THE MASTER PLAN
By
Al Duncan
“Give me control of a nation's money and I care not who makes its laws,” Mayer Amschel Bauer Rothschild

 

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The TSA is an illegal operation that is running above the law.  So why are we, the gullible, docile, sheeple allowing this rouge organization to feel us up, detain us, and no-fly-list us?

Saturday, 09 March 2013 11:00

TSA Allowed People with Criminal Records to Get Airport Security Badges

Written by Michael Tennant

Bottom of Form

module by Spiral

TSA Allowed People with Criminal Records to Get Airport Security Badges

The federal government has entrusted the security of the nation’s airports to the Transportation Security Administration (TSA). Yet according to a recent report from the Department of Homeland Security’s Office of Inspector General (OIG), the agency’s bungling of an airport security badge vetting program allowed at least 11 individuals with criminal backgrounds to obtain access to secured airport areas. What’s more, says the OIG, because of the TSA’s lack of oversight, some individuals with criminal records may retain such access to this day.

According to the OIG, the TSA initially selected a single vendor, the American Association of Airport Executives’ (AAAE) Transportation Security Clearinghouse, to relay background check information to the TSA, which then submits the data for a Criminal History Records Check and a Security Threat Assessment. Only individuals who pass both screenings are to be given badges granting them unescorted access to secured airport areas.

Responding to requests from airports, the TSA created the Aviation Channeling Services Provider (ASCP) program in 2010 to offer them a choice of vendors for the badge vetting process. The next year it selected three vendors to participate in the program: AAAE, Telos ID, and L1 Identity Solutions (now MorphoTrust Enrollment Solutions).

This being a government project, it comes as no surprise that the OIG found that the TSA “did not properly plan, manage, and implement” it. In fact, the “project is still not completely implemented and continues to face challenges to accomplish its mission.” As of July 1, 2012, only a single airport had switched vendors (from AAAE to Telos ID), and MorphoTrust Enrollment Solutions was just beginning the testing phase of the project.

From the beginning, the project was doomed. “TSA did not have a written comprehensive plan for the ASCP project design and implementation,” noted the report. The agency has very little documentation on the project at all, and none about who made or approved project decisions. The project team supposedly made decisions, but no one can prove what they were because “TSA did not maintain team meeting minutes but relied on agendas as evidence of actions assigned to each responsible member of the team.”

The TSA also has no idea how much the project has cost thus far. Writes the OIG, “TSA did not track and report all project costs related to implementing the ASCP project.” As a result, it cannot say whether more than three vendors could have been acquired, and it “cannot be sure that it has not incurred unplanned additional costs.”

“TSA did not establish standard testing requirements,” says the report, “nor did the agency require that all vendors test system functionality with at least one airport.” When the time came for testing, the TSA was ready, but none of its vendors was; one had not completed testing nearly a year later. “Since TSA did not establish testing timeframe requirements, the agency could not hold the vendors accountable for delaying the ASCP project schedule.”

All of this ensured that the deployment of the project would be fraught with difficulties. Sure enough, when ASCP was finally deployed in April 2012, “airports began to experience significant problems with the new … system,” according to the OIG. “Airport operations were hindered because of aviation workers’ inability to access secured areas without proper badge authority.”

At this point the TSA, in its wisdom, decided that if airports couldn’t operate without security badges and the badges were being held up because background checks were delayed, the solution was not to fix the problems with the project (or even to revert to the old system) but simply to allow airports to issue badges without background checks. Thus, from April 20 to June 1, 2012, airports could issue badges to those whose background checks were in limbo, with the proviso that these badges would be revoked if the checks were not completed within 14 days.

Predictably, “TSA did not track which airports used the alternate measures and the number of badges that were issued under those measures,” the report observes. Only after the OIG inquired about these important data did the TSA even bother to look into the matter, and then it merely initiated a survey in which airports were asked to self-report on the matter.

