30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010 December 10, 2011 Print Version Source: International Business Times By employing a plethora of tax-dodging techniques, 30 multi-million dollar American corporations expended more money lobbying Congress than they paid in federal income taxes between 2008 and 2010, ultimately spending approximately $400,000 every [...]
GE Filed 57,000-Page Tax Return, Paid No Taxes on $14 Billion in Profits November 18th, 2011 Via: The Weekly Standard: General Electric, one of the largest corporations in America, filed a whopping 57,000-page federal tax return earlier this year but didn’t pay taxes on $14 billion in profits. The return, which was filed electronically, would [...]
Wall Street Transaction Tax Would Raise $350 Billion WASHINGTON — A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine years, according to an analysis by the Joint Tax Committee, a nonpartisan congressional scorekeeping panel.The analysis was sent Monday to the offices of Sen. Tom [...]
Dems seek $1 trillion tax hike, $3 trillion deficit cut from supercommittee October 27, 2011 Print Version Source: The Hill Democrats have proposed more than $1 trillion of tax increases in a $3 trillion deficit-reduction plan that they dropped with a thud onto the negotiating table of Congress’s supercommittee. The plan proposed Tuesday by Senate [...]
Goldman Sachs let off paying £10m interest on failed tax avoidance scheme October 12, 2011 Print Version Source: London Guardian Britain’s tax authorities have given Goldman Sachs an unusual and generous Christmas present, leaked documents reveal. In a secret London meeting last December with the head of Revenue, the wealthy Wall Street banking firm was [...]
Thugs Demand $200 from Motorist on California Roadside Martin Hill, Yahoo! Contributor Network http://LibertyFight.com http://www.associatedcontent.com/article/8410111/thugs_demand_200_from_motorist_on_california.html?cat=9 (photo of bail check refund from Kern County is attached above ) With the economy continuing to falter and residents struggling to hold things together, those lucky enough to still be employed are facing coersion and penalties by roadside revenue agents [...]
GE Dumps Offshore Wind-Power Plans AFTER Collecting $125 Million In Stimulus From Taxpayers For Wind Projects September 14, 2011 Print Version Source: Daily Bail Best friends Obama and Immelt applaud as GE screws taxpayers once again. Source – Gateway Pundit GE was awarded 44 contracts totaling over $46,000,000 and 44 grants totaling more than$79,000,000 from the Obama-Pelosi $757 billion [...]
Tax Protest Over Increased Vehicle Taxes in Rhode Island Editor’s Note: Especially interesting are the comments from local residents and supporters of the protest. The Boston Tea Party – Wiki Image Barbara Polichetti The Providence Journal WARWICK, R.I. — A taxpayer rally to protest the city’s substantially increasing local car taxes got off to a [...]
Tax dollars fund shrimp on treadmills, Jell-O wrestling in Antarctica Share | May 27, 2011 Print Version Source: Washington Times The Senate’s top waste watcher, in a new report Thursday, said taxpayer money has gone to funding jello wrestling in the Antarctic, to testing the exercise ability of shrimp on a treadmill and to a [...]
How the US Government Will Seize Your Retirement Account By Simon Black Following in the footsteps of a rather ignominious list of nations like Argentina and Hungary, the government of lreland is set to take its ‘fair share’ of private retirement funds. Drowning in debt and faced with unpopular, unrealistic, ridiculously unpopular austerity measures, the [...]
30 Cents on Every Tax Dollar Collected Just to Cover Tax-Compliance Share | April 18, 2011 Print Version Source: Wall Street Journal There is a lot more to taxes than simply paying the bill. Taxpayers must spend significantly more than $1 in order to provide $1 of income-tax revenue to the federal government. To start [...]
By Ann Robertson and Bill Leumer (1) If the rich paid their fair share in taxes and if corporate loopholes were closed, the Wisconsin deficit would disappear overnight. The rich and the corporations have consistently lobbied to keep their taxes low. And by providing generous political contributions to both Democrats and Republicans, they have succeeded. (2) During [...]
With the Federal Reserve now actively participating in capital markets, it should be noted that just like every other asset manager, the Fed has to be held accountable for its trading efficacy. After all, the Treasury takes every opportunity to remind the US public how courtesy of record amounts of new government debt, it has [...]
World Bank signals that it and its cohorts control world’s gold Published on 11-08-2010 Email To Friend Print Version Share | Source: Bloomberg The development of a monetary system to follow on from 1971’s Bretton Woods II will take time, but it’s time to start, World Bank President Robert Zoellick writes in the Financial Times. This [...]
Cash-strapped governments ramping up tax-collection efforts Published on 10-22-2010 Email To Friend Print Version Share | Source: Washington Examiner Tax officials throughout the Washington region are trying new and often extraordinary measures to collect tens of millions of dollars in delinquent payments, as huge projected budget deficits threaten to slash public services. Together, Washington-area localities are [...]
