By Jack Jodell, Apr. 8, 2011. Also posted on Roundtree7 (http://roundtree7.wordpress.com/)
So you think you’re paying too much in taxes? You ARE, but it’s not due to entitlements, as the crazy conservative Republicans and Tea Party faction claim!
You are paying too much because giant multinational corporations aren’t paying THEIR fair share, and because they have shifted all the tax burden away from themselves and onto YOU! Just take a look at the following graphs and charts that were gleaned from two fabulous new websites: http://www.usuncut.org/, and http://nationalpriorities.org/publications/2011/taxday-2011/revenues/ (left click on each diagram to make it larger, or just view the huge ones found at the actual websites).
As you see by this diagram, General Electric, Bank of America, Verizon, and Citibank paid ZERO taces even though their income and profits were in the BILLIONS of dollars! Not only that, but their CEOs received bonuses in the millions of dollars, and they spent millions of dollars of YOUR MONEY on lobbyists to influence Congress in THEIR favor. Does this seem fair to you? Of course not!
This second chart shows how, over the years, corporate taxes have dropped steadily, while yours and mine have steadily increased. To add insult to injury, many of these corporations received subsidies directly from the federal government, lowering their effective tax rate to a figure even lower than what is shown here. “Where’s MY subsidy?” you may be justifiably be asking yourselves!
This last graph shows how the corporate tax rate has steadily declined just since the 1970s. Consider that numerous corporations have put all their profits in overseas tax dodges like the Cayman Islands, it is very difficult to accept charges from blowhards like Sen. John McCain, Rep. Michele Bachmann, Mitt Romney, half-Governor Sarah Palin, or the biggest blowhard of all, tax-hater Grover Norquist – that American corporations are severely overtaxed and should have their taxes reduced even further!
Grover Norquist and the entire Republican Party in Congress are trying to make us believe that our budget situation is dire and that we must slash government spending. They rail about our deficit and want to privatize Social Security, Medicare, Medicaid, and do away with or privatize many other government programs. They care nothing about the needs of the poor, the handicapped, the sick, the elderly, or even the middle class. They are LYING to effectively weaken the government altogether, because they HATE it and want it to have no say in regulating greedy business interests for the public good. They believe there should be no restriction at all in a person’s ability to make as much money as he or she possibly can, even if in the pursuit of those monies people are victimized or stolen from.
Well, we liberals and progressives disagree entirely with that selfish and harmful belief. The American middle class is disappearing because it is under attack from far-right politicians and their plutocratic, sneaky, behind-the-scenes financiers like the Koch Brothers, and loud-mouthed wealthy pundits like Rush Limbaugh.
WE WON’T PUT UP WITH IT ANY LONGER! Here’s what you can do:
1. Take ALL of your money and holdings out of big banks like Bank of America and put it into credit unions.
2. SPREAD THE WORD—MAKE THIS BLOG POSTING GO VIRAL!
3. Stop watching corporate media and instead get your news from non-corporate, viewer-supported sources like LINK TV, Free Speech.org, the BBC, public television, and NPR.
4. WRITE YOUR SENATORS AND CONGRESSPERSONS AND TELL THEM YOU WANT A FAIRER TAX CODE WITH NO CORPORATE LOOPHOLES. TELL THEM NOT TO VOTE FOR TAX CUTS FOR BILLIONAIRES, OR BUDGET CUTS THAT WILL HURT NEEDY PEOPLE!
5. Get your friends and organize a new PEOPLE’S PARTY faction to caucus at next year’s local Democratic Party caucuses. Take a stand there against corporate greed and nominate new, progressive candidates who will support fairer taxation!
What these corporations have been doing to us is indefensible and outrageous! MAKE THIS POST GO VIRAL AND TELL THE WORLD YOU AND I AREN’T GOING TO TAKE IT ANYMORE!!!