Links about Wealth Inequality, Libertarian fantasies, and Tax Avoidance

The Big American Bribery Scandal Isn’t Felicity Huffman’s $15,000

Billionaires hurt economic growth and should be taxed out of existence, says bestselling French economist

Robert Reich: Socialism for the Rich, Capitalism for the Rest “While the wealthy and powerful are coddled with public largesse, the rest of us are thrown into the jaws of an unforgiving economic system.” Good analysis of the intellectual core of the conservative movement.

Yahoo Finance: Not just Amazon: 60 big companies paid $0 in taxes under Trump law

Big businesses are faring better than ever under the Trump era tax law, the Tax Cuts and Jobs Act (TCJA). According to analysis from the Institute on Taxation and Economic Policy (ITEP), 60 Fortune 500 companies avoided paying all federal income tax in 2018 (with their total average effective tax rate being roughly -5%). That’s more than three times the number of companies that avoided paying corporate taxes on average from 2008 to 2015.

PolitiFact: Bernie Sanders on target saying 3 richest have as much wealth as bottom half of all Americans

A Message From the Billionaire’s Club: Tax Us

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018 “According to a report from the Institute on Taxation and Economic Policy (ITEP), Amazon (AMZN) will pay nothing in federal income taxes for the second year in a row.”

Forbes: United States Spend Ten Times More On Fossil Fuel Subsidies Than Education “US spent on these subsidies in 2015 is more than the country’s defense budget and 10 times the federal spending for education.” The Hidden Subsidy of Fossil Fuels “A new report says that the world subsidized fossil fuels by $5.2 trillion in just one year. But that calculation is less tidy than it seems.”

Corporations paid $91 billion less in taxes in 2018 under Trump’s tax law ” In 2018, according to data provided to Yahoo Finance by research firm Oxford Economics, corporations lowered their effective tax rate to just 7% — the lowest since 1947.”

‘Eye-Popping’: Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billion “The top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing.”

A devastating analysis of the tax cut shows it’s done virtually no economic good

Reaganomics killed America’s middle class

Federal Reserve report finds 1 in 4 adults skip necessary medical care due to cost

Nearly half of Americans support Alexandria Ocasio-Cortez’s 70% marginal tax on the super-rich, according a new poll

Amazon—and 56 Other Corporations—Took Your Tax Dollars “Sixty profitable corporations paid no federal taxes in 2018, twice the number that typically paid nothing in the years before the 2017 tax breaks took effect. In fact, it’s worse than that. Fifty-seven of these corporations demanded rebates from the government – which means taxpayers like you and me paid them to exist. These are corporations on the dole. They claim to hate socialism if it means Medicare for All, but they sure as hell love socialism when it’s welfare for them.” ” Last year, individual taxpayers provided more than half of federal income tax revenue and corporations contributed only 7 percent. Just four years ago, corporations accounted for 11 percent and individual taxpayers 47 percent. ”  As you can see in the following chart, the percent of revenue coming from Payroll taxes and Individual income taxes has increased, while the percent coming for the Corporate Income Tax has decreased.

Tax Revenue 1945 - 2017, from

Jimmy Carter Took Call About China From Concerned Donald Trump: ‘China Has Not Wasted a Single Penny on War’ Carter says that the U.S. has enjoyed only 16 years free from war in its 242 year history and recently spent $3 trillion on wars, while China has been war-free. No wonder China is overtaking the U.S.

Pentagon Spending Set to Hit Near-Record Levels, But ‘Establishment Says We Can’t Afford’ Progressive Policies

Socialism for the Rich, Capitalism for the Rest “Around 60 percent of America’s wealth is now inherited. Many of today’s super-rich have never done a day’s work in their lives. Trump’s response has been to expand this divide by cutting the estate tax to apply only to estates valued at over $22 million per couple. Mitch McConnell is now proposing that the estate tax be repealed altogether.”

A C.E.O. Who’s Scared for America Capitalism, he says, is slowly committing suicide.

Forbes: Report: The Department Of Education Has Spent $1 Billion On Charter School Waste And Fraud

Charter Schools Are Scamming the U.S. Government

Analysis: Koch Brothers Could Get Up To $1.4 Billion Tax Cut From Law They Helped Pass

Adelson plows $30 million of his $670 million tax windfall back into keeping Congress in GOP hands

The Trump tax law has big problems. Here’s one big reason why

Washington Again Rated Worst For Tax System If You’re Poor In Washington, the poor pay the most in U.S. in taxes. Rich people are getting a way better deal, according to a new study.

