Friday, April 15, 2011
The Tax men
Palo Alto Weekly Sign up for ExpressNew from Palo Alto Online, Express is a daily e-edition, distributed by e-mail every weekday.Sign up to receive Express! PaloAltoOnline.com Town Square Login RegisterSign up for eBulletinsJoin UsFollow Us HomeNews Palo Alto Weekly The Almanac Mountain View VoiceFogster ClassifiedsTown Square Forums E-mail this topic. Print this topic. The Tax men Ted Rudow III, MA, a member of the Palo Alto High School community, As millions of Americans prepare to file their income taxes ahead of Monday’s deadline, corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations. "Tax havens have grown so fast in the era of globalization, since the 1970s, that they are now right at the heart of the global economy and are absolutely huge. There are anywhere between $10 and $20 trillion sitting offshore at the moment. Half of world trade is processed in one way or another through tax havens." British journalist Nicholas Shaxson They'll pay them anything, because they're the ones that rake in all those billions of dollars that the U.S. Government has available to throw around and waste on arms, missiles, atom bombs and a huge paid military! No one is any longer a poor underpaid soldier. That why the U.S. debt is now running around 14 trillion dollars. It is the only budget plan that calls for a responsible end to the U.S. wars in Afghanistan and Iraq, bringing our troops and our tax dollars home. It is the only plan that calls for real tax reform, addressing the giveaways to billionaires, millionaires, and corporations. It is the only budget plan that calls for continued and substantial investment in job creation, education, and infrastructure. And it is the only plan that won't destroy or severely restrict critical social spending.