Good Paying Middle Class Jobs Move To China

Between 2001 and 2013, 3.2 million U.S. jobs were eliminated; 2.4 million were in manufacturing. The computer and electronic parts industry make up 39.6% of job loss. (A total of $324.2 billion in lost U.S. income in 2013 alone.)

Corporate Welfare Recipient #4: Verizon

Verizon profit 2013 was $28.83 billion. Verizon's Taxes for U.S. corporate income tax: a REFUND of $197 million. No more current data is available as of 02/2016.

Corporate Welfare Recipient #5: JP Morgan Chase

JPMorgan profit for 2013 was $17.23 billion. JP Morgan's corporate income tax: a REFUND of $1.3 billion.

Corporate Welfare Recipient #6: General Motors

GM profit for 2013 was $4.88 billion. GM's  corporate income tax: a REFUND of $34 million. No more current information available as of 02/2016.

Tax Haven

A US Government Accountability Office study found that over 18,000 companies are registered at a single address in the Cayman Islands, a country with no corporate or capital gains taxes.

Banking System Functions like a Mafia Cartel System

The major banks of the world have been caught ripping off billions of dollars from schools, hospitals, libraries, and nursing homes from virtually every state, district and territory in the United States.

How the US Postal Service is Being Phased Out

The Postal Accountability and Enhancement Act, passed into law in 2006, gives the Postal Service 10 years to pre-fund yet to be born employees (of the year 2091) retiree health care benefits. This mandate is responsible for $4 out of every $5 in Postal Service debts.

The Black Hole in the World Economy

The global super-rich elite hold between $21 - $32 TRILLION  of taxable income hidden in secret tax havens, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined.

Offshore Tax Havens Toll On America

The average tax filer in 2013 would have to pay $1259.00 to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The average American small business would have to pay $3923.

Revenue Lost

Every year, corporations and wealthy individuals avoid paying an estimated $100 billion in taxes by shifting income to low or no tax offshore tax havens. Of that $100 billion, $60 billion in taxes are avoided specifically by corporations.