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POPSStroke the Rich
The IRS has become a subsidy system for super-wealthy Americans IRS winks at rich deadbeats. Because the news media focus on what politicians say about the tax system, rather than how it actually operates, few Americans realize that: -- Corporate income tax laws reward companies that move jobs offshore, allowing them to earn untaxed profits as long as the money stays offshore. -- Widespread cuts in health insurance and pensions for the rank-and- file are driven by a special law that lets top executives defer paying taxes for years, in a way that adds 35 percent to the cost of their bloated pay. -- The 2001 Bush tax cuts included a stealth tax increase on the middle class and upper-middle class that will cost them a half trillion dollars in the first 10 years and, for 35 million families, wiping out part or all of their Bush tax cuts. -- The stealth tax boost on people making $30,000 to $500,000 was explicitly used to make sure that the super rich would get their entire Bush tax
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