOR TAX INCENTIVES!

US TAX CODE = MAXIMIZED THE NATIONAL DEBT + BUDGET DEFICIT = TO GIVE MULTINATIONAL BILLIONAIRES MORE EXTRAVAGANT WEALTH = GOVERNMENT + MIDDLE CLASS BLEEDS RED INK TO MAKE 425 BILLIONAIRES RICHER!

Bruce Bartlett explores the surprising answers to all these issues, giving a sense of the tax code’s many benefits—and its inevitable burdens. TAX Reform is back on America’s political agenda. Bruce Bartlett, former supply-sider to former President Reagan, is best equipped to help navigate the murky terrain. Mr Bartlett is now says taxing the WELL TO DO is necessary. America’s labyrinthine tax rules are hardly the product of intelligent design, he explains. Mr Bartlett’s critique of America’s tax system is its deceptive and far too costly incentives.

“Furthermore, Republicans have a completely indefensible position on taxes.”

—  Bruce Bartlett (R) under GHW BUSH

“The Democratic Party is now the “adult” party in American politics, willing to do what has to be done for the good of the country. The same cannot be said of Republicans, who seem unwilling to do anything that would interfere with their ambition to retake POWER so that they can reward their LOBBYlST friends with more give-aways from the public purse.”

—  Bruce Bartlett (R) under GHW BUSH

US TAX CODE = MAKES THE SAFETY NET (ELDERLY AND IMPOVERISHED) THE TARGET FOR BILLIONAIRES TO BUILD EVEN MORE MASSIVE HISTORIC WEALTH = BEATING THE ARISTOCRACIES OF MONARCHS!

FACT = US GOV revenues % of GDP = FAR Smaller than European Countries = But European health spending shows up on the government’s ledgers BUT USA’s tax preferences for health insurance do not = TAX deduction for employer-provided insurance cost MIDDLE CLASS $434 Billion/Year = 3% of GDP = USA looks as bloated as any in Europe. USA PRIVATIZED LOOTING MAXIMIZES THE CORPORATE RIPOFF HEALTH CARE SYSTEM = 2+ TIMES MORE THAN EUROPEAN COUNTRIES. = RESULTS in CORPORATE LOOTED social spending rising to 27.2% of GDP = Larger than Italy and Denmark and the OECD average.

EUROPEAN COUNTRIES. = RESULTS in CORPORATE LOOTED social spending rising to 27.2% of GDP = Larger than Italy and Denmark and the OECD average.

US TAX CODE = Riddled with 14,000 MASSIVE QUIRKY TAX SCAMS and LOOPHOLES that 98% BENEFIT THE RICH = Warren Buffett + Mitt Romney pay a lower average tax rate than MOST poorer and middle class households.

US TAX CODE = Bartlett says Loopholes must be closed so revenue is collected

Piketty = Says TAX WEALTH = Example if your house is worth $500,000 and your mortgage is $490,000 your net wealth is $10,000 but you pay taxes on the $500,000 = UNJUST! = Horrible way to tax Wealth. Make this Change and CHANGE THE TAX CODE TO TAXING WEALTH AT 1% OR 2% PER YEAR. = GOP OPPOSES AND MUST BE REMOVED AS A PARTY = Replaced by a NEW MIDDLE CLASS GROWTH (MCG) PARTY! GOP = Opposed to any CHANGES In their 14,000 LOOPHOLE MASTERPIECE!

PIKETTY = To limit concentration of wealth at the top = We need to have a progressive tax on net wealth. Lower rate of tax for Bottom 90% of the population + Graduated increasing rate for people have $Millions or $Billions in wealth.

Bartlett = Wants a Tax on Consumption = Value Added Tax (VAT) common and Canada But CORPORATIONS GET KICKBACKS for taxes paid on business supplies. = GOP OPPOSES AND MUST BE REMOVED AS A PARTY!

FACT: High-tax countries like Denmark outperform America in real growth/person

Democrats want Tax rises on BIG MULTINATIONAL CORPORATIONS that pay ALMOST NO TAXES + TAX on the wealth like Piketty recommends but FIRST GETTING RID OF 90+% OF LOOPHOLES FOR THE RICH!

GOP LIES = THAT Half of all households pay no federal income tax = IGNORING THAT THEY LIVE IN ABJECT POVERTY and BARELY SURVIVING + MANY BILLIONAIRES USE OFF-SHORE TAX-DODGES TO HIDE FROM BEING TAXED!

Bartlett’s political diagnosis = WITH GOP still in control of ONE HOUSE NO REASONABLE CHANGES CAN BE DONE = GOP MUST BE REMOVED AS A PARTY AND REPLACED BY A MIDDLE CLASS GROWTH PARTY + CORPORATE DEMOCRATS (JUST LIKE GOP) MUST BE VOTED OUT!

Bartlett gives a Plan so America can avoid an oncoming fiscal calamity.

FACT: Definition of “income” is up for debate because GOP treats PASSIVE (“FEET ON THE DESK”) DIVIDEND + + INTEREST INCOME is taxed at 50% LESS THAN HARD EARNED INCOME!