Of the 446 airports in the country, 290 responded to the survey; and of those, 168 said that they had adopted the alternate measures. “Five of the airports identified a total of 11 individuals with criminal backgrounds, who received badges during the alternate measures period and would not have received badges if they had been properly vetted. Five of those individuals held their badge for more than 14 days, and therefore those airports were not in compliance with the alternate measure.” The TSA has absolutely no knowledge of how many people with criminal backgrounds may have received security badges at the remaining 156 airports, nor does it know how many may still have them. Moreover, even the airports that responded to the survey had an incentive to make themselves look good, so it is possible that they underreported the number of shady characters who obtained or still possess badges. “Therefore,” declares the OIG, “individuals with criminal records may currently have access to secured areas in our Nation’s airports.”

The report goes on to offer recommendations for improving future projects. These are the sorts of commonsense things any private company or organization would naturally do, such as developing a “lessons learned report” from ASCP so that they don’t repeat their mistakes, documenting every step of a project, and holding vendors accountable for meeting their objectives. The TSA concurred with these recommendations, but who really believes the agency will implement them? It simply has no incentive to do so given that it is in no danger of going under no matter how horribly its projects are mismanaged. As Ronald Reagan memorably quipped, “A government bureau is the nearest thing to eternal life we’ll ever see on this earth.”

The OIG also recommended that the TSA “conduct a comprehensive review of badges issued” without background checks, which the TSA also agreed to do. But if that review is managed in a similar fashion as the project itself — and there is little reason to expect otherwise — it is likely to take years and still not end up with a full accounting of individuals with criminal records who possess security badges.

Anyone who thinks the TSA makes flying safer just isn’t paying attention.

 

Former Newark Airport TSA screener says the job does little to keep fliers safe

  • Last Updated: 10:11 AM, March 10, 2013
  • Posted: 1:14 AM, March 10, 2013

EXCLUSIVE

It is perhaps America’s most unsafe airport. Despite being the launching point for one of the planes hijacked on 9/11 — Flight 93, which crashed in Pennsylvania — Newark Airport has had numerous security violations since. The latest: a fake bomb that made it past Transportation Security Administration officers. Here, a Newark TSA screener who recently left the agency tells how silly policies and lazy workers do little to stop real threats:

A LOT of what we do is make-believe.

I’ve had to screen small children and explain to their parents I had no choice but to “check” them. I would only place my hands on their arms and bottom half of their legs, and the entire “pat-down” lasted 10 seconds. This goes completely against TSA procedure.

Because the cameras are recording our every move, we have to do something. If someone isn’t checked or even screened properly, the entire terminal would shut down, as this constitutes a security breach.

But since most TSA supervisors are too daft to actually supervise, bending the rules is easy to do.

Did you know you don’t need a high-school diploma or GED to work as a security screener? These are the same screeners that TSA chief John Pistole and Homeland Security Secretary Janet Napolitano refer to as a first-class first line of defense in the war on terror.

These are the employees who could never keep a job in the private sector. I wouldn’t trust them to walk my dog.

An agent got through Newark last week with an improvised explosive device? That’s not even news to anyone who works there. It happens all the time. The failure rate is pretty high, especially with federal investigators, and the pat-down itself is ridiculous. As invasive as it is, you still can’t find anything using the back of your hand on certain areas.

When there are internal tests, conducted by the Newark training department, it’s easy to cheat because they use our co-workers. You could be working with someone all morning, and then they’re gone. Word gets around the checkpoint. Someone will come over to you and say, “Hey, it’s Joe. He’s got a blue duffel bag.”

What are the chances of you being on a flight where something happens? We always said it’s not a question of if terrorists get through — it’s a question of when. Our feeling is nothing’s happened because they haven’t wanted it to happen. We’re not any big deterrent. It’s all for show.

A real pat-down is when a police officer pulls you over, uses his hands to search, actually goes into your clothes. We have to use the back of our hands around certain areas. It just doesn’t work. It’s a really bad way to pat somebody down.

If I had to guess, I’m sure lots of things get through. One screener told me about something he did going through security when he went on vacation. Let’s just say the screeners did not catch something that was really obvious to anyone who was paying attention.

http://www.nypost.com/r/nypost/2013/03/10/news/web_photos/10N_TSA_IPAD--525x500.jpg

Most TSA screeners know their job is a complete joke. Their goal is to use this as a stepping stone to another government agency.

