Oh sorry, you might not have one but maybe every American should get one of those 'babies'. The off shore accounts are literally robbing the American taxpayer blind. Each and every one of us have to pay more taxes because of them. For the rich, who don't believe in the redistribution of the wealth, they sure don't have a problem with distributing their tax obligations over to the middle class and poor?
Think I am being too shrill?
Think again because the facts are overwhelming. In offshore and hidden accounts, the Global elite has hidden an astounding $18 TRILLION! That is right the figure is trillion and not billion. Keep in mind that in 2010, the Gross Domestic Product (GDP) of the United States was just over $14 TRILLION. In fact, 80% of international banking goes through offshore accounts.
In a 2008 Senate report, they estimated that the offshore accounts were costing American taxpayers at least $100 billion a year! My guess is that figure is much higher today. The estimate is that 31% of the net profits of the United States multinational corporations are hidden in offshore accounts so they can't be taxed.
If you add in the corporate tax deductions (corporate welfare) which is another $100 billion, you have almost half the cost of medicare each year.
As President Obama is attempting to get tough with the tax evaders, more and more of them are considering giving up their citizenship instead of paying their fair share. That sure puts into perspective the patriotism and sacrifice made by the soldiers in Afghanistan and Iraq, doesn't it?
So as you fill out and send in your taxes don't forget you are subsidizing those with offshore accounts because they don't want to pay their fair share. How does that make you feel?