Showing posts with label IRS. Show all posts
Showing posts with label IRS. Show all posts

Thursday, April 21, 2011

The People's Budget (cartoon)

Tax the rich? There would be no national debt if corporations paid their share of taxes and the US stopped its imperial wars ("This Modern World" by Tom Tomorrow).

Where is our tax money going? A third war overseas, and our congressmen have decided to increase the already-inflated defense budget. All told, over $1 Trillion will be spent on the U.S. military over the next year, while funds are cut from social services and education. With less federal support, state budgets are in the red. Local governments blame the unions and -- as in Wisconsin -- are peddling legislation to weaken our rights. Thousands of teachers will be laid off.

As we point out in our new documentary, Crossing the American Crises: From Collapse to Action, the nation’s priorities are skewed.

Inequality continues to rise. Homes are boarded up while homeless sleep on the streets. The sick are still turned away because of a lack of health care. The banks are bailed out, while the people are left to suffer. Hardworking Americans pay the bulk in taxes, while multimillionaires hide their assets abroad. Corporations are subsidized or encouraged to move their production overseas. We are gutting the American dream -- if there ever was one.

But there are answers. As The Nation pointed out last week, the Congressional Progressive Caucus has drafted a "People's Budget," which members, Representative Michael M. Honda (D-CA) and Representative Raul M. Grijalva (D-AZ) say, “eliminates the deficit, stabilizes the debt, puts Americans back to work, and restores our economic competitiveness.” More

Wednesday, April 20, 2011

Taxpayer receipt: Where our tax dollars go

[The following is a feelgood media deception accounting for where tax dollars go. Income tax, as distinct from state taxes and taxes charged for consumer products, is used to pay off debt generated by the Federal Reserve, a private bank that controls currency and derives exorbitant profits from doing so. It may be hidden in the national debt/deficit so things may be paid for and further interest charged for that mindboggling debt. This tax receipt is a best case scenario of where our money goes, which admits that not all military spending -- particularly massive black budget operations -- is accounted for.]

Just how much of the federal taxes you pay go to footing the bill for U.S. troops in Iraq and Afghanistan?

Or, what's your share of the tab for interest on the national debt? And how about to fund Medicare and Social Security, or to support foreign aid or the FBI?

The simple truth is most of us don't have any idea how Uncle Sam divvies up the money we send him every year. That makes it hard to understand the real choices the country faces as Congress and the President debate how to get our fiscal house in order. More