According to the nonpartisan Institute on Taxation and Economic Policy, Washington households that earn $24,000 or less per year pay almost 18 percent of their income in taxes.

The top 1 percent, households that earn $549,000 or higher per year, pay just 3 percent of their income in taxes.

GOP Tax Scam leads to U.S. budget deficit 40% higher than last year

Donald Trump nominates man whose firm tripled price of insulin to regulate drug companies

Amazon paid no federal taxes for the second year in a row

Amazon Will Pay a Whopping $0 in Federal Taxes on $11.2 Billion Profits

Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00.

According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won’t have to pay a cent in federal taxes for the second year in a row.

This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion to $11.2 billion between 2017 and 2018.

Why Medicare-for-All would save money

U.S. Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes

PolitiFact says it’s true: Top hedge fund managers make more than all kindergarten teachers combined

As inequality grows, so does the political influence of the rich Concentrated wealth leads to concentrated power

China imports zero U.S. soybeans in November for first time since trade war started

Taxpayers Will Pay for $12 Billion in Aid to Farmers to Cover Losses Caused by Trump’s Tariffs

Federal Deficit Jumps 17 Percent As Tax Cuts Eat Into Government Revenue

Bolton Threatens to Force Africa to choose between US and China The “West’s” political economies are spent forces, incapable of either keeping up with China’s phenomenal domestic growth — which should be seen as Beijing’s re-assumption of its historical status as the center of the world economy — or of competing with China in what used to be called the Third World. The system is collapsing at its imperial center, the United States, which is incapable of investing in its own crumbling infrastructure. Nor can the US maintain its non-military federal agencies, including the Internal Revenue Service.

Chinese billionaire Jack Ma says the US wasted trillions on warfare instead of investing in infrastructure

Verizon Trims 10,000 Employees Despite Billions in Tax Cuts and Government Favors “Killing net neutrality in particular was supposed to spur both job growth and investment.”

The Golden Age of Rich People Not Paying Their Taxes “An eight-year [Republican-led] campaign to slash the IRS’s budget has left the agency understaffed, hamstrung, and operating with archaic equipment. The result: a hundred-billion-dollar heist.” I have a friend who works as an examiner for the IRS; he said the same thing: they’re woefully understaffed.

Inside the Secretive World of Tax-Avoidance Experts

The Reason Many Ultrarich People Aren’t Satisfied With Their Wealth

Your Property Tax Hikes Are Charity for an Important Protected Minority – The Very Wealthy

I support higher taxes. The billionaire behind national debt clock has had it with Trump

Harley-Davidson is Moving Jobs Offshore Despite Tax Cuts and Subsidies

Amazon paid no US income taxes for 2017

The Great Kansas Tax Cut Experiment Crashes And Burns From Forbes. “After four years of below-average growth, deepening budget deficits, and steep spending reductions, the GOP-dominated Kansas legislature has repealed many of the tax cuts at the heart of Governor Sam Brownback fiscal agenda.”

The 1% grabbed 82% of all wealth created in 2017 From CNN

Billionaires Made So Much Money Last Year They Could End Extreme Poverty Seven Times
(From Time magazine!)

Billionaire Bill Gates Says He Should Pay ‘Significantly Higher’ Taxes

Who Pays? A distributional analysis of the tax systems in all 50 states Washington State’s tax system is the most regressive.

The Billionaire Bonanza: 5 Things You Need To Know About The Inequality Gap

There are now 2,043 dollar billionaires worldwide. Nine out of 10 of them are men.

In 12 months, the wealth of this elite group of 2,043 has increased by $762 billion — enough to end extreme poverty seven times over.

In the period between 2006 and 2015, ordinary workers saw their incomes rise by an average of just 2 percent a year, while billionaire wealth rose by nearly 13 percent.

Bill Gates, Jeff Bezos and Warren Buffett, the three richest people in the U.S., own the same wealth ($248.5 billion) as the bottom half of the U.S. population.

