What we have here is an increasingly smaller contribution to total tax revenue by the rich. Federal income taxes are now at their lowest in sixty years (dark blues). The most regressive type of taxes, payroll or employment taxes payed by working people, are at their highest (light blue). What passes for wealth taxes in the United States, given that capital gains are taxed at only 15% unlike earned income--excise, estate, and gift taxes (reds)--are shrinking in relative size. The same can be said for corporate income taxes since corporations play elaborate internal accounting games to avoid paying income taxes. A government report (GAO) says that in 2005 28% big corporations payed no income tax. From 1998 to 2005, two-thirds of corporations did not pay income tax. Granted the figure includes "mom & pop" companies that do not make a lot of money, but the study also includes 998 corporations categorized as "large".
Rambo: expensive |
*an Afghan businessman told Dexter Filkins writing in the New Yorker magazine, "Right now, this country is all about raping and pillaging as much as you can, because there is no faith in the future." It costs $140,000 a year to keep a NATO soldier in the field. Some of that money undoubtedly reaches the Taliban through bribes, extortion and corruption. Richard Holbrooke, the American special envoy who died recently, said conversations with President Karzai about corruption are "completely useless".