Comments on: To bridge the deficit, collect some taxes Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: taxhaveninfo Sun, 27 May 2012 01:16:32 +0000 All efforts to tackle tax evasion always target the ordinary man or best case the small entrepreneur. But the major league tax evaders are the multinational corporations which can do more or less what they want. Politicians will never go for them. Revolving doors between Governments and large corporations are more than obvious and one hand washes the other. Just have a look at who are the donors for election campaigns…
And what about the OCDE? They proudly announce their success on fighting harmful tax practices, but this is just propaganda. Don’t believe the hype. Have you seen their actual list of tax havens?  /

As per the lates “gray list”, updated in may 2012, there are only two tax havens left in the whole world. Do you think they are serious?

By: emm305 Mon, 16 Jan 2012 18:23:00 +0000 This is the surest sign that the GOP does not care one bit about the deficit.

The GOP wants to scream and scream – Joe Scarborough comes to mind – that the deficit is a crisis, but are unwilling to treat it like a crisis and get a plan to get us out of it as soon as possible, including raising revenues, they simply are not serious and simply want to use it as a ruse to justify killing Social Security and Medicare.

By: OneOfTheSheep Sun, 15 Jan 2012 21:37:10 +0000 I think the discussion is incomplete so long as it is ALWAYS about “more” revenue and NEVER about how much is ‘enough” revenue. Politicians of neither party are willing, if capable, of putting the words “enough” and “revenue” together any more than employees will ever believe themselves paid “enough”. Human nature is not logical.

By: lhathaway Sun, 15 Jan 2012 15:15:42 +0000 Time for a tax overhaul which is simple and doesn’t have loopholes. If everyone is actually paying their taxes then we could presumably lower rates and still have more revenue. I don’t think it’s fair to tax the wealthy at such a high rate that it approaches fifty percent of their earnings. Who would want to give half of what they make to the government? But for the wealthy to pay less than anyone else isn’t fair either. I go along with the Bowles-Simpson proposal. I don’t think we can stick it to the wealthy anymore than we can stick it to the poor. America is an incredibly wealthy country. We just all need to try to see ourselves as a whole instead of us and them and get our house in order.

By: OneOfTheSheep Sat, 14 Jan 2012 03:03:32 +0000 @JL4,

Painting good faith opinions you do not share merely causes others to read your comments more closely for credibility and factual accuracy.

You infer that the “…billions in lost tax revenues through evasion…” is exclusively a Republican problem. Not so. Neither party has a monopoly on morality, with particular thought to the “Chicago school” of politics. When the boat is sinking you plug each and every hole you see, not just the most obvious ones. You claim proficiency in math but gave no specific examples…just glittering generalities. We’re waiting…

“WE” taxpayers aren’t lawmakers. It is probably accurate to say that “WE” hate it when OUR government spends OUR hard-earned tax dollars as if they are merely ink and paper. Unfortunately to OUR government, more and more that is how THEY see them (since they live in an alternate financial reality utterly apart from ours.

“WE” hate it that our government has NEVER bothered with prioritizing public expenditures because BOTH parties have always believed “if they spend it we will pay”. NO MORE! America is BROKE!

Congress can have anything it wants, but not EVERYTHING it wants if there is ever to be fiscal sanity and sustainability. Each of us is free to “cheat” to some degree whether that be driving a bit over the posted limit, entering an intersection during the yellow, or doing our taxes. Each of us is individually responsible if we do so irresponsibly, such as going over 100 mph on a public road, ignoring red lights, or responding to post-submittal questions or a legal summons from the IRS.

If you have facts to show Republicans as less “moral” than Socialists (the infinitely more accurate description of the Democratic agenda of the last hundred years), please do present it in appropriate detail. I understand “cheating” to be seeking undue advantage by breaking rules.

For you and me to agree that anything is “cheating” we must have a common reference. In many cases, that’s pretty unlikely. What I see as ambition you see as greed. What I see as prudence you see as stinginess. If “cheating” is illegal, it MUST, by definition, mean that the rule broken is some statute legally applicable to the circumstance. In that context, I’m against it; whether by illegal immigrants or American citizens. OK?

By: JL4 Fri, 13 Jan 2012 21:20:30 +0000 More and more, Republicans and their supporters make no sense. The longer it goes on, the more rabid they become in refusing to see the forest AND the trees. Ignoring – the same as justifying – billions in lost tax revenues through evasion, then blaming payouts to the unemployed, and “feral families” for our economic problems leaves me nonplussed. It’s simple math even I can do.

The author wrote, “Clearly, for many lawmakers, hating government is more about the principle than the consequences.” I have to add, that statement holds true for the average under-educated Republican (who will also cheat on their taxes if given 1/2 a chance.)

OneOfTheSheep, Is it okay for some to cheat illegally and not others? As long as they’re American citizens it’s okay – not illegal immigrants, right? As a nation, we wouldn’t want our tax dollars to go to anything illegal, would we?

By: writervic Thu, 12 Jan 2012 21:44:50 +0000 Tax evasion means higher deficits. That’s pretty much what this article is saying. Evasion also means that in spite of high tax rates imposed on most workers–the rate on an extra dollar of income at $50,000 (“marginal rate”) is 25%–the government still runs a massive deficit. So the opportunity to cut rates is almost nil.
The government wastes wast sums. The way to cut tax rates is to rein in spending AND tax evasion AND legal tax avoidance by slashing various loopholes.
“limapie” notes the government EATS 24% of our GDP. But it taxes only 16% or 17%. A big part, probably most, of the difference, which is the deficit, is tax evasion and avoidance.

By: limapie Thu, 12 Jan 2012 19:24:27 +0000 I agree. The government doesn’t utilize effectively what it already gets.
Look at this new CFPB. In FOUR months
that agency—which is a rouge all unto itself—
hired over 700 federally paid and cadillacly benefited people! Where is THAT cash coming from? If they didn’t have any money before, how come they figured
that they could afford 700 more employees?

And then you got these people coming for a year or so to work for all of Obama’s wishes and then quitting with severence and pensions and all kinds of nice parting gifts.

AND then there is that HUGE travel bill for
Obama to open his mouth somewhere other than in the oval office where’s he’s suppose to be. People have TV’s now days. They can watch on TV if they need to see him.

And all these new government buildings
that need to house all of these new offices
like the new computer/digital/spy on
American’s complex that really should have
warrants. Homeland security, my eye. More like
make data banks to give to my Chicago geek group
to mine out of for campaigning. I think this is
illegal! DOJ shouldn’t just “ignore” all this
mob stuff going on.

No……the government has mushroomed in
size so that now it EATS 24% of our GDP.

By: OneOfTheSheep Thu, 12 Jan 2012 18:16:53 +0000 “At a time when the U.S. government needs every dollar of revenue it can get…” BALDERDASH!

The U.S. Government has yet to separate it’s “needs” from it’s “wants” or to prioritize the obscene amounts it shovels out day after day, week after week, month after month and year after year. Giving it more tax revenue before it figures out it’s “needs” is like trying to put out a fire with gasoline.

The normal maintenance, rebuilding and expansion of the national infrastructure could and should be resumed with the money it wastes paying able-bodied individuals for 99+ weeks not to work or the “raise” for each new baby “feral families” that cannot provide themselves the most basic needs get. These latter expenses contribute NOTHING desirable t our society and never will.