Wall Street bonuses soar 17% to an average of $184,200

Wall Street Bankers’ Average Bonus Jumps to Highest Since 2006

Wisconsin’s Voter-ID Law Suppressed 200,000 Votes in 2016 (Trump Won by 22,748)

Wall Street bonuses soar 17% to an average of $184,200

Wall Street Bankers’ Average Bonus Jumps to Highest Since 2006

Bill Gates: The private sector is completely ineptSince World War II, U.S.-government R&D has defined the state of the art in almost every area.

Nation’s top 1 percent now have greater wealth than the bottom 90 percent

15,000 scientists issue dire warning that “time is running out” on climate change

The desperate inequality behind global tax dodging

Why have we built a paradise for offshore billionaires?

World’s witnessing a new Gilded Age as billionaires’ wealth swells to $6tn

George Carlin on why America fights wars (first part)

I helped create the GOP tax myth. Trump is wrong: Tax cuts don’t equal growth.

Our Broken Economy, in One Simple Chart

Why drug tests for welfare recipients are a waste of money

I’m an American living in Sweden. Here’s why I came to embrace the higher taxes

In The Horrifying Hidden Story Behind Drug Company Profits and The Truth about the Drug Companies, a former Editor in Chief of the New England Journal of Medicine writes of the drug industry, “Instead of being an engine of innovation, it is a vast marketing machine. Instead of being a free market success story, it lives off government-funded research and monopoly rights.

Fighting Back Against the White Revolt of 2016

Pentagon buries evidence of $125 billion in bureaucratic waste

Post-Truth Nation

An Exhaustive List of the Allegations Women Have Made Against Donald Trump

Proof You Shouldn’t Blame Teachers For The Achievement Gap

10 Taxpayer Handouts to the Super Rich That Will Make Your Blood Boil

Tax Avoidance On the Rise: It’s Twice the Amount of Social Security and Medicare

How U.S. companies are avoiding $695 billion in taxes

The interesting thing that happened when Kansas cut taxes and California hiked them

The 7 Biggest Myths and Lies About Social Security

Confronting the Parasite Economy

Yes, Hillary is a Neocon

Report: 74% Of Billionaire Wealth From Rent-Seeking

The Real Reagan

Ex-Reagan adviser: Fox News is ‘self-brainwashing’ Republicans into a radical fringe party

About 95 of the 100 poorest counties in America are in Republican states

35 Mind-Blowing Facts About Inequality

The Pentagon Lost $8.5 TRILLION of Taxpayers’ Money

10 Government Handouts That Prove Who The Biggest ‘Takers’ Actually Are

This Billionaire Governor Taxed the Rich and Raised the Minimum Wage. Now, His State’s Economy Is One of the Best in the Country

The Rich Hide an Estimated 21 Trillion in Offshore Accounts

They Myth Behind Defensive Gun Ownership

Bernie Sanders Exposes 18 CEOs who took Trillions in Bailouts, Evaded Taxes and Outsourced Jobs

Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance

Look who doesn’t pay their fair share

CEO pay at Boeing, Ford exceeds companies’ tax bill

Washington State Is Flying Blind in a Storm of Corporate Tax Breaks

Microsoft doesn’t need our tax break

For-profit colleges get harsh grades by former students

Google Tax Avoidance

Where are Washington’s K-12 dollars? Just ask Microsoft shareholders

The Triggers of Economic Inequality

Another Study Finds Unaccountable Charter Schools Dogged by Corruption

Tax-subsidized Boeing Co. snubs state again

Eight things mainstream media doesn’t have the courage tell you

The Top Five Bank Bailouts We Never Heard About

Pro-Life? GOP Promotes Nine Out Of Ten Things That Cause Death In Unborn Children

Libertarian ‘Utopia’ Styled After Ayn Rand Book Spectacularly Falls Apart Almost Immediately

State-Level Tax Cuts Don’t Boost Job Growth, Study Says

Microsoft’s Staggering Tax Dodge Alone Would Fund the Entire State of Washington for Two Years

Microsoft Admits Keeping $92 Billion Offshore to Avoid Paying $29 Billion in US Taxes

Forbes: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance

10 Disgustingly Rich Companies That Will Do Anything To Avoid Paying Taxes

Reasons to oppose Hillary

Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion

United States Taxpayers Are Subsidizing Walmart

Rep. Grijalva Demands Federal Investigation into ALEC’s Role in Neo-Sagebrush Rebellion

Washington among the states with the best ‘return on investment’

Why Are Republicans Plotting To Sabotage A Crackdown On Tax Evasion?

