Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, August 06, 2012

AWARD-WINNING INVESTIGATIVE REPORTERS DONALD BARTLETT AND JAMES STEELE EXPLAIN HOW AMERICA'S MIDDLE CLASS HAS BEEN DECIMATED OVER THE YEARS DUE TO POLICIES GOVERNING NOT ONLY TAXES BUT ALSO BANK REGULATIONS, TRADE DEFICITS, AND PENSION FUNDS.












MONDAY, JULY 30, 2012 

Pulitzer-Winning Reporting Duo Don Barlett and James Steele on "The Betrayal of the American Dream" (Part 1) 

http://www.democracynow.org/2012/7/30/pulitzer_winning_reporting_duo_don_barlett

The famed award-winning investigative reporting team of Donald Barlett and James Steele have just published a new book, "The Betrayal of the American Dream," a followup to their landmark bestseller, "America: What Went Wrong?" As Republicans and Democrats continue disputing who should bear the brunt of the tax burden, Barlett and Steele argue that America’s middle class has been decimated over the years due to policies governing not only taxes but also bank regulations, trade deficits and pension funds. Their book chronicles how the American middle class has been systematically impoverished and its prospects thwarted in favor of a new ruling elite. Barlett and Steele have worked together for more than 40 years, sharing two Pulitzer Prizes and two National Magazine Awards. The duo join us for the hour to discuss the assault on the middle class, the great tax heist, deregulation, the outsourcing of U.S. jobs by companies like Boeing and Apple, and the end of retirement. "People are going to have to work forever, and yet what are those jobs going to be? What are they going to pay? And it also puts pressure then on people coming into the workforce. How are they going to get a job if people are having to work between 65 and 75 years old?," Steele says. The duo also discuss their past reporting on the 2002 Olympics in Salt Lake City, headed by the Republican presidential candidate, Mitt Romney, and note he headed "an Olympic committee where that entire operation raided the federal Treasury like no other Olympics in history." Click here to see part two of this interview. [Original includes rush transcript]

Guests:
James Steele, contributing editor at Vanity Fair. Steele and his reporting partner Donald Barlett have won virtually every major national journalism award, including two Pulitzer Prizes and two National Magazine Awards. Their latest book is The Betrayal of the American Dream.

Donald Barlett, contributing editor at Vanity Fair. Barlett and his reporting partner James Steele have won virtually every major national journalism award, including two Pulitzer Prizes and two National Magazine Awards. Their latest book is The Betrayal of the American Dream.

Friday, April 15, 2011

Corporate Tax Rates, Then and Now


By Barry Ritholtz - April 14th, 2011, 7:15AM



GE paid no taxes; Goldman Sachs paid $14 million last year. The GAO reported in 2008 that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005.”


Companies have become all too astute at paying for loopholes which allow them to shift profits abroad, or move their gains (on paper) to foreign low-tax/no-tax nations.

Since tomorrow is April 15th, it is a good time to look at the overall tax payments corporations have made. As the graphic below shows, the change in corporate taxes — not merely rates, but what they actually paid — over the past half century is astounding.

Source:
Loophole Land: Time to Reform Corporate Taxes
Graphic PDF
Demos, APRIL 12, 2011

http://www.ourfiscalsecurity.org/taxes-matter/2011/4/12/loophole-land-time-to-reform-corporate-taxes.html