We work in a culture where common sense has no place. All but a very few TSA personnel know they’re employed by a bottom-of-the-barrel agency.

Our first question to anyone in a wheelchair is to ask if they’re able to stand for a pat-down. If someone is in a wheelchair, he likely can’t stand. Even when they’re sitting, we’re required to ask them to move so we can check under their buttocks.

All I needed was for a passenger to fall over because I asked them to stand. And if that did happen, the screener would be vilified and the official p.r. spin would be that he needed “additional training.”

Every time you read about a TSA horror story, it’s usually about a screener doing what he or she is instructed to do.

Supervisors play absolutely no role in day-to-day functions except to tell you not to chew gum. Gum chewing is a huge issue with management. I once saw a supervisor make an officer open his mouth to prove he had a mint and not a piece of gum.

Goofing off and half-hour-long bathroom breaks are the only way to break up the monotony. There is also a lot of ogling of female passengers by the male screeners. So, ladies, cover up when you get to the airport. These guys are checking you out constantly.

A small number of screeners are delusional zealots who believe they’re keeping America safe by taking your snow globe, your 2-inch pocket knife, your 4-ounce bottle of shampoo and performing invasive pat-downs on your kids.

(Incidentally, the flap over the new rule allowing small pocketknives is overblown. Most of the public doesn’t realize it, but you are already allowed to bring scissors, screwdrivers, tweezers, knitting needles and any number of sharp instruments on board.)

The rest are only there for the paycheck and generous benefits. Screeners start at $15 per hour, and there is tons of overtime — mainly because they are filling in for the many screeners who don’t bother coming to work. For every 40 hours you work, you receive four hours of vacation and four hours of sick time.

One screener didn’t come to work for four weeks. When he finally reappeared, he asked for another week off. The answer was no. So what did this brainiac decide to do? He took another week off — and didn’t get terminated.

People have been caught falling asleep on the job. They get written up, it’s put in their file, and that’s it.

New hires see how bad it is working there, and, believe it or not, TSA does manage to hire some pretty decent people. They just don’t last because they can get a normal job.

It’s the people who’ve been there a good number of years who could never find employment elsewhere. When you have a real job, it usually means you have to actually work and think, which a lot of them have a hard time doing.

Anyone boarding an aircraft should feel maybe only a teeny tiny bit safer than if there were no TSA at all.

 

“The problem with socialism is that you eventually run out of other people's money.”  Margaret Thatcher

“The problem with democracy, as opposed to a Constitutional Republic, is when the people realize they can vote themselves freebies; they’ll keep doing it until there’s nothing left but debt.” Al Duncan.  “Since a democracy is ‘the majority rules’ it’s like two wolves and one sheep voting on what’s for dinner.”  Unknown

Budget Background

Dec 07 2012

Total Welfare Spending Equates To $168 Per Day For Every Household In Poverty

Total Welfare Spending Equates To $168 Per Day For Every Household In Poverty

Based on data from the Congressional Research Service, cumulative spending on means-tested federal welfare programs, if converted into cash, would equal $167.65 per day per household living below the poverty level. By comparison, the median household income in 2011 of $50,054 equals $137.13 per day. Additionally, spending on federal welfare benefits, if converted into cash payments, equals enough to provide $30.60 per hour, 40 hours per week, to each household living below poverty. The median household hourly wage is $25.03. After accounting for federal taxes, the median hourly wage drops to between $21.50 and $23.45, depending on a household’s deductions and filing status. State and local taxes further reduce the median household’s hourly earnings. By contrast, welfare benefits are not taxed.

The universe of means-tested welfare spending refers to programs that provide low-income assistance in the form of direct or indirect financial support—such as food stamps, free housing, child care, etc.—and which the recipient does not pay into (in contrast to Medicare or Social Security). For fiscal year 2011, CRS identified roughly 80 overlapping federal means-tested welfare programs that together represented the single largest budget item in 2011—more than the nation spends on Social Security, Medicare, or national defense. The total amount spent on these federal programs, when taken together with approximately $280 billion in state contributions, amounted to roughly $1 trillion. Nearly 95 percent of these costs come from four categories of spending: medical assistance, cash assistance, food assistance, and social / housing assistance. Under the President’s FY13 budget proposal, means-tested spending would increase an additional 30 percent over the next four years.

