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Wednesday, April 13, 2005

Missing Tax Dollars

As a complement to "Swine Still Doing Fine," today's Institute report from correspondant Sean Reilly about the rise of pork spending under our current Washington leadership, here are stats from today's issue of the Facing South newsletter:
INSTITUTE INDEX

Percent that state income tax collected from corporations has dropped since 1989: 40
Amount of federal revenue lost due to corporate offshore tax havens: $255 billion
Amount lost from corporate underreporting of income: $30 billion
Of 275 largest corporations, number that didn't pay any taxes at least one year between 2001 and 2003: 82
Amount of spending the Pentagon admits it cannot account for: $2.3 trillion
Amount this represents for every person in the United States: $8,000
Amount that Halliburton is known to have overcharged taxpayers on one of its Iraq contracts: $212 million
Amount of federal money earmarked for Wal-Mart in 2005 transportation bill to widen the road to their headquarters: $37 million
Number of hours it takes for Wal-Mart to make $37 million in profits: 31
posted by Chris Kromm at 11:00 AM | Email this post | Post a Comment
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Who Are These Folks?

CHRIS KROMM blogs three days a week for Facing South. Chris is Executive Director of the Institute for Southern Studies and publisher of the Institute’s award-winning magazine, Southern Exposure.

SUE STURGIS blogs four days a week for Facing South. Sue is the Institute’s Editorial Director and a former reporter for The Independent Weekly and The Raleigh News & Observer.

DESIREE EVANS blogs four days a week for Facing South. Desiree is a Research Associate at the Institute and former policy analyst for TransAfrica.

The views expressed on Facing South are those of the authors and not necessarily represent the views of the Institute for Southern Studies. The editors reserve the right to reject comments that are abusive, offensive, misleading, or that promote commercial goods and services.

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