Simply Politics & News

[Matthew251430]

When you take Money from average working class person and send it to corporations wht is that called?


The average American family pays a staggering $6,000 a year in subsidies to Republican-friendly big business.

And that's just the average family. A family making more than $50,000 a year - say $70,000 a year - pays even more to pad the wallets of corporate America.

So where does some of that $6,000 that you and I are paying every year actually go?

For starters, $870 of it goes to direct subsidies and grants for corporations.

This includes money for subsidies to Big Oil companies that are polluting our skies and fueling climate change and global warming. Compare that to the $36 you and I pay for food stamps a year.

An additional $870 goes to corporate tax subsidies.

The Tax Foundation has found that the "special tax provisions" of corporations cost taxpayers over $100 billion per year, or roughly $870 per family.

But in reality, that number is much higher.

Citizens for Tax Justice found that the U.S. Treasury lost $181 billion in corporate tax subsidies, which means the average American family could be out as much as $1,600 per year.

Finally, of the $6,000 in corporate subsidies that the average American family pays each year, $1,231 of it goes to making up for revenue losses from corporate tax havens.

This money goes to recouping losses from giant transnational corporations like Apple and GE that hide their money overseas to boost profits and avoid paying taxes to help the American economy.






http://truth-out.org/opinion/item/19844-food-stamps-are-affordable-corporate-welfare-is-not


http://billmoyers.com/2014/04/14/the-surprising-truth-behind-tax-day-where-your-taxes-go/

http://billmoyers.com/2013/09/24/average-american-family-pays-6k-a-year-in-subsidies-to-big-business/

http://www.bloomberg.com/news/articles/2013-09-09/farmers-boost-revenue-sowing-subsidies-for-crop-insurance



Dropped the mic.... I'm done. sexy chocolate!!!

http://thefederalist.com/2013/09/30/calculating-the-real-cost-of-corporate-welfare/