The effective tax rate is half the nominal corporate tax rate. Two-thirds of US corporations paid no tax. GE took a $3.2 billion corporate tax benefit.
The revenue and tax avoidance problem is cast as an overspending problem. Greedy teachers and firefighters are pilloried while speculators and financiers are called "system relevant" and ignored.
In World War II, corporations paid 50% more than individuals and tamilies. By the time Reagan left office, individuals and families paid four times more.
The myths of the self-healing market, free trade and beneficent corporations must be unmasked. Otherwise we face the "end game of humanity" (Arundhati Roy), Noam Chomsky warned.
Video: Joshua Holland "The 15 Biggest Lies About the Economy and Everything Else the Right Doesn't Want You to Know about Taxes, Jobs and Corporate America"
BookTV presentation, 50 minutes, May 15, 2011
www.booktv.org/Watch/12392/The+Fifteen+Biggest+Lies+About+the+Economy+And+Everything+Else+the+Right+Doesnt+Want+You+to+Know+About+Taxes+Jobs+and++++Corporate+America.aspx
Video: Nathan Hodge "Armed Humanitarianism - The Rise of Nation Builders"
BookTV presentation, 10 minutes, May 15, 2011
www.booktv.org/Watch/12382/2011+Virginia+Festival+of+the+Book+Interview+Nathan+Hodge+quotArmed+Humanitarians+The+Rise+of+Nation+Buildersquot.aspx
Video: Noam Chomsky "American Power and the New Mandarins"
BookTV presentation. 1 hr 23 minutes, August 1, 2009
www.booktv.org/Watch/10600/American+Power+and+the+New+Mandarins+40th+Anniversary+Talk.aspx