Announcments
  • REALIST NEWS: Where you don't have to worry about drama. No Spam posts and STAY ON TOPIC. This is an important news website.

When posting content located on some other website, please post no more than 20% of their content and always provide a link. Also, Multiple forum handles/IDs are NOT permitted.
If you see a spam post please click the "Report" button on that specific post. Also, what I don't want on my forum is name calling and cussing at people or direct insults. Thanks


Post Reply 
 
Thread Rating:
  • 1 Votes - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5
If states & cities taxed the rich the same rate as middle class, they’d have $200Bil
04-23-2015, 03:39 AM (This post was last modified: 04-23-2015 03:41 AM by Thinker.)
Post: #1
If states & cities taxed the rich the same rate as middle class, they’d have $200Bil
0
0
If the rich paid the same state and local tax rate as the middle class, states and cities would have tens of billions of dollars more a year in public revenue, according to a new report from two left-leaning policy groups. The analysis comes as many newly elected state legislatures open their annual sessions debating how to deal with budget shortfalls.

Last month, the nonpartisan Institute on Taxation and Economic Policy found that the poorest 20 percent of households pay on average more than twice the effective state and local tax rate (10.9 percent) as the richest 1 percent of taxpayers (5.4 percent). The report out Friday from Good Jobs First and the Keystone Research Center finds that if tax laws were changed to compel the highest income earners to pay the same rate as everyone else, states and localities would rake in $128 billion a year in new revenue. If just the top 1 percent of earners were compelled to pay the typical middle-class tax rate, the report says the change could raise $68 billion in revenues.
http://investmentwatchblog.com/if-states...year-more/

U.S. would be different if the 1% paid what they owe.

Convicted Tax Cheat Attended '47 Percent' Romney Fundraiser

A cache of secret documents has thrust HSBC, the world’s second largest bank, into the limelight for helping international clients dodge taxes. A series of articles published by the International Consortium of Investigative Journalists is finally pushing reluctant governments to act almost eight years after the original leaks.

The scandal began when Hervé Falciani, a Swiss employee of HSBC, blew the whistle in 2007 and handed over a stack of files on the bank's clients to French government authorities, who later shared the files with officials in Spain, the United Kingdom and the United States, among other countries. The files, which cover the period from 2005 to 2007, shed light on some 30,000 account holders with almost $120 billion in assets. They show that HSBC’s Swiss bank staff routinely doled out bundles of untraceable cash and advised clients how to circumvent domestic tax regulations.
http://www.realistnews.net/Thread-detail...light=HSBC

Thinker, proud member of Realist News since Nov 2013.
Find all posts by this user
Quote this message in a reply
04-30-2015, 03:15 AM
Post: #2
Income Tax is Government Theft...
0
0

Thinker, proud member of Realist News since Nov 2013.
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread Author Replies Views Last Post
  Underground Cities TheDove 4 1,636 08-19-2018 01:43 PM
Last Post: Thinker
  Trump’s First Executive Order Guts IRS Enforcement “Frees Middle Class of Obamacare P Arctic 1 2,677 02-03-2017 08:15 PM
Last Post: millennialblueprint
  UPDATE 2:US Official: Hackers Targeted Election Systems Of 20 States "voter Fraud" etuHad4 0 1,798 09-30-2016 08:32 PM
Last Post: etuHad4
  BS: Talk of surprise interest-rate hike in the air as Fed meets Sep19 etuHad4 0 1,730 09-19-2016 02:58 PM
Last Post: etuHad4
  x-class eruption today would be facing the earth, akadanflipper 47 17,818 06-27-2016 10:03 PM
Last Post: fr3d
  Why Are Millionaires Fleeing Chicago & Other Major Global Cities? Thinker 2 2,363 04-16-2016 08:50 PM
Last Post: Thinker
  S300 missiles delivered to Iran from Moscow - Middle East war on hold? Thinker 1 1,452 04-12-2016 12:42 PM
Last Post: Thinker
  The President of the United States: The People Speak Thinker 1 2,004 04-09-2016 10:26 PM
Last Post: Thinker
  Human Experimentation Rampant in the United States Thinker 1 1,635 03-28-2016 11:47 AM
Last Post: Thinker
  Move Over Homeless People! - 100,000 Refugees to Arrive in 180 American Cities.... Thinker 2 2,576 03-18-2016 09:18 AM
Last Post: Thinker
  Al-Qaida returns to Middle East moving into Syria - Propaganda just doesn't' stop! Thinker 2 2,166 03-15-2016 05:14 PM
Last Post: Thinker
  Taking out the Middle Man to Prevent the Truth Thinker 3 2,354 03-12-2016 07:33 AM
Last Post: Thinker
  Feds arrest Bundy supporters in six states as BLM land grab expands Thinker 1 1,840 03-07-2016 11:06 PM
Last Post: Thinker
  $700,000,000,000.00 Offset Bond delivered / issued to the UNITED STATES TREASURY minhaalma 1 5,860 02-15-2016 01:33 PM
Last Post: Thinker
  Something Strange Is Taking Place In The Middle Of The Atlantic Ocean silversurfer 2 2,367 12-18-2015 09:33 PM
Last Post: fr3d
  Everything is a rich man's trick Arbiter 1 1,895 11-29-2015 10:54 PM
Last Post: Thinker
  Obamacare & 2016 Health Insurance Rate Hikes Will Destroy U S A-Must Watch By JSNIP4 silversurfer 2 2,391 11-11-2015 06:04 AM
Last Post: silversurfer
  2013 U.K. Queen Elizabeth speech on new laws & future changes - who gets rich? Thinker 2 2,567 08-23-2015 04:11 PM
Last Post: Thinker
  FASCIST MADNESS: HPV Vaccine ‘Mandated’ for All Rhode Island Middle School Students silversurfer 2 2,325 08-05-2015 07:52 PM
Last Post: Thinker
  ‘Guilty’: Ex-UBS & Citigroup trader jailed 14yrs for key rate manipulation Thinker 0 1,731 08-04-2015 12:37 AM
Last Post: Thinker

Forum Jump:


User(s) browsing this thread: 1 Guest(s)