DEFINITION: Passive Income = Income received on a regular basis, with little effort required to maintain it = “unearned income” = Rental Income + Limited Partnership + USURY INTEREST INCOME + Capital Gains + Royalties + Dividends Earnings from internet advertisements + Some PENSION INCOMES.

FACT: Most Americans overestimate how much they pay in taxes

FACT: 98% OF WELFARE IS CORPORATE WELFARE – AMERICANS ARE NEVER TOLD THIS IN THE MEDIA! BANKSTERS = #1 WELFARE QUEENS FOLLOWED BY DIRTY ENERGY AND MILITARY CONTRACTORS AND HEALTH CARE INSURERS AND PROVIDERS!

Health Care = “Insult to injury” = America’s #1 IN HEALTH CARE SPENDING DUE TO PRIVATIZED AND MONOPOLY INSURANCE COMPANY AND BIG PHARMA OVERCHARGING SCAMS = Somehow GOP calls this CORPORATE WELFARE “Social Spending” when it is PRIVATIZED OVERCHARGING CORPORATE FRAUD! = GOP LIES CALLING it subsidizing the lives of old people – BUT THEY LOVE THE BRIBES GOP GETS FROM HEALTH CARE SCAMMERS!

Bartlett = Charitable contributions just another MANIPULATED SCAM to KEEP + CONTROL + HIDE WEALTH! GOLDMAN CHARITY PAYS OUT NEAR ZERO% EATCH YEAR BUT GETS ON HECK OF A TAX WRITE-OFF!

Bartlett = Proposes a tax code that is not held hostage to the whims of the business cycle with NEAR ZERO market-distorting exemptions.

Bartlett = Says periodic renewal of R&D TAX credit = Corporate lobbyists can take credit for adding to their client’s bottom line + Justifies CORPORATE political contributions for renewal of R&D credit = Win-win for Elitists RICH and lobbyists + Politicians + Lobbyists!

FACT: Most Americans lack of tax knowledge RESULTS IN MASSIVE SCAMS OF THE MIDDLE CLASS! = Example is call ins on CSPAN making SILLY tax CLAIMS you can tell they are in the lowest tax bracket with no knowledge of the TAX CODE But they insist IRS is stealing their money. If you ask them if they have an IRA or 401(k) account and contribute the maximum amount or have they used the Earned Income Tax Credit or buy TAX-FREE MUNICIPAL BONDS – They go BLANK! They probably can completely AVOID taxes. Yet they know the 16th Amendment by heart from FOX.

Bartlett = BLAMES Grover Norquist for NO TAX REFORM = HIS OUTRAGEOUS UNCONSTITUTIONAL PLEDGE to VOTE NO ON ANY TAX ON THE RICH OR CORPORATIONS permeates the entire GOP EVIL and PLOT AGAINST AMERICANS. = ROB THE SAFETY NET TO GIVE BILLIONAIRES + MULTINATIONAL CORPORATIONS ZERO TAXES. NO ON CLOSING 14,000 LOOPHOLES!

Bartlett = IS A MUCH BETTER REPUBLICAN CALLING FOR REMOVAL OF MASSIVE LOOPHOLES FOR THE RICH AND CORPS BUT HE STILL WANTS TO DESTROY THE SAFETY NETS TO REDUCE TAX TOP RATES of 35% = When TOP TAX RATES WERE 94% During WW II and 91% under Eisenhower.

NORQUIST LIES = HE SAYS GOP should take credit for the economic boom of the mid-1990’s = “You’re arguing that the boom in the mid-1990’s wasn’t because of the Internet or because we were snapping back from a recession, but because the election of a Republican congress had a major confidence effect.” Norquist LIED and said “Yes.”

FACT: A tax code NOT Reformed since 1986 is NOW over-run with 14,000+ weeds. = STATUS QUO FRAUD ON 99% OF THE AMERICAN PEOPLE WITH BIG MULTINATIONAL CORPORATIONS AND BILLIONAIRES PAYING NEAR ZERO% IN TAX! = DEPRESSING GOP + CORPORATE DEMOCRAT CONTROL OF THE TAX SCAMS!

SAD FACT: Very few Americans seem to view taxes as a necessary burden to take on for the sake of preserving civilization + Right to do anything to save as much in taxes as possible with GOP PROPAGANDA AND ATTACKS ON IRS has become ingrained = JUSTIFIED THEFT FROM IRS and US GOVERNMENT! = Far too many people applaud those who figured out how to game the system and Pay less than their fair share (NEXT to NOTHING) to support the NATION they owe so much. = GOP + FOX criticize SOME social parasites but PRAISE TAX-DODGING PARASITES ON AMERICAN SOCIETY!

SAD FACT: MOST AMERICANS don’t seem to KNOW or care that MULTINATIONAL BILLIONAIRES AND THEIR BIG CORPORATIONS PAY NEAR ZERO% IN TAXES while they pay 25+% to 50% in some states.

AMERICANS = Too many think the concept of taxation as their contribution towards the cost of maintaining a quality nation and a civil society is a GOV LIE = Due to GOP + FOX PROPAGANDA!

