Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts

Monday, August 13, 2018

Clinton Foundation Tax Return Shows It's A Scam

These figures are from an official copy of the Bill, Hillary and Chelsea Clinton Foundation for the tax year 2014.  

The copy of the tax return is from the National Center for Charitable Statistics website! 

You can get the latest tax return on any charitable organization!  (link below)
  
Total revenue (line 12)  ……………….$177,804,612.00
  
Total grants to charity (line 13) ………..$5,160,385.00  (that’s less than 3%)
  
Total expenses of………………………… $91,281,145.00

expenses include: salaries (line 15)….$34,838,106.00
fund raising fees (line 16a) ……….$850,803.00
other expenses (line 17) …..$50,431,851.00
  
They list 486 employees (line 5)! 
  
It took 486 people who are paid $34.8 million and $91.3 million in fees and expenses, to give away $5.1 MILLION WHICH IS LESS THAN 3% OF TOTAL REVENUES!
  
Line 22 shows ending year net assets/fund balances of $332,471,349.00 which is up $85,171,891 from last year’s tax return!
  
And they call this a CHARITY?

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Wednesday, April 13, 2016

Free Trade Agreements, Tariffs and Tax Reductions: “Squeezing the Lemon Dry” on Behalf of Giant Corporations

Big capital has constantly decreased its contribution to the state – creating a gap in the state’s coffers which is then filled by more and varied taxes on ordinary people – ultimately shrinking the very market big capital needs to sell its increased production of goods.

Tariffs and Taxes

“Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.” Alan Keyes

Free trade areas and free trade agreements have allowed for the growth of multinational corporations but the concomitant reductions in tariffs caused a decline in income for the states involved.

Tariffs are defined as “a tax imposed on the import or export of goods. In general parlance, however, it refers to “import duties” charged at the time goods are imported. Tariffs have three primary functions: to serve as a source of revenue, to protect domestic industries, and to remedy trade distortions (punitive function).”

As tariff income declined income taxes and payroll taxes increased. In many cases workers also objected to reductions in tariffs as cheap imports had deleterious effects on their industries and jobs.

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