Corporations exploit loopholes to avoid paying the actual tax rate.  GE has paid nowhere close to the 35% tax rate for almost a decade. via Mother Jones

ICYMI: Without real tax reform, the income gap will continue to increase. via Mother Jones

Due in part to exploitable loopholes in the federal tax code, corporations have avoided paying their fair share in taxes. via Mother Jones

FYI: Tax increases in the fiscal cliff deal aren’t anything to write home about. 

How the U.S. GDP is calculated. 

(Source: NPR) 

Surprise! Most people do not believe raising taxes on those making $250,000 or more would make the tax system more unfair.

(source: Center for American Progress)

The American public doesn’t seem to think raising taxes on the rich is much of a problem. 

(source:Center for American Progress)

It’s pretty easy to see who loses under the Republican Senate tax plan: More than 20 million families would lose tax credits under Sen. McConnell’s tax plan, compared to the 2.1 million high-income households that would lose some of their George W. Bush-era tax cuts under the Senate Democratic plan.

(source: Center for American Progress)

New Analysis confirms high-income taxpayers benefit from “middle class” Tax Cuts. Despite widespread assertions to the contrary, people with incomes of more than $250,000 would benefit from Obama’s proposal because Obama’s proposal would extend the tax cut on all income up to $250,000

(source: Center on Budget and Policy Priorities) 

Cigarette taxes work. If California approves a new cigarette tax, it would almost certainly drive down the the state’s smoking rate, and make Americans healthier.

(Source: washingtonpost.com)