{"id":9578,"date":"2011-04-08T08:55:59","date_gmt":"2011-04-08T07:55:59","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=9578"},"modified":"2011-04-08T08:58:19","modified_gmt":"2011-04-08T07:58:19","slug":"key-us-tax-facts-as-the-right-wing-tries-to-shut-down-the-government","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/08\/key-us-tax-facts-as-the-right-wing-tries-to-shut-down-the-government\/","title":{"rendered":"Key US tax facts as the right wing tries to shut down the government"},"content":{"rendered":"<p>I thought these comparisons pretty telling from the <a href=\"http:\/\/www.ips-dc.org\/reports\/unnecessary_austerity_unnecessary_government_shutdown\">US Institute for Policy Studies<\/a>:<\/p>\n<blockquote>\n<p style=\"margin-top: 1.5em; margin-right: 0px; margin-bottom: 1.5em; margin-left: 0px; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">Key USTax Facts<\/strong><\/p>\n<ul style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; border: 0px initial initial;\">\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">15,753: <\/strong>The number of households in 1961 with $1 million in taxable income (adjusted for inflation).<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">361,000:<\/strong> The number of households in 2011 estimated to have $1 million in taxable income.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">43.1: <\/strong>Percent of total reported income that Americans earning $1 million paid in taxes in 1961 (adjusted for 2011 dollars)<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">23.1: <\/strong>Percent of total reported income that Americans earning $1 million are likely to pay in taxes in 2011, estimated from latest IRS data.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">47.4:<\/strong> Percent of profits corporations paid in taxes in 1961.<\/li>\n<li style=\"margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 3em; line-height: 1.5em; padding: 0px; border: 0px initial initial;\"><strong style=\"padding: 0px; margin: 0px; border: 0px initial initial;\">11.1: <\/strong>Percent of profits corporations paid in taxes in 2011.<\/li>\n<\/ul>\n<\/blockquote>\n<p>Here's<a href=\"http:\/\/economix.blogs.nytimes.com\/2011\/04\/04\/tax-havens-and-treasure-hunts\/\"> another way of looking at the trend<\/a>:<\/p>\n<p><img decoding=\"async\" style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"04economist--folbre-blog480.jpg\" src=\"http:\/\/graphics8.nytimes.com\/images\/2011\/04\/04\/business\/04economist--folbre\/04economist--folbre-blog480.jpg\" border=\"0\" alt=\"04economist--folbre-blog480.jpg\" \/><\/p>\n<p>The <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/3d5e6360-612b-11e0-8899-00144feab49a.html?ftcamp=rss&amp;ftcamp=crm\/email\/201147\/nbe\/InTodaysFT\/product#axzz1IuoYYasK\">US right wing is trying to shut down government in the USA<\/a>. This is getting too little press this side of the Atlantic: we have a situation where quite literally the right wing is trying to cripple government.<\/p>\n<p>They claim America is over taxed.<\/p>\n<p>They want to slash services.<\/p>\n<p>They claim this will create prosperity.<\/p>\n<p>It may - for a tiny few - but it will desert America in the process.<\/p>\n<p>In 1961 the US had never had it so good.<\/p>\n<p>In 1961 it was confident enough to start a space programme - right or wrong.<\/p>\n<p>And it was time for it to face up to the civil wrongs in its society.<\/p>\n<p>Now it's being held ransom for the benefit of the reach who want the right to exploit.<\/p>\n<p>This is what the Tea Party want.<\/p>\n<p>This is what the right wing of the Conservative Party in the Uk wants.<\/p>\n<p>This is why he NHS is being privatised.<\/p>\n<p>This is wrong.<\/p>\n<p>Left minded people have to fight it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I thought these comparisons pretty telling from the US Institute for Policy Studies: Key USTax Facts 15,753: The number of households in 1961 with $1<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/04\/08\/key-us-tax-facts-as-the-right-wing-tries-to-shut-down-the-government\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,35,16,137,75],"tags":[],"class_list":["post-9578","post","type-post","status-publish","format-standard","hentry","category-conservatives","category-economics","category-ethics","category-new-category","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=9578"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/9578\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=9578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=9578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=9578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}