The diffuse and overlapping nature of federal welfare spending has led to some confusion regarding the scope and nature of benefits. For instance, Newark Mayor Cory Booker has recently received a great deal of attention for adopting the “food stamp challenge” in which he spends only $30 a week on food (the average individual benefit). The situation Booker presents, however, is not accurate: a low-income individual on food stamps may qualify for $25,000 in various forms of welfare support from the federal government on top of his or her existing income and resources—including access to 15 different food assistance programs. Further, even if one unrealistically assumes that no other welfare benefits are available, the size of the food stamp benefit increases as one’s income decreases, as the benefit is designed as a supplement to existing resources; it is explicitly not intended to be the sole source of funds for purchasing food.

 

They ALL lie!  When will you wake up? The time to take back our Republic is running out. Watch the video.
http://www.nationalreview.com/corner/341589/gao-report-obamacare-adds-62-trillion-long-term-deficit-andrew-stiles

GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit

By Andrew Stiles

February 26, 2013 10:58 A.M.

Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office report that will be released today.

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”

The new report exposes the “lack of honesty” surrounding such claims, Sessions argued. “This is how a country goes broke,” he said.

 

 

This is why we’re broke!  Not welfare, not Medicare, not Social Security, but the payoff from our political representatives to their masters, the Banksters

http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html

Why Should Taxpayers Give Big Banks $83 Billion a Year?

Bythe EditorsFeb 20, 2013

On television, in interviews and in meetings with investors, executives of the biggest U.S. banks --notably JPMorgan Chase & Co. Chief Executive Jamie Dimon -- make the case that size is a competitive advantage. It helps them lower costs and vie for customers on an international scale. Limiting it, they warn, would impair profitability and weaken the country’s position in global finance.

So what if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the billions of dollars they allegedly earn for their shareholders were almost entirely a gift from U.S. taxpayers?

Too Big to Make Money?

Too Big to Make Money?

Granted, it’s a hard concept to swallow. It’s also crucial to understanding why the big banks present such a threat to the global economy.

Let’s start with a bit of background. Banks have a powerful incentive to get big and unwieldy. The larger they are, the more disastrous their failure would be and the more certain they can be of a government bailout in an emergency. The result is an implicit subsidy: The banks that are potentially the most dangerous can borrow at lower rates, because creditors perceive them as too big to fail.

Lately, economists have tried to pin down exactly how much the subsidy lowers big banks’ borrowing costs. In one relatively thorough effort, two researchers -- Kenichi Ueda of theInternational Monetary Fund and Beatrice Weder di Mauro of the University of Mainz -- put the number at about 0.8 percentage point. The discount applies to all their liabilities, including bonds and customer deposits.

Big Difference

Small as it might sound, 0.8 percentage point makes a big difference. Multiplied by the total liabilities of the 10 largest U.S. banks by assets, it amounts to a taxpayer subsidy of $83 billion a year. To put the figure in perspective, it’s tantamount to the government giving the banks about 3 cents of every tax dollar collected.

The top five banks -- JPMorgan, Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and Goldman Sachs Group Inc. - - account for $64 billion of the total subsidy, an amount roughly equal to their typical annual profits (see tables for data on individual banks). In other words, the banks occupying the commanding heights of the U.S. financial industry -- with almost $9 trillion in assets, more than half the size of theU.S. economy -- would just about break even in the absence of corporate welfare. In large part, the profits they report are essentially transfers from taxpayers to their shareholders.

Neither bank executives nor shareholders have much incentive to change the situation. On the contrary, the financial industry spends hundreds of millions of dollars every election cycle on campaign donations and lobbying, much of which is aimed at maintaining the subsidy. The result is a bloated financial sector and recurring credit gluts. Left unchecked, the superbanks could ultimately require bailouts that exceed the government’s resources. Picture a meltdown in which the Treasury is helpless to step in as it did in 2008 and 2009.