Koch-backed political coalition, designed to shield donors, raised $400 million in 2012

Graph showing concentration of wealth into the top 0.1%

Add It Up: The Average American Family Pays $6,000 a Year in Subsidies to Big Business

The state that taxes the poor the most is a blue one (WA State)

The Self-Made Myth: The Truth About How Government Helps Individuals and Businesses Succeed

The 1 percent played Tea Party for suckers

Follow the Trillions (If You Can)

Medicare for all would save billions

Teaching people to hate their own government is at the core of the project to destroy the middle class

Eight Ways Privatization Has Failed America

We’re Taxing the Rich … and So Can You

Rich Entrepreneur: The Wealthy Aren’t Job Creators, Middle-Class Workers Are

What The Founding Fathers Thought About Corporations

Right-Wing Economics vs. Reality

Microsoft could find payoff, take high road by paying up taxes

We’re living in an Ayn Rand economy

The Biggest “Takers” and Societal Parasites Are the Rich, Not the Working Class and Poor

Apple Dodges Enough Taxes to Cover Much of the Sequester

In Blind Poll, Republicans Choose Progressive Budget Solutions Over Their Own Party’s

The U.S. Collects Smaller Percentage In Taxes Than Most Developed Countries: Study

If Corporations Don’t Pay Taxes, Why Should You?

F-35’s ability to evade budget cuts illustrates challenge of paring defense spending

Offshore Cash Hoard Expands by $183 Billion at Companies

Silicon Valley firms shelter assets overseas, avoid billions in U.S. taxes

65 Years of Tax Cuts for the Wealthy Created Record ‘Inequality’ Not ‘Prosperity,’ says Report

Romney’s Bain Closes U.S. Plant, Forces Workers to Train Chinese Replacements

10 Most Profitable U.S. Corporations Paid Average Tax Rate Of Just 9 Percent Last Year: Report

The Scam Wall Street Learned From the Mafia

Top US companies shelling out to block action on climate change

Ayn Rand-Loving Right Is Like Teen Boys Gone Crazy

Let’s just say it: The Republicans are the problem.

The Nation’s Take Action page

Six Rigged Rules Corporations Use to Dodge Taxes

Growth of Income Inequality Is Worse Under Obama than Bush

26 Major Corporations Paid No Corporate Income Tax For The Last Four Years, Despite Making Billions In Profits

Break Up the Big Banks, Says the Dallas Fed

The Rich Evade Taxes and We End Up Paying Their Share

10 Epic Failures of the Bush Tax Cuts

See a deceptive political ad? Report it!

Obama team sadly misinformed by job outsourcers

The Fireplace Deluision

How Ayn Rand Seduced Generations of Young Men and Helped Make the U.S. Into a Selfish, Greedy Nation

Dirt on Ron Paul

A rich American destroys the fiction that rich people create jobs

Washington Public Bank Project

Despite Supercommittee Failure, Republicans Intend to Get Their Pound of Flesh in 2012

Health Care: the Movie

America’s corporate tax obscenity

Email the 1% — Wall Street executives

Thomas Must Resign, Says Former Judge, Lover

Occupy Wall Street: The Right’s smear machine goes to work

The Occupy protests: A timely call for justice

North Dakota’s Economic Miracle

Panel tallies massive waste and fraud in wartime U.S. contracts

Why Amazon Can’t Make A Kindle In the USA

Barack Obama: more conservative than Richard Nixon?

Blast the Right (Jack Clark)

Why is the Most Wasteful Government Agency Not Part of the Deficit Discussion?

Sarah Palin: the Sound and the Fury

Infographic: One Day’s Worth of Millionaire Tax Cuts Would Feed Needy Families for a Year

Search Site Support the PJRC Fact Sheets & Flyers Afghanistan Contacts – House Afghanistan Contacts – Senate The Costs of Iraq and Afghanistan The Long Wars: Fatalities The Long Wars: Wounded Follow Tom on Twitter @TomEHayden NYT reported #Obama consi

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

Drop Fox News

FCC Commissioner Baker’s blatant conflict of interest

Alaska Lawyers Walk out in Protest of John Yoo

The Eleven Craziest Things Newt Gingrich Has Ever Said

Video: Sen. Sanders and Rep. McDermott Introduce Single-Payer Bills

Immigrants for Sale

BRICS: Shaking the world order

Alabama’s GOP Delegation Voted Against Funding for Tornado Forecasting

FAIR: Ignoring Trump’s record of racism

Close tax loopholes?

