Us IRS Jobs
July 30th, 2008
Question: So what happened to all the jobs that were supposed to be created with the Bush tax cuts?
Why did the IRS have to sue the UBS (Swiss Bank) to release the names of 52,000 tax cheats hiding about $15 billion in US currency in offshore tax havens?
I thought the richest 2% were going to use their massive Bush tax cuts to stimulate the economy and create jobs?
How exactly does hiding the money in an offshore tax haven stimulate the US economy again?
Is there any bigger argument to put the tax rate for the top 2% of wealthiest Americans, back to where it was under Republican President Eisenhower during the 1950’s, which was one of the most prosperous decades for the USA during the 20th century?
http://www.usatoday.com/money/industries/banking/2009-02-19-ubs-tax-evaders-irs_N.htm
http://www.marketwatch.com/story/irs-ubs-agrees-to-hand-over-us-accounts-2009-08-19
Bullseye: The Bush tax cuts are still in effect and unemployment continues to rise.
So it is a legitimate question.
BTW: I’m in the top 10%.
Answer: Money that big business saves by tax cuts is not reinvested in jobs. It’s reinvested in various assets so it can earn more money simply by being invested. Capitalists would prefer not to throw money away on wages. Tax cuts = job creation is a total fallacy
Barry Dolowich: Job moves could be deductible
Q: My husband and I are moving from Denver to Pacific Grove to start jobs working for my parents. The move will probably cost us about $5,000, which will not be reimbursed. Previously, we spent money in our quest for other new job opportunities.
Obama Goes After Overseas Tax Cheats
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