How You Can Have a Billion-Dollar Salary In America and Pay No Taxes

[Donnachaidh]

http://www.alternet.org/economy/150673/how_you_can_have_a_billion-dollar_salary_in_america_and_pay_no_taxes/


Tax journalist David Cay Johnston explains what's so rotten about our taxation system and the distribution of wealth in this country.

:snip:

Terrence McNally: When I last interviewed you on Inauguration Day 2009, I said, "Due to the scale of our multiple calamities, we may finally be ready to make meaningful changes to business as usual," and I read a quote from Rebecca Solnit: "Obama, who is merely impressive as an individual, is unstoppable as a phenomenon created out of the collective hopes and desires of the public, which must continue dreaming and prodding him forward to make the world we want to see." Your response?

David Cay Johnston: The last two years have demonstrated quite clearly that President Obama, like everybody else who gets a serious shot at being president, has to be acceptable to the establishment, and in particular, acceptable to Wall Street. While we continue to suffer from the serious problems left by the previous administration's policies, the responses have all been very focused on what Wall Street thinks are the solutions.

TM: Obama's first two years have made it clear that in the current system all presidential contenders ultimately represent their funders, and, given Citizens United, that will only get worse.

More at the link --