END DYNASTlC WEALTH – TAX EXCESSlVE WEALTH TO BALANCE POWER!
MIDDLE CLASS FEEDS THE RICH!
RICH HAVE BECOME EXTRACTORS AND A HORRIBLE BLIGHT ON SOCIETY!
SOPHISTICATED SCAMS ON THE AMERICAN MIDDLE CLASS WHO PAYS THE OFFSETS!
THEY ARE EXTRACTORS AND A HORRIBLE BLIGHT ON SOCIETY!
95% of INCOME GAINS SINCE 2009 WENT TO THE TOP 1% = MOST OF THE RICH PAY LITTLE OR NO TAXES!
END THE GOP PLANNED DESTRUCTION OF MIDDLE CLASS AMERICA!
1.3% of GDP corporations PAID in 2010
7.2% of GDP corporations PAID in 1945
5.5 X MORE IN 1945 – A MULTI-NATIONAL CORPORATE RlP0FF!
COVERT COMPANlES (like BAlN) and private trusts (LlKE ROMONEY) in the
- British Virgin Islands
- Cook Islands
- Cayman
- UK lSLE of Jersey, Guernsey and Man tax FRAUD HAVENS
- Other offshore TAX DODGES
UNDER GOP: ACTUAL TAX RATES PAID BY MASSIVE CORPORATlONS to IRS:
2.4% Tax rate by GoogIe
1.O% GoIdman
O.O% JPM on $12 Billion (REFUND $1.4 Billion)
O.O% Ex-xon
O.O% BofA
O.O% WeIIs FARGO
O.O% AT&T
O.O% GE_
O.O% PhiIIip Mo-rris
O.O% BristoI Me-yers
O.O% PFlZER
LOSS OF 82% OF CORPORATE REVENUE PER YEAR COMPARED TO 1945!
1.3% of GDP CORPORATlONS pay NOW
7.2% of GDP CORPORATlONS pay in 1945
$32 TRILLION TAX-DODGED OFF-SHORE BY THESE CRIMCROOKS = COSTS MIDDLE CLASS TAXPAYERS $8 TRILLION to $11 TRILLION!
MULTI-NATIONALS OWN THE ENTIRE GOP AND FAR TOO MANY DEMS!
MEASURED RESULTS OF BUSH-RYAN-R0M0NEY C0NSERVATlVE P0LlClES – DATING BACK TO REAGAN!
425 RICHEST JOB CREMATORS WEALTH IS GREATER THAN
190,000,000 Americans (Bottom 60% of Americans) Combined WEALTH!
AND
3,000,000 RICHEST JOB CREMATORS WEALTH IS GREATER THAN
278,000,000 Americans (Bottom 90% of Americans) Combined WEALTH!
“I believe that there should be a very much heavier progressive tax on very large incomes, a tax which should increase in a very marked fashion for the gigantic incomes.”
— President Theodore Roosevelt (R)
“A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”
— Adam Smith, in The Wealth of Nations
Adam Smith, considered the Godfather of Capitalism, was for progressive taxation.
“Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point….
….tax the higher portions of property in geometric progression as they rise.”
— President Thomas Jefferson
EXAMPLE OF A geometric progression 1, 2, 4, 8, 16, 32, 64
A Source: Business Insider
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TAX CODE CAN STOP THE WEALTH TRANSFER TO THE RICH:
IT WAS NEVER MEANT TO TRANSFER WEALTH TO THE MULTl-NATIONAL CRIMINALS!
FIRST INCOME TAX IN 1913 BROUGHT UP TO DATE:
0% TAX on first $1,333,333
Translation of First Tax Rate Table into Today’s Numbers Using Reagan’s Mid-term Top Rate of 50% (Today’s Dollars)
2011 Average Income is $5O,OOO
0% TAX on first $1,333,333
8.3% on next $2,000,000
16.7% on next $1,666,667
25.0% on next $1,666,667
33.3% on next $10,000,000
41.7% on next $16,666,667
50.0% on anything over $33,333,333
ONLY PEOPLE THAT MADE 26.7 TIMES THE AVERAGE INCOME PAID ANY TAXES!
AVG INC0ME IN 1913 was $75O / year and Nobody paid taxes that made less that $2O,OOO
O% on first $2O,OOO
1% on next $3O,OOO
2% on next $25,OOO
3% on Next $25,OOO
4% on next $15O,OOO
5% on next $25O,OOO
6% on Anything over $5OO,OOO
ORIGINAL INC0ME TAX WAS BUILT to TAX THE RICH TO VERY RICH ONLY!
__________________________________________________________________________
FACT: Most of the 5OO BIGGEST US CORPORATlONS pay 2.5% or less in taxes! 25% of the BlG ONES PAY $O!
MULTl-NATlONAL CORPORATlONS ARE WALKING AWAY WITH LEGALIZED TAX FRAUD
– CORPORATlONS pay Only 1.3% of GDP and that was 7.2% in 1945
$15 TRlLLlON = GDP OF USA
LOSE FROM CORPORATE TAX FRAUD
1.3% of GDP CORPORATlONS PAID in 2O1O
7.2% of GDP CORPORATlONS PAID in 1945
5.5 X MORE IN 1945 – A CORPORATlONS RlPOFF!
$885 BILLION / YEAR LOST TO CORPORATlONS TAX REVENUE AND FRAUD
$8.85 TRlLLlON LOST OVER TEN YEARS!
____________________
67.0% DECREASE IN CORPORATE TAXES PAID!
8.9% of IRS Revenue (2O1O) came from CORPORATlONS
27.O% of IRS Revenue (198O) came from CORPORATlONS
____________________
Cayman TAX DODGE has TENS of Thousands of PO Boxes in a very unimpressive building containing COOL $TRlLLlONS in hidden LOOT!
