The people at the top the 1 percent are anti-union, anti-worker, and anti-tax are now anti-USA. Let’s start with corporations’ tax rate. Yes, it is 35 percent, but with loopholes some pay 20 percent and some pay zero. However, when adjusted for GDP (gross domestic product), our corporate tax rate is lower than that of most other industrialized countries and their economies. In the 1950s, corporate taxes accounted for 30 percent of federal revenues. By 2010, this rate dropped to just 9 percent. The difference has been compensated by taxing what is left of the middle class. To get where they do not have to pay any taxes, but still enjoy the infrastructure of the U.S. and the customer base plus the Armed Forces’ protection. They now are moving or planning to move their corporate offices to offshore tax havens while maintaining the benefits of U.S. legal protections (think patents) and basic research. This makes the chief executive officers and stockholders/share holders very, very rich an...
This blog is a quick read about concerns, whether local or international, facing union and non-union workers.