GOP LOSSES IN 2008 and 2012 = McCain and Romney’s unpopularity is due to AMERICANS WAKING UP TO THE ELITISTS SCAMS AND FRAUD and MULTINATIONAL BILLIONAIRES AND CORPORATIONS PAYING NOTHING WHILE GAINING HISTORIC PROFITS SKIMMING MIDDLE CLASS WEALTH AND CREATING A GIANT PERMANENT POOR CLASS.

FACT: America’s future health depends on elitists and average Americans accepting that taxes are the price we pay for a FREE AND JUST Civilized America. = MUST DEBUNK GOP + FOX dogmas that still dominate our political discourse.

┈┈┈┈┈┈┈┈┈┈┈▶

MULTINATIONAL TAX DODGERS COST FAR MORE THAN UNEMPLOYMENT HELP!

GOOD TAX BREAKS = Relief for Foreclosure Victims + Energy Efficiency + Renewable Energy + Hiring Disadvantaged Workers + tax credits to revitalize Economically Depressed Areas

Two Corporate Tax Breaks cost AMERICAN MIDDLE CLASS TAXPAYERS

2 Tax breaks expired 2013 = TAX EXTENDERS

$1 TRILLION FRAUD = LOOPHOLES + SUBSIDIES = BAD TAX INCENTIVES = Subsidize $Multinational corporations

$76 Billion COST = BAD Tax Extenders for 2012-2013 = Part of the fiscal cliff deal.

GOP = FIGHTS EXTENDING long-term unemployment benefits for 2 Million jobless

GOP = LOVES CORPORATE WELFARE = “Active Financing” + “Look-Through” exceptions for foreign offices of US MULTINATIONALS = DEFERRED INDEFINITELY USING TRICKS

Taxes = Paid immediately on foreign earnings from Interest + Dividends + Rents + Royalties = PASSIVE INCOME CORPS EASILY PRETEND ARE FROM FOREIGN COMPANIES! = Shift income into foreign tax havens to TAX DODGE/AVOID

TRICK = ACTIVE FINANCING EXCEPTION = $Multinational BANKS FAKE their foreign PASSIVE banking and insurance earnings as ACTIVE INCOME = Defer US taxes on their foreign profits NEARLY FOREVER.

$11.2 Billion SCAM COSTING MIDDLE CLASS TAXPAYERS: Irish office of US MULTINATIONAL collects PASSIVE INCOME from Irish stocks and bonds but calls it ACTIVE INCOME to AVOID US TAXES by loaning money to Irish businesses. = SCAM

Lending of money = Can be located in any convenient TAX DODGING jurisdiction by 15 minute Incorporation of a BRANCH OFFICE in a FOREIGN TAX DODGING Country = Even if the loans are located elsewhere = USED TO HIDE AND TAX DODGE PASSIVE INCOMES on dividends, interest, and other passive gains.

Congress revived this SCAM in 1997 + Routinely extended it since = NO expiration

$1.5 BILLION SCAM = # 2 SCAM = Corporations treat foreign OFFICE passive income as active income = US manufacturer has distribution OFFICE in Germany financed by its Bermuda Office = Passive Interest payments from German Office to the Bermudan Office = NOT Taxed by US = $1.5 BILLION SCAM = LOOK THROUGH RULE = US MULTINATIONALS TAX DODGE by shifting their income from high-tax countries to low-tax countries. = Making investment decisions to minimize their tax bills, not to maximize economic value.

CORPORATIONS WANT THESE SCAMS to BEAT THEIR COMPETITION from abroad = MIDDLE CLASS LOSES TAX MONEY for building infrastructure, preschool education, or assistance to the long-term unemployed at home.

2 MULTINATIONAL SCAMS cost Middle Class more than 5-Month Extension of Long-Term unemployment benefits = A human and economic catastrophe if NOT DONE!

┈┈┈┈┈┈┈┈┈┈┈▶

A secret WORLD OF FRAUD (SYNDlCATE-STYLE MOBSTERS and OLlGARHS) has finally been revealed where OFFSHORE secrecy undermines law and order and FORCES average citizens to pay higher taxes to cover the MASSlVE OFFSHORE FRAUD.

Covert companies and private trusts in the

British Virgin Islands
Cook Islands
Cayman
Other offshore

TAX DODGES USED BY:

American doctors
US dentists
Lawyers
PONZl-SCAM ARTlSTS
Middle-class Greek villagers
Families and associates of long-time DESPOTS
Wall Street SWlNDLERS
Eastern European and Indonesian $Billionaires
Russian corporate OLlGARCHS
lnternational arms dealers
Construction BOOM FRAUDS
MASSlVE BRlBES
Philippine DlCTATORS $5 Billion
Sham front company for Iran

METHODS OF TRANSFER:

Cash transfers
LlNKS between SHAM Companies and individuals
Offshore financial TRlCKS around WORLD let wealthy, well-connected DODGE TAXES and HlDE corruption and CRlMlNALlTY!

Advertisements

Please Leave Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s