Regulators can change the game by paring down the subsidy. One option is to make banks fund their activities with more equity from shareholders, a measure that would make them less likely to need bailouts (we recommend $1 of equity for each $5 of assets, far more than the 1-to-33 ratio that new global rules require). Another idea is to shock creditors out of complacency by making some of them take losses when banks run into trouble. A third is to prevent banks from using the subsidy to finance speculative trading, the aim of the Volcker rule in the U.S. and financial ring-fencing in the U.K.

Once shareholders fully recognized how poorly the biggest banks perform without government support, they would be motivated to demand better. This could entail anything from cutting pay packages to breaking down financial juggernauts into more manageable units. The market discipline might not please executives, but it would certainly be an improvement over paying banks to put us in danger.

 

 

Kick all the bums out.  Start from scratch.  And the new ones, either they represent US or they go, immediately.

http://cnsnews.com/news/article/obama-s-paycheck-exempted-sequester

Obama’s Paycheck Exempted from ‘Sequester’

February 25, 2013


By Penny Starr

FILE - President Barack Obama at Fort Bliss in Texas on Aug. 31, 2012. (AP Photo/Tony Gutierrez)

(CNSNews.com) – President Barack Obama won’t have to worry about his paycheck if the spending sequestration included in the Budget Control Act that he signed into law in 2011 begins taking effect this Friday.

A report published last month by the Congressional Research Service--“Budget Sequestration and Selected Program Exemptions and Special Rules"--identifies certain programs that are exempt from sequestration and lays out special rules that govern the sequestration of others.

Section 255 of the Budget Control Act includes “Compensation for the President” as one of those exemptions (Page 19).

“Most exempt programs are mandatory, and include Social Security and Medicaid; refundable tax credits to individuals; and low-income programs such as the Children’s Health Insurance Program, Supplemental Nutrition Assistance Program, Temporary Assistance for Needy Families, and Supplemental Security Income,” the report states.

“Some discretionary programs also are exempt, notably all programs administered by the Department of Veterans Affairs,” it said. “Also, subject to notification of Congress by the president, military personnel accounts may either be exempt or reduced by a lower percentage,” the report states. (The report states in a footnote that the White House notified Congress last year of President Obama's intention to exempt military personnel accounts from sequestration.)

Pensions for former presidents are also exempt, according to the report.

The report states that “the effect of sequestration on any given program is subject to the interpretation of the law’s provisions by the Office of Management and Budget”--which is part of the Executive branch.

Article 2, Section 1, Clause 7 of the Constitution says that the president's compensation shall not be increased or decreased during the time for which he is elected.

"The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be increased nor diminished during the Period for which he shall have been elected," says the Constitution, "and he shall not receive within that Period any other Emolument from the United States, or any of them.

 

 

FAMOUS QUOTE

 

"This year will go down in history. For the first time, a

civilized nation has full gun registration. Our streets

will be safer, our police more efficient, and the world

will follow our lead into the future!"

~Adolph Hitler, 1938,

on The Weapons Act of Nazi Germany

 

 

Description: http://i1263.photobucket.com/albums/ii626/bigdan2001/Hitler_zpsbcdb8a92.jpg

 

Description:                   http://thumbnail.newsinc.com/24239888.jpg

 

Masters of deceit using kids as political human shields, yet murdering them in the multitudes through unjustified wars.  The registration determined who had the guns, the confiscation followed, which included enormous losses of life, and once the people were defenseless all hell broke out…  These are the historical facts in every case where a government has disarmed its people.  What fairy tale story makes you believe it will be any different today?

 

 https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=WYURSVJC96PD4

 

http://www.themasterplanbook.com/index.html

 
 

Here’s the proof that the small working middle class support the illegal aliens, those on welfare, 40% of Americans on Food Stamps, most major companies (GM, Chrysler, etc.), Social Security, Medicare, the senseless wars—war on poverty, war on drugs, war on education, war on crime, etc., the Aerospace programs, the Military Industrial Complex, the Prison Industrial Complex and all of the parasite bureaucrats who produce NOTHING and their luxurious life styles, from the street sweepers to the president, including all the black-holes they throw our money down.  They ARE the goose laying the golden eggs and they’re being taxed to death.  And when they die, and they will, the world will collapse.  That’s why our government needs 2 billion rounds of ammo…

 

Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered

By Michael, on February 18th, 2013

 

