YOU BET YOU’RE PAYING TOO MUCH IN TAXES!

By Jack Jodell, Aug. 8, 2011. Also posted on THE SATURDAY AFTERNOON POST http://jackjodell53.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!!!

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About jackjodell53

I am an American Dissident trapped in a country where poor and middle class people are constantly being exploited and lied to by a very rigid and conservative plutocratic elite. I believe in government OF, FOR, and BY the people, not one controlled as it now is by corporations and special interests.
This entry was posted in Commentary, conservative Republicans, corporate greed, taxes, Tea Party. Bookmark the permalink.

7 Responses to YOU BET YOU’RE PAYING TOO MUCH IN TAXES!

  1. Norman says:

    Well Jack, you sure do know how to wake up the senses beyond that first cup of full espresso. To quote a line; “A little revolution now and then, is a good thing, don’t you think”? With that in mind, I shall do my level best to spread the word.

  2. osori says:

    Jack,
    Excellent my friend. I yanked my savings from BofA and put it in my local credit union, they’ve treated me great. Very good charts, I try to point these facts out to people who say our corporate taxes are the highest in the world-theoretically it’s true, as you point out the facts are completely different. If the Right really wanted tax reform, they’d close the loopholes FIRST-but because it’s just a talking point it ain’t never gonna happen. Shared and liked man!

    • jackjodell53 says:

      Thank you, Oso! The right does the same thing with taxes that they do with abortion: they use it as a political tool against the left while doing absolutely nothing about it except pursuing bogus symbolic gestures. All the right want to do is play politics; they’re not interested in the least about solving this country’s major problems. To them, the only problem the country has is that corporate and billionaires’ profits may be affected by something the left does. They are a dishonest and disgusting lot who will lie, cheat, steal, or kill to obtain and stay in power.

  3. I must agree! A little revolution, I doubt, will achieve the purpose… we are going to have to have a major wake the eff up! Good stuff Jack Jodell!
    🙂

  4. Krell says:

    One of the most confusing paradoxes of our time is how the Republican party has succeeded in making the victim the cause of the problem.

    State budget shortfalls? It’s the cost of labor unions and those damn pensions
    Business revenue down? Too many regulations and too many taxes.
    Oil prices too high? We can’t drill enough offshore or in National Parks

    And the stupid and ignorant believe the crap. Hell, they will march and protest saying their wages are too high if the media spin doctors wanted it. Incredible!

    It really does not surprise me about GE and others not paying taxes. The laws and tax codes are setup to allow them to do it. Corporations are not moral or amoral. They just do what benefits the bottom line. They will always do that!! If a nice juicy steak is put before a pack of hyenas, do you fault the hyenas? No.. they are just doing what they do. You fault the person who allowed the situation to begin with. The problem is the regulation and law writing has been corrupted! The system is broken because it’s payed for. Been bought up!

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