Sun Nov 25, 2012, 11:01 PM
applegrove (68,882 posts)
"Ten Numbers the Rich Would Like Fudged" by Paul Bucheit at AlterNet
Ten Numbers the Rich Would Like Fudged
by Paul Bucheit at AlterNet
2. Only FOUR OUT OF 150 countries have more wealth inequality than us.
In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.
3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.
The Tax Justice Network estimated that between $21 and $32 trillion is hidden offshore, untaxed. With Americans making up 40% of the world's Ultra High Net Worth Individuals, that's $8 to $12 trillion in U.S. money stashed in far-off hiding places.
Based on a historical stock market return of 6%, up to $750 billion of income is lost to the U.S. every year, resulting in a tax loss of about $260 billion.
4. Corporations stopped paying HALF OF THEIR TAXES after the recession.
After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.
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"Ten Numbers the Rich Would Like Fudged" by Paul Bucheit at AlterNet (Original post)
|Joe Shlabotnik||Nov 2012||#3|
|Nye Bevan||Nov 2012||#5|