USuncut.org

[Bucky]

[Bucky]

1. nothin?

[nilram]

2. I thought it was about circumcision.

Sorry...

[mmonk]

3. At some point, people have to turn to such efforts or the continuation

towards a banana republic through our current shock doctine implemetation will continue.

[Liberal_in_LA]

4. Org needs another name

[upi402]

5. Alert the Democratic Party!

I don't think they know this stuff!
:wow:

Great graphic. Thanks.

[rdking647]

6. BOA

lost 5.4B in the US in 2010
citigroup lost 1.6B in 2009 and 18B in 2008

if you use the statistical abstract of the us numbers in 2009 corporations paid 953B in corporate taxes.. about 6.7% of the total federal budget
in 1990 they paid 9%
in 2000 they paid 10.2%

if you raised the corporate income tax so corps paid the same percentage they did in 2000 that would imply an increase in corporate taxes of 70B if you combined that with a 50% hike in the taxe rate on teh top 1% that would bring in 120B
if you add a 25% cut in the defense budget that brings you to 282B in new revenue
we have a deficit of 1.5T
so far you've cut it by 19%

now what do you cut?
people need to come to grips with the fact that entitlements HAVE to be cut..

better to cut some now than to have to make drastic cuts later

[mmonk]

7. Link?

How are "entitlements" causing the deficits? How come it is only a crisis when Democrats have the presidency? Do tax cuts play into it any at all? How do other countries manage to have a safety net and more for their people but we can't afford such things for Americans?

Here is a list from Sen Bernie Sanders from past years. Do you have BOA's 2010 tax return for this year? They made $4.4 billion in 2009 and got a tax refund last year of $1.9 billion.

1) Exxon Mobil – made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings.

2) Bank of America — received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion.

3) General Electric — Over the past five years, GE made $26 billion in profits in the United States but still received a $4.1 billion refund from the IRS.

4) Chevron — received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

5) Boeing — received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year.

6) Valero Energy — the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, has received a $134 million tax break from the oil and gas manufacturing tax deduction.

7) Goldman Sachs — in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department.

8) Citigroup — last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.

9) ConocoPhillips — the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction.

10) Carnival Cruise Lines — Over the past five years, it made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.

Give me a link that discusses your positions and provides the proof. I would like to see it if you have it.

[rdking647]

8. link

heres the best link i can find
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=203

2010 corporate income taxes 191b out of 2.1T or 9.1%
2007 370B out of 2.6T or 14%
1990 93B out of 1T or 9.3%
1980 64B out of 517B or 12.3%

even of you raised corporate taxes up to 15% of total revenues ,bases on revenues of 2.1T that is a gain of 124B
combine that with a 200B cut in defense and you only cover 21% of a 1.5T deficit.