Tuesday, April 29, 2014

My Presentation : PART I - TAXATION PROVIDES WEALTH FOR THE RICH

My Presentation : PART I - TAXATION PROVIDES WEALTH FOR THE RICH
This article is not the complete document presented by Press TV
THE BIG TIP THAT AMERICA'S SERVERS  NEVER SEE
Under current tax law, corporations can essentially deduct off their taxes whatever many millions they pour into top executive pockets.
!!But plenty of other corporate giants that inflate our inequality have been flying under the radar screen. Who, for instance, has ever heard of Darden? Or Yum! Brands?These little-known outfits just happen to rate as two of the biggest corporate behemoths in the restaurant industry. They’ve been squeezing  workers — and soaking taxpayers — as relentlessly as any enterprises in America. Yet they barely have any national profile at all.!!
@Restaurant workers nationwide take home so little pay, notes the new Institute for Policy Studies Restaurant Industry Pay study, that over half of them have to depend on food stamps and other taxpayer-subsidized safety net programs@
#Under current tax law, corporations can essentially deduct off their taxes whatever many millions they pour into top executive pockets, so long as they define those millions as “pay for performance.”#
$In 2012 and 2013, this loophole saved the restaurant industry’s 20 top corporations — and cost the federal treasury — $232 million, enough, notes the Institute for Policy Studies, “to cover the cost of food stamps for more than 145,000 households for a year.”$

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