Al Jazeera: The African ‘Star Wars’ (on the quest for oil against China)

Rescue America — 4 point plan (Norman Goldman)

AP Pranked Into Printing Fake Story About GE’s “Generosity”

The ‘Judicial Independence’ of Justice David T. Prosser – A BRAD BLOG Special Investigation

The Solution: Close Tax Loopholes

Dumb Bill O’Reilly interviews Richard Dawkins

Mitt Romney Haunted By Past Of Trying To Help Uninsured Sick People

Need help choosing your religion?

Pay Your Taxes? These 10 Companies Didn’t.

Is it that scary and unpopular to close tax loopholes?

The Real Housewives of Wall Street

Washington Conservation Voters legislative scorecard

9 Things The Rich Don’t Want You To Know About Taxes

Justice Department Asks Spain Not to Prosecute U.S. Torturers

Comparing Public and Private Sector Compensation over 20 Years

How Amazon (like Boeing and GE and Microsoft…) avoids paying state sales taxes

Stop WikiLeaks torture (real-time signing)

Lawsuit filed over Basic Health cuts to poor people

To The American Media: Time To Face The Reality Of Election Rigging

Mike Huckabee Says He Wants Americans To Be Indoctrinated At Gunpoint

Bob Fitrakis on Ohio Republicans’ New Jim Crow Voter ID law that Disenfranchises 900,000 Voters

Koch Brothers Exposed

Meet Jim Messina, Obama’s ‘Enforcer’ Against Progressives

Stockman: Bush Tax Cuts Will Make U.S. Bankrupt

Smart ALEC: Dragging the Secretive Conservative Organization Out of the Shadows

Half a Million Protestors on the Streets of London; Silence in the US Media

General Electric: King of the Tax Dodgers

Inside Job: How Goldman Sachs got away with crimes

The Must See Chart (This Is What Class War Looks Like)

Phase-out for Washington’s Biggest Polluter

Koch And Native-American Reservation Oil Theft

Mother grieveing fallen US soldier

Wealth for the Common Good

Shoes for President Obama

Washington’s Environmental Priorities

Obama dodges calls to … stand with unions

More Evidence Wall Street pay at Near Record Levels

Gates Announces Extended U.S. Occupation in Afghanistan

Nation’s top 1 percent now have greater wealth than the bottom 90 percent

Where your income tax money really goes

Tax Rates for Top 400 Earners Fall as Income Soars, IRS Data

“Really Bad Reporting in Wisconsin”: Media Parroting Walker’s False Claims of Taxpayer “Subsidies” for Workers’ Pensions

What has the Republican Party done for the middle class?

House GOP vote unanimously to protect Big Oil subsidies

Capital Rivals: Koch Brothers vs. George Soros

Clever video: The Story of Citizens United v. FEC (2011)

Corporations don’t have ‘personal privacy’ rights, Supreme Court rules

Democracy for Vancouver

The DOJ’s creeping war on whistle-blowers

CNN oped: Prosecute Bush for Torture

Texas college kids could soon pack heat

The Forgotten Achievements of Government

Living Greedy: closing WA tax loopholes

Boeing exempt from sales tax.

It’s the Inequality, Stupid

Koch Brothers “Prank” No Laughing Matter

Shifting Responsibility: How 50 Years of Tax Cuts Benefited the Wealthiest Americans

Wisconsin Gov. Walker Ginned Up Budget Shortfall To Undercut Worker Rights

The Reagan Revolution Redux

Google’s true origin partly lies in CIA and NSA research grants for mass surveillance

“When congressional Republicans passed their so-called tax-reform bill, they preserved the deduction for charitable contributions even as they capped the deduction for state and local tax payments. Thus a hundred-million dollar gift to Harvard will still be fully deductible, while, in many parts of the country, the property taxes paid to support local public schools will not be.” — Elizabeth Kolbert, in The New Yorker, Aug, 27, 2018

Seattle taxes ranked most unfair in Washington — a state among the harshest on the poor nationwide

U.S. companies found ways to avoid taxes before tax cut bill -report “Fifteen U.S. corporations including online retailer Inc, power company Duke Energy Corp and insurer Prudential Financial Inc avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday.”