Wednesday, April 29, 2015

7000 millionaires paid no income tax in 2011.

An article in "Business Insider" breaks down the people in the USA most able to pay taxes and they pay none.


It contains a number of interesting factoids,(click here) including the following:

7,000 people made more than $1 million but paid no income tax. 

22,000 people made between $500,000 and $1 million but paid no income tax. 

81,000 people made between $200,000 and $500,000 but paid no income tax. 

381,000 people made between $100,000 and $200,000 but paid no income tax.

And 

45% of the country makes less than $30,000 per year.

Of those

30% of the country makes less than $20,000 per year.

Of those

15% of the country makes less than $10,000 per year.

There needs to be a law whereby when the USA military budget receives more money, the same funding is included in domestic spending.

April 28, 2015
By Bob Kinzel

VPR News (click here) has learned from several sources that Independent U.S. Sen. Bernie Sanders will announce his candidacy for the Democratic presidential nomination on Thursday.
Sanders will release a short statement on that day and then hold a major campaign kickoff in Vermont in several weeks.
Sanders' entry into the Democratic race ensures that Hillary Clinton will face a challenge to win the support of the liberal wing of the party.
Sanders' basic message will be that the middle class in America has been decimated in the past two decades while wealthy people and corporations have flourished.
His opposition to a proposed Trans-Pacific Partnership trade deal (T.P.P.) shows how he plans to frame this key issue of his campaign....