Abolish The Income Tax - You Won't Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered - Photo by Travis

The federal income tax is a bad joke and it needs to be abolished. All over the nation, hard working American families are being absolutely crushed by oppressive levels of taxation, and our politicians are constantly coming up with new ways to extract money from all of us every single year. Meanwhile, many ultra-wealthy Americans and many of the most profitable corporations in the country pay little to nothing in taxes. In fact, as you will see below, there are dozens of very prominent corporations that make billions of dollars in profits and yet don't pay a dime in taxes. Tax avoidance has become a multi-billion dollar industry in the United States. Those that have the resources to "play the game" use shell companies, offshore tax havens and the thousands of loopholes in our tax code to minimize their tax burdens as much as possible. Meanwhile, the rest of us get absolutely hammered. This is fundamentally unfair. The federal income tax system is irreversibly broken at this point, and it is time to abolish it. If you think that the federal income tax system can be "fixed", then you probably have never studied it. Our tax code is nearly 4 million words long and it is absolutely riddled with thousands of loopholes that favor big corporations and the ultra-wealthy. We should come up with a better, fairer way to fund the government. The United States once prospered greatly without a federal income tax, and it could do so again.

Many people simply do not believe that it is possible for corporations inside the United States to make billions of dollars in profits each year and not pay a dime in income taxes.

Well, according to a report put out by Public Campaign, that is exactly what is happening. Posted below are numbers that come directly from their report. 30 large corporations are listed, and 29 of them had a tax burden for 2008 through 2010 that was less than zero even though they all made enormous profits. And all 30 of them spent more on lobbying than they did on taxes.

The numbers that you are about to see are for 2008, 2009 and 2010 combined. For "taxes paid", please note that for 29 of the corporations a negative number is given. That means that the net tax liability for 2008 through 2010 was actually less than zero.

After seeing these numbers, is there anyone out there that is still willing to claim that our tax system is "fair"?...

