Companies Making A Jackass Out Of Taxpayers

Congressional Research Service Data Shows, "47 U.S. corporations have reincorporated overseas through corporate inversions in the last 10 years, far more than during the previous 20 years combined, according to new data compiled by the Congressional Research Service. In total, 75 U.S. corporations have inverted since 1994 – with one other inversion occurring in 1983."

Microsoft Admits Keeping $92 Billion Offshore to Avoid Paying $29 Billion in U.S. Taxes

Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax , "The multinational companies have accumulated $1.95 trillion outside the U.S."

Everything You Need to Know About Corporate Inversions


CommentaryDon't expect to see this in the main stream media since it's owned by some of the very corporations gaming the system.

Nearly each and every day we are told how government can't afford education, social security or healthcare (including those for our veterans). How increasing the minimum wage will hurt businesses. Well I'm here to tell ya, none of that is so.

I don't intend to make this post too long so I will give one example of another way how we're being conned. It concerns our 401k's. Most workers can contribute up to $17,500 in 2014. Up to about 15% of their income.

These 401k's are nothing more then returning our pay back to the very corporations from which we were paid in the hopes we could make a couple of buck$ for our retirement. So not only are all too many corporations not paying taxes, receiving taxpayer subsidies but also taking a portion of what they pay their employees sent right back to them.

What if Social Security were redesigned that all this money was going to it instead?

Well I'll tell ya.
Everybody would end up getting the same amount of money (or more) after they retired they once did while working.

I tried to find a link listing the companies who (unlike us) aren't paying taxes, but have been unsuccessful. About the best advice I can offer is buy goods and services from local small owners whenever possible.