This is a good article..
I wrote an article about this same problem yesterday at http://www.KeepAmericaAtWork.com and we need to stop these ways that companies and individuals find to get out of paying their fair share of the taxes that are necessary to keep this country running.

Don't get me wrong as I don't like taxes any more then the next person, but I do believe we need a fair tax system where everybody pays the same with no exceptions and the only thing I can figure out that will work is a 21 % tax on purchases only where 7% goes to the fed, 7% goes to the state and 7% goes to the county.


My article follows ===

I want you to do me a favor and watch the short video I have under the key concepts menu titled "The sky is falling" and here is why.

All of the experts are telling us that this is a recession or nearly one and that we will get through this fine.

I personally think our experts are wrong and that they cant see the forest for the trees and here is why.

We are sending more then 700 BILLION dollars per year offshore to buy our fuel.

Up until today I thought we were sending 3.4 MILLION jobs offshore which is bad enough, but I found a manufacturing site today at http://www.manufacturethis.org/2008/11/08/momentum/ that states that we have lost 3 to 5 MILLION manufacturing jobs since 2000 offshore and that does not count the number of white collar jobs or technology jobs so I'm starting to estimate that we are in the 10 to 20 MILLION range.

Yes I wish there was accurate data out there, but until our politicians mandate that all corporations put on their quarterly reports how many jobs were sent offshore, I have no means of getting this information.

If you have access to this info, please share it with us.

So lets do some calculating and I'm going to lower the average yearly wage to 50,000 as some IT people make more and some Manufacturing people make less so we'll use that figure to give us an idea how bad it is.

First, according to the CIA web site at https://www.cia.gov/library/publications/the-world-factbook/print/us.html we spent 2.568 TRILLION dollars to run our country in 2007.

This money comes from the taxes that each of us pays.

I had to break out excel to figure this one as I for one am not used to working with numbers such as these, but 10 MILLION jobs lost times an average wage of 50,000 per year is 500 BILLION dollars if I'm reading all of those zeros correctly.

So now we have 700 BILLION to buy oil and 500 BILLION to buy labor for a total of 1 TRILLION 200 BILLION dollars that we are sending offshore every year and I have a feeling our friends in the other democratic nations are doing the same thing to themselves.

Think about it, that is awful close to half of what it takes to run our country on each year and we're depriving ourselves of a lot of tax revenue by not having our employers paying taxes on that amount and for that matter, allowing our corporations to shift their assets offshore to avoid paying their fair share, which means that it is up to you and me, the unemployed, or worried that we will be unemployed worker to cough up this money.

So lets figure the damage to our federal budget.

We will use an average tax rate of 30 percent, so 500 BILLION in labor would pay about 150 BILLION dollars in tax's to our federal government to help do our part to run our country.

Now math is not my strong point, especially with numbers such as this, but 150 BILLION is a lot of money that will need to be made up in other methods to operate our government.

To me that means that the people that are working will have to pay x number of dollars more in taxes to make up that 150 BILLION

Its just not sustainable and every time you see one of those corporations on the "Wall of Shame" talking about offshoring our jobs, you will realize that they are directly responsible for the largest transfer of wealth that the world has ever seen from democratic to non-democratic countries and eventually it will come home and hurt those CEO's directly once our country goes under and the countries that have bought up all of our debt reposess us as a country.

So I want you to take a look at the Resources Menu to the left and help promote their sites and support their efforts to bring sanity back to America because if we do nothing, its just going to get much worse.

Support the Peterson foundation's efforts to pay off all of our debt and make us a debt free nation.

Support Mr. Pickens efforts to stop the purchase of oil from nations that do not have our best interests at heart.

Support Mr. Icahns efforts to bring accountability to the corporate boardroom and executive offices.

And last of all, support our efforts to let every single American in America know what we are doing to ourselves and if you happen to have access to President Elect Obama, please share this site with him because until our leaders realize that their experts cannot see what actually is happening, its only going to get worse.

NO! NO! NO! Do NOT tax those! Look, this has been a legal type of investment that actually brings capital HOME in the form of profits for re-investment. We're better off focusing on the BLATANT tax dodgers who are not paying their share of the one tax we ALL PAY: INCOME TAX. Let's look at the UNDECLARED INCOME from Taxi Drivers, Bartenders, Waitresses, Drug Dealers and the like FIRST. OF COURSE tax policy can be changed, but we put our money in these off-shore corporations HONESTLY and they should be SUNSETTED before any legal change. Why should we be punished for our LEGAL ACTIONS?!?!

Yeah punish Taxi drivers and waitresses. Are you out of your mind. The problem is that the tax code is overly complicated and unfair. The rich dodge taxes the poor get welfare from tax paid by the middle class who are pushed to the point of collapse.

You can't close offshore banking because any corporation using the loophole will just move the headquarters of the company to a tax haven country. There are countries in Europe who have more corporate headquarters than people.

21% tax is also far too high. The tax rate needs to be 10% with no sales tax or any other tax of any kind and no deductions other than a $500 child credit up to 2 children. Social Security, Medicare, and Welfare gone. 5% local, 3% state, 2% federal. End of story period. That is the only way it is fair and the only way we will get honest government and a sound economy.

To PauloDC:
Have we not heard enough about how, if the wealthy ( by which I mean those who OWN, not work) are allowed to keep all their money they will invest it in ways that create jobs? They don't and it doesn't. They put it in bonds and T-Bills and lend the rest of us money that they should have paid in taxes, and we spend the rest of our lives paying them interest.

Care to see the economy ROAR? Tax the rich, give the middle class a break, and spend $500 billion a year rebuilding our infrasturcture with skilled labor jobs and professional services to design the improvements, instead of giving Haliburton a blank check to run a corrupt war. Nail the offshore tax shelters and drag the Corporate swine who moved to Dubai back here where that money belongs. It's the middle class that sustains and stimulates the economy, not the rich.

Oh, and to the Righters who think I'm a softy liberal: Do you see any mention of Welfare here? No, you don't. Nor of extension of unemployment benefits. There is nothing bad for the nation about the government being its biggest employer as long as something is DONE with the money. Like getting back the highway and rail system we once had, and making sure our bridges stop collapsing. Drop the Fox Network cliches and grow up.