Worried about the federal deficit? Then you're worried about foreign tax havens, the use of which is costing the U.S. $150 billion per year in the form of lost tax revenues, according to academic studies cited by a recent report from U.S. PIRG, a left-leaning consumer group. To break it down, corporations account for $90 billion of the lost revenue, and individuals make up the other $60 billion.
Offshore tax evasion has become a hot-button issue of late, after a September Senate report alleged Apple, Google and Microsoft moved profits overseas in an aim to dodge taxes. Overall, U.S. companies are now holding a record $1.9 trillion of their profits abroad, according to a recent Bloomberg report.
Wow... Want to reduce the deficit by another $150 BILLION/Year?... Close the teabagger loopholes that the corporations, and the vultures like Mitt-Flop use...
Somebody please stop me. Did you know that the venture capitalist company headed up by John Doerr that owns Google is also.................. Drum roll please.
LadyJazzer wrote: You obviously have me confused with someone who gives a sh*t which party these tax-avoiding / tax-cheating vermin are.....
$150 Billion is $150 Billion.
LadyJazzer wrote: Wow... Want to reduce the deficit by another $150 BILLION/Year?... Close the teabagger loopholes that the corporations, and the vultures like Mitt-Flop use...
Are those not your words? Are they not implying that only conservatives hide money offshore?
It's ok Grammy you can't make this stuff up KissyFace:
It wouldn't have mattered how I phrased it, and you know it... Good ol' RMoney and his mega-millions hidden in the Caymans, Bermuda and Switzerland were on my mind; and Adelson, and.....
You obviously have me confused with someone who gives a sh*t which party these tax-avoiding / tax-cheating vermin belong to.....
It does Matter LadyJazzer. If you worded your posts without insulting language inserted into each and every one of them, I think you would find much more acceptance and agreement. Seriously, try it for a week. You might even like a world where every word doesn't drip with intolerance and contempt. That goes for everyone here, left and right. I believe we share a lot more in common that we imagine.
chickaree wrote: It does Matter LadyJazzer. If you worded your posts without insulting language inserted into each and every one of them, I think you would find much more acceptance and agreement. Seriously, try it for a week. You might even like a world where every word doesn't drip with intolerance and contempt. That goes for everyone here, left and right. I believe we share a lot more in common that we imagine.
