Overall, the 288 companies in the study paid a mere 19.4 percent of their profits in corporate income taxes—far below the 35 percent rate on the books that Republican politicians use to incessantly complain that U.S. corporations are overtaxed.
The unwillingness of companies to fork over their fair share has consequences for all of us—especially in these hard times of fiscal cliffs and sequestrations. The 288 profitable corporations studied by Citizens for Tax Justice enjoyed tax subsidies to the tune of a whopping $362 billion from 2008 to 2012. This is $362 billion that could have been instead spent on education, health care, and social services for the betterment of all of us.
And with all this tax-dodging, the burden of running the federal treasury has shifted to you and me.
“Corporate taxes paid for more than a quarter of federal outlays in the 1950s and a fifth in the 1960s,” says the report. “In fiscal 2012, corporate taxes paid for a mere 7 percent of the federal government’s expenses.”
One of the more interesting revelations in the report is how corporations are masters at using arcane breaks to avoid paying any taxes at all. Take the deduction that companies get on stock options, in which they’re able to subtract from their taxes the difference between the amount employees pay for a company’s shares and the face value. Facebook used this one deduction to avoid paying any federal income tax at all in 2012 on a billion dollars of profit.
It is not an inaccurate or extreme statement to declare that ideological Republicans do not understand what it means to be human. They view human beings as economic units to be plugged at their lowest possible price into a maximally efficient market that provides the greatest possible returns on investment to the wealthy few, with any resulting human resentment and misery dulled by humility before a pleasure-fearing angry God promising rewards to the obedient in the hereafter. It is a dark, meager, shriveled and cramped vision of humanity.
To accept their worldview is to reject the essence of human identity and purpose. If human beings could create a sustainable world of plenty free from violence, war, hunger or want, a world in which human beings were free to devote 24 hours a day to the leisurely pursuit of whatever activities they wished so long as they harmed no one else, conservatives would be terrified.
It’s not so much that conservatives don’t believe such a world of boundless human potential is possible. It’s that they don’t want it to be possible.
The money spent on the March for Life alone could pay for prenatal care for around 6,600 women, or prenatal vitamins for nearly 250,000.
Wow. Way more than I estimated. How much good could that money have done?
Just a reminder that 73% of people who had abortions said they couldn’t afford a baby. Apparently it’s much more fun to organize mass shaming events (or build multi-million dollar “abortion memorials”) than it is to address the actual problem.
In 1969 the median salary for a male worker was $35,567 (in 2012 dollars). Today it is $33,904. So for 44 years, while wages for the top 10 percent have continued to climb, most Americans have been caught in a ”Great Stagnation,” bringing into question the whole purpose of the American capitalist economy. The notion that what benefited the establishment would benefit everyone, had been thoroughly discredited.
UPDATE: This petition must get 100,000 signatures by December 24th of this year! Boost this as much as you possibly can and make sure to sign!
In 31 states, rapists are allowed to sue victims they’ve impregnated for custody rights.
There’s a case in Boston, MA right now in which a rapist is taking advantage of this. He pleaded guilty of rape in 2011 and was sentenced to 16 years probation; however, this sentence includes 16 years of family court as well, which the victim must also attend. He’s using this to sue for joint custody of her child and will only withdraw his law suit if he is free from paying any form of child support. This entire sentence seems like much more of a punishment for the victim than it is for the rapist, and for the state to allow such a thing, the victim is suing.
As stated in the court complaint, “Even if the family court ruled in the [victim]’s favor on issues currently in dispute, such as whether the criminal defendant should be granted visitation rights to [her] child, [she] will suffer harm from the constant threat of new issues arising in family court until her child reaches adulthood, including, for example, efforts by the criminal defendant to seek to modify child support orders and enforce his parental rights at the trial court level and on appeal.”
If this woman is forced to attend 16 years of family court with her rapist, she is not only forced to confront a traumatic event that she should never have to deal with again, but she is subjected to the possibility of losing pieces of her child to him over and over again for all of those years. In addition to this constant state of fear and anguish she would face, just by being sent to something considered ‘family’ court—for her and her rapist—she’s being disrespected and her rape undermined by even the suggestion that this is a family situation. By doing this, the law is making felony into family.
In 31 states, rapists are actually given rights instead of having much of anything taken away. In being given these rights, they are being given the chance to further torment the woman and possibly abuse the child. It is not okay to reward rapists and further punish victims, and the ignorance of rape and how our justice system is handling it needs to turn around.
Please sign this petition to ban rapists from being able to sue for custody rights. This issue is so little known, yet so important, and I don’t know any better way of trying to make this change.
HOW ARE THERE LESS THAN A HUNDRED SIGNATURES!?!!
Come on, people!
Please for the love of cthulu sign this petition and reblog this post I almost have 2,000 fallowers if you all reblog and sign this will hopefully get the reach it needs to pull through if you dont i’ll disown you as a fallower
Hey fellow Americans-welcome to another day of “SENSELESS JUSTICE SYSTEM”
Today we get to sign a petition regulating common sense! And valuing the sanctity of not giving rights to people who don’t deserve them! Whoa new concept! But putting all that aside- I’m so livid right now I think I just threw up a little in my mouth.
Coming from someone who is crying thinking back on all the shit I went through dealing with a rapist who did circle back to torment me between the ages of 21-22 at my job, I can tell you folks; it’s not a position of power you feel. It’s absolutely terrifying. Seeing that person’s face again, hearing their voice, you’re just scared beyond reason and you can barely talk. Much less defend yourself. It’s something I wish I had gone without, and something I haven’t even really spoken about because it’s so harsh to think it even happened to me. I have trouble believing it myself.
Things I wouldn’t wish on anyone.
Please don’t just reblog this, I know it’s kind of annoying to create an account and sign in, but there are people out there who need you.
Don’t just read this and forget, do something.
Diane Ravitch on The Daily Show.
Ravitch is the queen. If only the government would listen…
We would also address poverty directly. We would increase the minimum wage and make post-secondary education cheap or free, and we’d improve improve unemployment benefits and offer free job-training to the unemployed.
Poverty is one of the few social ills where throwing money at the problem really does seem to work.
These are not radical, liberal ideas. In fact, in Europe most of them are associated with the more conservative parties, and many of them were associated with the American Republican party in the 80s. But the United States’s political climate is so different from anywhere else in the industrialized world that I fear we will just continue to get farther behind in education (and in % of people living in poverty) until we decide to make some big domestic investments.