Tax Haven Use Costing Americans $150 Billion/Year

05 Apr 2013 07:27 #11 by OmniScience

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.


You are 100% correct, Chick. But, you're wasting your time with her. Sadly, she is an angry, mean-spirited person that somehow thinks that her venom filled diatribe actually makes a difference to those who thoughtfully seek answers. I've had her on ignore for over a year now. Life is waaayy too short for people like that.

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05 Apr 2013 08:29 #12 by FredHayek

LadyJazzer wrote:

Tax Haven Use Costing Americans $150 Billion Per Year: Study

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...


Like tilting at windmills? That 150 billion can buy you a lot of politicians, from both parties.

Thomas Sowell: There are no solutions, just trade-offs.

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