Dear Dirty America

DDA

Gotta Balance That Budget!

July 30
01:37 2011
Writes Bernie Sanders:

The rich are getting richer. Their effective tax rate, in recent years, has been reduced to the lowest in modern history. Nurses, teachers and firemen actually pay a higher tax rate than some billionaires. It’s no wonder the American people are angry. 

Many corporations, including General Electric and Exxon-Mobil, have made billions in profits while using loopholes to avoid paying any federal income taxes. We lose $100 billion every year in federal revenue from companies and individuals who stash their wealth in tax havens off-shore like the Cayman Islands and Bermuda. The sum of all the revenue collected by the Treasury today totals just 14.8% of our gross domestic product, the lowest in about 50 years.

Read the rest of the article, Why Americans Are So Angry 

Share

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Leave a Reply

Subscribe

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Dear Dirty America Copyright

© Dear Dirty America, 2011-2017. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Dear Dirty America with appropriate and specific direction to the original content.