Offshore Tax Havens – Say Hello To The Tax Man

Death and taxes are the two main constants in life. While most of us worry when April 15th comes a knockin’, the corporate CEOs take the Bobby McFarrin approach – Don’t Worry, Be Happy. The reason for this laid back attitude when it comes to paying the tax man is…

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Things That Appall Me

Pro Right-to-Work wingnut Walker supporter, Diane Hendricks, star of the now-famous video where Walker declares his intent to “divide and conquer,” paid no corporate income taxes in 2005, 2006, 2007 and 2008. During a three-month period in 2012, Hendricks donated $500,000 to Walker’s campaign, according to the Wisconsin Democracy Campaign. She is the…

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Corporate Profits vs Corporate Taxes

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Corporate Tax Rates – Not So High, Mr. Ryan

At least not according to Citizens for Tax Justice and the Institute on Taxation and Economic Policy who surveyed 280 multi-billion-dollar companies and found the effective tax rate averaged 18.5%, not the 35% statutory rate the TeaOP are so fond of quoting.  Sorry, Paul.  Wrong again.

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Is He Lying or Stupid?

Paul Ryan (R- Wall St.) likes to tell anyone who will listen that we have the highest (or second highest) corporate tax rate in the world. H/T Bob Cesca: The United States actually has the second LOWEST corporate tax rate in the world. Ryan may actually be telling the truth,…

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