No haven for tax evaders

Dear Aaron,

Close Corporate Tax Loopholes!

Act now for a fair economy!

For years the biggest companies in America have paid less taxes than the rest of us by 'sheltering' their assets in off-shore banks. But today, President Obama said 'no more'1.

Closing tax loopholes like Obama suggests could add $210 billion to our economy - money we can use for education, jobs and health care. But Corporate America's worst actors - including Bank of America, Citigroup and others - are fighting to hang on to their Cayman-islands loophole2. Tell your member of Congress to make Corporate America pay their share by eliminating these tax haven loopholes.

Tons of major corporations like American Express, A.I.G, Boeing, Hewlett-Packard and Pfizer hide profits in the Cayman Islands and other tax havens. In fact, over 18,000 U.S. companies currently maintain a post office box in one five story building in the Cayman Islands to take advantage of a tax loophole3.

And while those companies flaunt the law, we're stuck cleaning up their economic wreckage. We've spent over $600 trillion bailing out wall street, but those same corporations aren't playing by our rules, yet.

Taxpayers in every state would save millions of dollars, according to new research by the State Public Interest Research Groups. Click to find out how much it means to YOUR state, and then ask Congress to close these tax loopholes.

-Drew

Drew Hudson
TrueMajority / USAction


Dear TrueMaSocialismty, who ignores my emails and lets them bounce back because you could care less about feedback--especially if it goes against your agenda:

I have two points that you conveniently overlook. Two Inconvenient Truths, if you will:

First:
Those tax loopholes are the problem, not the companies who take advantage of them. So why are you attacking the corps who're taking advantage of the dumbass tax system we're using? Why aren't you attacking the IRS who writes the worthless rules instead?

Second:
What about Political Action Committees and other charities like yourselves? How much of your "fair share" do you pay into the tax system? Why not?

The entire tax code was written by two types of people: corporate accountants who wanted to make sure that, if they got paid, they could find big loopholes to save their owners huge amounts of money in taxes. They were also written by government bureaucrats with a power-hungry stance who don't even understand the code themselves.

So here's my proposal (if we're going to keep an income tax): NO WRITEOFFS. You are taxed at a set percentage of your income. Period. No writeoffs of "green" or "family" or "costs of doing business" or whatever. You just pay up. Period. No questions.

So if you're income is $100,000 and the tax is 3%, you have to pony up %3,000. Period. If you're income is $15,000 then you pay $450. No break for being poor. If we're going to have an income tax, it needs to be fair and equitable and the only way to do that is to make it the same for everyone--no matter what. No feel-good excuses, no bullshit. Just pay up.

I guarantee that if everyone had to pay a flat amount for taxes, two things would happen: first, they'd Goddamned notice when that tax went up and second, they'd FnA notice how much they paid.

So quit screwing arount with your Commie "blame the corporation" game and get to the heart of the issue. Those companies and our current Treasury Secretary skimped on taxes because the loopholes in the law were there for them to take advantage of. Instead of closing the loopholes so they have to go find new ones, why not just do away with the whole Swiss Cheese system altogether?!