{"id":17056,"date":"2016-10-25T12:07:58","date_gmt":"2016-10-25T20:07:58","guid":{"rendered":"https:\/\/futureisfiction.com\/blog\/?p=17056"},"modified":"2018-10-25T11:56:33","modified_gmt":"2018-10-25T19:56:33","slug":"one-chart-shows-how-the-tax-burden-has-shifted-from-corporations-to-the-working-class","status":"publish","type":"post","link":"https:\/\/futureisfiction.com\/blog\/one-chart-shows-how-the-tax-burden-has-shifted-from-corporations-to-the-working-class\/","title":{"rendered":"One Chart Shows How the Tax Burden has Shifted from Corporations to the Working Class"},"content":{"rendered":"<div class=\"ttr_start\"><\/div><figure id=\"attachment_17057\" aria-describedby=\"caption-attachment-17057\" style=\"width: 1053px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17057\" src=\"https:\/\/futureisfiction.com\/blog\/wp-content\/uploads\/2016\/10\/taxes-1952-and-2015-compared-chart-from-TYT.png\" alt=\"Chart comparing taxes in 1952 and 2015. Social Insurance and Retirement are the taxes on this chart that tend to fall on the poor or middle class. \" width=\"1053\" height=\"733\" srcset=\"https:\/\/futureisfiction.com\/blog\/wp-content\/uploads\/2016\/10\/taxes-1952-and-2015-compared-chart-from-TYT.png 1053w, https:\/\/futureisfiction.com\/blog\/wp-content\/uploads\/2016\/10\/taxes-1952-and-2015-compared-chart-from-TYT-300x209.png 300w, https:\/\/futureisfiction.com\/blog\/wp-content\/uploads\/2016\/10\/taxes-1952-and-2015-compared-chart-from-TYT-768x535.png 768w, https:\/\/futureisfiction.com\/blog\/wp-content\/uploads\/2016\/10\/taxes-1952-and-2015-compared-chart-from-TYT-1024x713.png 1024w\" sizes=\"auto, (max-width: 1053px) 100vw, 1053px\" \/><figcaption id=\"caption-attachment-17057\" class=\"wp-caption-text\">Since the Greatest Generation&#8217;s &#8220;Golden Age&#8221; taxes ave gone down for corporations and up for the poor.<br \/>[screenshot of The Young Turks]<\/figcaption><\/figure>\n<p>Just wanted to drop in here and share this astounding chart from yesterday&#8217;s &#8220;Hour One&#8221; of <em>The Young Turks<\/em> show. They shared this while building an argument against the Washington establishment consensus that budget proposals should be revenue neutral. As reported in <em>Huffington Post<\/em>,<\/p>\n<blockquote><p>But from the perspective of the [Elizabeth] Warren wing of the party, corporations pay far too little as it is, so making any plan revenue neutral is a loser. Before companies managed to start gaming the system, Warren noted, <strong>three out of every ten dollars of federal revenue came from corporate taxes, today it&#8217;s only one in ten.<\/strong><\/p><\/blockquote>\n<p>Then he dropped this chart that shows how the tax burden in this country has shifted from corporations to the working class. Social insurance and retirement includes the Payroll tax, and it has tripled since 1952. Meanwhile corporate taxes are a third of what they once were.<\/p>\n<p>Want to find out how that happened? Watch <em>The Young Turks <\/em>video below. In the video, host\u00a0Cenk Uygur is cheerleading Elizabeth Warren&#8217;s one-woman battle against corporate tax holidays. A clear, simple argument. However, side affects of watching this video include rage, hair pulling, compulsive blogging, and sharing the above chart on social media.<\/p>\n<p>I just wanted to pull that screenshot out, to make it easier to share on all the social things.<\/p>\n<h3>Elizabeth Warren: End Corporate Tax &#8220;Holidays&#8221; (<em>The Young Turks<\/em>)<\/h3>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/W6LorKzuUd4\" width=\"590\" height=\"332\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer; top: 20px; left: 20px;\">Save<\/span><\/p>\n<div class=\"ttr_end\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; Just wanted to drop in here and share this astounding chart from yesterday&#8217;s &#8220;Hour One&#8221; of The Young Turks show. They shared this while building an argument against the Washington establishment consensus that budget proposals should be revenue neutral. As reported in Huffington Post, But from the perspective of the [Elizabeth] Warren wing of &hellip; <a href=\"https:\/\/futureisfiction.com\/blog\/one-chart-shows-how-the-tax-burden-has-shifted-from-corporations-to-the-working-class\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">One Chart Shows How the Tax Burden has Shifted from Corporations to the Working Class<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":17057,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,27,13],"tags":[1028,1026,1029,860,1027],"series":[],"class_list":["post-17056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capitalism","category-class","category-economics","category-politics","tag-corporate-loopholes","tag-elizabeth-warren","tag-revenue-neutral","tag-taxes","tag-the-young-turks"],"_links":{"self":[{"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/posts\/17056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/comments?post=17056"}],"version-history":[{"count":17,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/posts\/17056\/revisions"}],"predecessor-version":[{"id":17504,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/posts\/17056\/revisions\/17504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/media\/17057"}],"wp:attachment":[{"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/media?parent=17056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/categories?post=17056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/tags?post=17056"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/futureisfiction.com\/blog\/wp-json\/wp\/v2\/series?post=17056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}