General Electric
U.S. Profits: $10,460,000,000
Taxes Paid:
$4,737,000,000

PG&E Corp.
U.S. Profits: $4,855,000,000
Taxes Paid:
$1,027,000,000

Verizon Communications
U.S. Profits: $32,518,000,000
­Taxes Paid:
$951,000,000

Wells Fargo
U.S. Profits: $49,370,000,000
­Taxes Paid:
$681,000,000

American Electric Power
U.S. Profits: $5,899,000,000
­Taxes Paid:
$545,000,000

Pepco Holdings
U.S. Profits: $882,000,000
­Taxes Paid:
$508,000,000

Computer Sciences
U.S. Profits: $1,666,000,000
Taxes Paid:
$305,000,000

CenterPoint Energy
U.S. Profits: $1,931,000,000
Taxes Paid:
$284,000,000

NiSource
U.S. Profits: $1,385,000,000
­Taxes Paid:
$227,000,000

Duke Energy
U.S. Profits: $5,475,000,000
­Taxes Paid:
$216,000,000

Boeing
U.S. Profits: $9,735,000,000
Taxes Paid:
$178,000,000

NextEra Energy
U.S. Profits: $6,403,000,000
­Taxes Paid:
$139,000,000

Consolidated Edison
U.S. Profits: $4,263,000,000
­Taxes Paid:
$127,000,000

Paccar
U.S. Profits: $365,000,000
­Taxes Paid:
$112,000,000

Integrys Energy Group
U.S. Profits: $818,000,000
Taxes Paid:
$92,000,000

Wisconsin Energy
U.S. Profits: $1,725,000,000
Taxes Paid:
$85,000,000

DuPont
U.S. Profits: $2,124,000,000
Taxes Paid:
$72,000,000

Baxter International
U.S. Profits: $926,000,000
­Taxes Paid:
$66,000,000

Tenet Healthcare
U.S. Profits: $415,000,000
Taxes Paid:
$48,000,000

Ryder System
U.S. Profits: $627,000,000
­Taxes Paid:
$46,000,000

El Paso
U.S. Profits: $4,105,000,000
­Taxes Paid:
$41,000,000

Honeywell International
U.S. Profits: $4,903,000,000
­Taxes Paid:
$34,000,000

CMS Energy
U.S. Profits: $1,292,000,000
­Taxes Paid:
$29,000,000

Con-­way
U.S. Profits: $286,000,000
Taxes Paid:
$26,000,000

Navistar International
U.S. Profits: $896,000,000
­Taxes Paid:
$18,000,000

DTE Energy
U.S. Profits: $2,551,000,000
­Taxes Paid:
$17,000,000

Interpublic Group
U.S. Profits: $571,000,000
­Taxes Paid:
$15,000,000

Mattel
U.S. Profits: $1,020,000,000
­Taxes Paid:
$9,000,000

Corning
U.S. Profits: $1,977,000,000
­Taxes Paid:
$4,000,000

FedEx
U.S. Profits: $4,247,000,000
Taxes Paid: $37,000,000 (a rate of less than 1%)

Total
U.S. Profits: $163,691,000,000
­Taxes Paid:
$10,602,000,000

Just look at that combined total again.

Those 30 companies had combined profits of more than 163 billion dollars during those three years, and yet the combined net tax liability of those companies was negative 10.6 billion dollars.

I wish I could make my taxes look like that.

Another company that is making headlines because of their taxes these days is Facebook.

It turns out that Facebook made more than a billion dollars in 2012 but did not pay a single dime in federal or state income taxes. The following is from a report that was just released by Citizens for Tax Justice...

Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime in federal and state income taxes.

Instead, Facebook says it will receive net tax refunds totaling $429 million.

According to Businessweek, Facebook has an additional 2 billion dollars in tax credits that it will be able to use in future years...

Facebook says that it anticipates reducing its tax liability in the future by an additional $2.17 billion by using further net operating loss carry-forwards that it has banked.

And of course when it comes to abusing the tax system, the big Wall Street banks are some of the worst offenders. The following is an excerpt from a report put out by the office of U.S. Senator Bernie Sanders...

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Here are just a few examples of how the corporations and Wall Street banks these CEOs work for have significantly harmed our economy and the federal budget:

1. Bank of America CEO Brian Moynihan

Number of Offshore Tax Havens in 2010? 371.

In 2010, Bank of America operated 371 subsidiaries incorporated in offshore tax havens. 204 of these subsidiaries are incorporated in the Cayman Islands, which has a corporate tax rate of 0%.

Amount of federal income taxes Bank of America would have owed if offshore tax havens were eliminated? $2.5 billion.

Bank of America has stashed $18.5 billion in offshore tax havens to avoid paying U.S. income taxes. Bank of America would owe an estimated $2.5 billion in federal income taxes if its use of offshore tax avoidance was eliminated.

Amount of federal income taxes paid in 2010? Zero. $1.9 billion tax refund.

Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? Over $1.3 trillion.

During the financial crisis, Bank of America received a total of more than $1.3 trillion in virtually zero interest loans from the Federal Reserve and a $45 billion bailout from the Treasury Department.

2. JP Morgan Chase CEO James Dimon

Number of Offshore Tax Havens in 2010? 83.

In 2010, JP Morgan Chase operated 83 subsidiaries incorporated in offshore tax havens.

Amount of federal income taxes JP Morgan Chase would have owed if offshore tax havens were eliminated? $4.9 billion

JP Morgan Chase has stashed $21.8 billion in offshore tax haven countries to avoid payng income taxes. If this practice was outlawed, it would have paid $4.9 billion in federal income taxes.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? $416 billion

During the financial crisis, JP Morgan Chase received a total of more than $391 billion in virtually zero interest loans from the Federal Reserve and a $25 billion bailout from the Treasury Department, while Jamie DImon served as a director of the New York Federal Reserve.

3. Goldman Sachs CEO Lloyd Blankfein

Amount of federal income taxes paid in 2008? Zero. $278 million tax refund.

In 2008, Goldman Sachs received a $278 million refund from the IRS, even though it earned a profit of $2.3 billion that year.

Number of offshore tax havens in 2010? 39.

In 2010, Goldman Sachs operated 39 subsidiaries in offshore tax haven countries.

Amount of federal income taxes Goldman Sachs would have owed if offshore tax havens were eliminated? $3.32 billion.

