As we fumble around with paperwork and calculators on this second-to-last day to file personal income taxes, many of us Americans will grumble and gripe about folks who cheat on taxes and get away with it.
But those tax cheaters aren't the real problem, according to a recent online posting by Frugal Dad. The real slap in the face to us regular, real (i.e. "non-wealthy") Americans are the ones who are legally getting away with paying little if any taxes, and despite millions - even billions - in earnings.
"Only 1% of taxes on wages and salaries goes uncollected; however, it’s estimated that every year the U.S. Government loses $100 billion to legal tax havens employed by corporations and multi-millionaires," reads the recent entry by Frugal Dad Jason.
Take Google, for example, which shuffles its U.S. earnings offshore for much lower tax rates in other countries. Or presidential candidate Mitt Romney, who we've known for some time to send his earnings to the Cayman Islands (and, we recently learned, to Swiss bank accounts, too).
See Jason's interesting graph below:
But those tax cheaters aren't the real problem, according to a recent online posting by Frugal Dad. The real slap in the face to us regular, real (i.e. "non-wealthy") Americans are the ones who are legally getting away with paying little if any taxes, and despite millions - even billions - in earnings.
"Only 1% of taxes on wages and salaries goes uncollected; however, it’s estimated that every year the U.S. Government loses $100 billion to legal tax havens employed by corporations and multi-millionaires," reads the recent entry by Frugal Dad Jason.
Take Google, for example, which shuffles its U.S. earnings offshore for much lower tax rates in other countries. Or presidential candidate Mitt Romney, who we've known for some time to send his earnings to the Cayman Islands (and, we recently learned, to Swiss bank accounts, too).
See Jason's interesting graph below:
Source: Frugal Dad
(Special thanks to Diana, Outreach Coordinator at FrugalDad.com, for sending me the link and suggesting I post it here.)
****
Also see:
"Dollar Bill Protest Underway"
"6 executive bonuses equal 2.86 million jobs"
"DeMint defends Romney's 'not concerned about the very poor' comment"
"Don't care about the very poor?"
****
Also see:
"Dollar Bill Protest Underway"
"6 executive bonuses equal 2.86 million jobs"
"DeMint defends Romney's 'not concerned about the very poor' comment"
"Don't care about the very poor?"
RSS Feed
