The Realities of the “Budget Crisis” Hidden by Both Sides


As the budget debate continues, the American people are being fed BS from both parties.  This is especially true when it comes to the facts about tax revenues, Medicare, Medicaid, and Social Security.  In my last previous article, I presented some of the facts especially about Social Security.  Now it is time to reveal the truth about income taxes and corporate income taxes, and how they relate to job creation in America.  Keep in mind, I only try to present the facts and NOT opinion.

I trust that if the “Common Folk” can see the real balance sheets, they can read and understand it just like they understand their own checkbook or bank statement.  It just ain’t that difficult.  The problem we have is that those facts are hidden deep in some reports and disclosure statements by the IRS  and the Department of Labor that are not publically released, at least not in the Main Stream Media.  Also, Main Stream Media is controlled by the very corporations that benefit from us not knowing, so any hope of true journalistic work coming from them is a pipe dream.  Even if they have hired good honest journalist, they are quickly either gagged or if they have the courage to try and report anyway, their job security evaporates and they are out of the mainstream.  Just ask the likes of Keith Olbermann and those of such integrity.  Their access to us is diminished to a point they can not effectively reach the mass of audience to really effect change and inform the masses.

OK, lets talk taxes and who is paying what.  I warn you that the chart I am about to present will make you blood boil, and quite frankly, I hope it will.  This chart is just one month’s tax receipts (March 2011) but is reflective of what is really going all.  I think we all feel or have a sense that corporations are not paying their fair share, but this will reveal something quite beyond that.  The Republicans are arguing that raising taxes on corporations will kill jobs in the US.  Well, I will show you a second chart to reveal the reality of why corporations, with their sweetheart tax deals haven’t created a single job in the US since 2004!

Here’s the first chart, remeber this is ACTUAL IRS data For March 2011:

What this chart shows that we, the honest taxpayers paid in more than $91 billion in taxes, received almost $58 billion in refunds, with net receipts to the IRS of nearly $38 billion. Great, huh?  Now look at what our fat cat corporations paid.  They paid in $4.5 billion, got refunds of nearly $6 billion, and the IRS PAID THEM $1.3 billion!!! What this really shows is not only did corporations pay $0 in taxes, WE PAID them a bonus of $1.3 billion.  Are you catching on here?  I know, you want to pinch yourself and say this isn’t so, but facts are facts.

OK, now let’s address the argument that corporations shouldn’t pay any taxes because after all it is corporations that generate the jobs in America and if they were given free tax breaks , they would solve the economic crisis by creating full employment and job growth.  This is the talking points of donkeys and lackeys such as Mitch McConnel, Kantor, and Boner(misspelled on purpose).

OK, lets again look at the facts as presented by the Department of Labor.  Facts, just the facts, ma’am.  The following table show the total of jobs in the US by month.  OK?

So, adjust for population growth during that period, NOT A SINGLE JOB has been created since 2004!  Facts, just the facts, as presented by our own government that they hoped you would never see!

I will let you all reach your own conclusions.  I have my opinion that I have reached by just looking at facts and not paying attention at all to either side’s rhetoric.  It’s time to do a triple rinse in Washington and Wall Street and start all over again.  I hope this will help us all make some decisions that are really informed come next election.

 

 

 

 

 

Advertisements

Author: redhawk500

International business consultant, author, blogger, and student of life. After 35 years in business, trying to wake the world to a new reality. One of prosperity, abundance, and most importantly equal opportunity. it's time to redistribute wealth and power.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s