It Ain't Fair

Corporate America is shutting average Americans' voices out, while they help themselves to taxpayer dollars. The economic playing field is tilted against the middle class — and we have the power to change that.

politics

estate taxes politics

Should we call it the “Death Tax” or the “Paris Hilton Luxury Tax?”

Most of the founding fathers did not want America to become like the Europe they had left. They did not want a landed gentry and all the wealth and power handed down from generation to generation. George Washington said, “legislators cannot invent too many devices for subdividing property.”  President, believed that entrenched economic inequality would create a political oligarchy in America because that was the relentless pattern throughout European history.

bad government politics Taxes

B.P.’s Gulf oil spill got them a $61 billion fine with a $17 billion tax break-When fines are tax-deductible, taxpayers get screwed.

On April 10, 2010, B.P.’s Deep-water Horizon rig had a blowout a mile underwater. The rig caught fire and eventually sank. The well leaked for 87 days, pouring 3.2 billion barrels of oil into the Gulf of Mexico. A barrel of oil contains 42 gallons, so 133,980,000 million gallons of oil spilled into the Gulf.

politics Taxes

What Itaintfair.org is all about

Itaintfair.org is an organization that works to unite Americans in political issues. Corporate America is shutting average Americans’ voices out, while they help themselves to taxpayer dollars. The economic playing field is tilted against the middle class — and we have the power to change that. For more information, please visit https://itaintfair.org/get-involved/​

bad government politics Taxes

Carried Interest Tax Break

Private equity, hedge funds and investment funds are made up of two different kind of partners, general partners, who put the investment group together and have all the authority to direct the investments of the group and limited partners who are the ones that put in the bulk of the money but have no say in what investments the general partners participate in.

Cost of living living wage politics wages fall behind cost of living

Fact Sheet for America

The U.S. Population in 2019 was 329 million and contained about 128 million households. 37.1% or 47.61 million households earned less than $50,000 a year. 10.3% or 13.24 million households earned $200,000 plus. We show from The Massachusetts Institute of Technology a living wage calculator for various cities in the U.S. For a family of four with two workers went from a low of $59,987 to $85,154.

https://livingwage.mit.edu

lobbying political philosophy politics

The Tug of War

Special Interest groups and big companies spent $3.22 billion in 2015 lobbying our elected officials, and have spent at least $ 3 billion each year since 2008. That money is spent to influence laws, rules, and policies that benefit themselves. Most of that money is not tax deductible for the companies. Therefore, they find it to be a good investment, since businesses don’t spend money that doesn’t yield a reasonable return.