Romney went to the trouble of filling out a Form 4684 (Casualties and Thefts) to report losses of $39. One can only wonder what was broken or stolen. I like to think that the $39 were lost in the world’s smallest shipwreck. I guess it’s just the romantic in me.
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
To keep corporate income taxes low, either we have to keep individual income taxes high or we have to cut back on government services. In other words, it’s corporations versus people. That’s not class warfare. That’s simple arithmetic.
By defunding the IRS Congress has virtually eliminated the audit threat for the wealthy, in effect handing dishonest individuals a massive tax cut.
Congress should stop playing politics with the payroll tax cut and make it permanent by extending Social Security taxes to everyone.
Today’s super rich can’t turn tin into gold. But they can get Uncle Sam to loan them free money. At the expense, of course, of America’s bottom 99 percent.
By statute, corporations are supposed to face a basic 35 percent income tax on their corporate profits. Over the last three years, a new Citizens for Tax Justice report documents, top U.S. corporations have actually been paying only 18.5 percent of their profits to Uncle Sam.