Goldman Sachs has stashed $20.63 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $3.32 billion in federal income taxes.

Taxpayer Bailout from the Federal Reserve and the Treasury Department? $824 billion.

During the financial crisis, Goldman Sachs received a total of $814 billion in virtually zero interest loans from the Federal Reserve and a $10 billion bailout from the Treasury Department.

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Are you starting to get the picture?

The big banks and the big corporations make billions, but they pay nothing or next to nothing.

The rest of us bust our rear ends to try to get ahead, and we get gouged by dozens of different taxes.

Over time, the percentage of the overall tax burden shouldered by corporations has gotten smaller and smaller.

Back in 1950, corporate taxes accounted for about 30 percent of all federal revenue. In 2012, corporate taxes accounted for less than 7 percent of all federal revenue.

These days, large corporations have become absolute masters at avoiding taxes. In fact, there are many international tax havens that are doing a booming business in setting up sham headquarters for U.S. corporations. For example, the city of Zug, Switzerland only has a population of 26,000 people but it is the headquarters for 30,000 companies.

But corporations are not the only ones doing this kind of thing.

The ultra-wealthy have also mastered the art of legally not paying taxes.

As I mentioned in a previous article, it has been reported that the global elite have up to 32 TRILLION dollars stashed in offshore banks around the globe.

With that amount of money, you could pay off the entire U.S. national debt and still have enough money left over to buy every product and service produced in the United States during an entire year.

It is time to admit that our tax system is broken.

Congress has had decades to fix it, and yet the abuses just keep getting worse.

What we are doing is not working.

We need to abolish the income tax.

If you are still not convinced that the federal income tax is an abomination and that we need to abolish it, here are some more shocking facts about our tax system from one of my previous articles about taxes...

1 - The U.S. tax code is now 3.8 million words long. If you took all of William Shakespeare's works and collected them together, the entire collection would only be about 900,000 words long.

2 - According to the National Taxpayers Union, U.S. taxpayers spend more than 7.6 billion hours complying with federal tax requirements. Imagine what our society would look like if all that time was spent on more economically profitable activities.

3 - 75 years ago, the instructions for Form 1040 were two pages long. Today, they are 189 pages long.

4 - There have been 4,428 changes to the tax code over the last decade. It is incredibly costly to change tax software, tax manuals and tax instruction booklets for all of those changes.

5 - According to the National Taxpayers Union, the IRS currently has 1,999 different publications, forms, and instruction sheets that you can download from the IRS website.

6 - Our tax system has become so complicated that it is almost impossible to file your taxes correctly. For example, back in 1998 Money Magazine had 46 different tax professionals complete a tax return for a hypothetical household. All 46 of them came up with a different result.

7 - In 2009, PC World had five of the most popular tax preparation software websites prepare a tax return for a hypothetical household. All five of them came up with a different result.

8 - The IRS spends $2.45 for every $100 that it collects in taxes.

9 - According to The Tax Foundation, the average American has to work until April 17th just to pay federal, state, and local taxes. Back in 1900, "Tax Freedom Day" came on January 22nd.

10 - When the U.S. government first implemented a personal income tax back in 1913, the vast majority of the population paid a rate of just 1 percent, and the highest marginal tax rate was just 7 percent.

11 - Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal spending that they get back.

12 - The United States is the only nation on the planet that tries to tax citizens on what they earn in foreign countries.

13 - According to Forbes, the 400 highest earning Americans pay an average federal income tax rate of just 18 percent.

14 - Warren Buffett had an effective tax rate of just 17.4 percent for 2010.

15 - The top 20 percent of all income earners in the United States pay approximately 86 percent of all federal income taxes.

16 - Sadly, as Bill Whittle has shown, you could take every single penny that every American earns above $250,000 and it would only fund about 38 percent of the federal budget.

Please share this article with as many people as you can. We have now entered a time of the year when tens of millions of Americans will be filling out their tax returns, and the pain of going through that process will make people even more receptive than normal to the truth about how broken our system is.

So what do you think?

Do you think that it is fair for the ultra-wealthy and hugely profitable corporations to get away with paying zero taxes while you get hammered?

Do you believe that it is time to abolish the income tax?

 

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