Monday, April 15, 2013

2013 TAX INFORMATION: How and Where Federal and Political Dollars are Spent - By the Numbers


Proposed 2014 military budget by the Obama administration: $640 billion (1)

Number of US military bases and installations world-wide: over 1000
Number of US military bases in Germany alone: 268
In Japan: 124
In Iraq: 100 (2)

Cost of the F-35 airplane program (the most expensive weapons program in U.S. history):  $1.5 trillion
Cost of providing every unemployed person in the U.S. a $50,000 job for the next 4 years: $1.5 trillion
Total cost of 1 F-35 plane: $610 million
Total cost of providing 8,000 university scholarships, 1,300 elementary school teachers, 1,100 police jobs, 14,000 Head Start slots, 18,000 Pell Grants, and 12,000 health care slots for veterans: $610 million (3)

Political campaign contributions from military corporations and employees of military corporations in 2010 and 2012 election cycles:  $51 million (4)

Proposed cuts to Social Security by Obama administration: $130 billion (5)
Proposed cuts to Medicare by Obama administration over the next 10 years: nearly $400 billion (6)

Amount of taxes corporations are not paying yearly because of loopholes in the US tax code: $90 billion
Amount the average US tax filer would need to pay to make up for this lost revenue: $615 (7)

Amount US big banks receive annually in US government subsidies (bailouts, guaranteed loans, deposit insurance, paid interest): very conservative estimate of $220 billion (8)

Political campaign contributions from U.S. banking, insurance and real estate sector in 2010 and 2012 election cycles: $979 million (9)

Amount of taxes unavailable following Fiscal Cliff decision to make 82% of Bush tax cuts (mostly to the very rich) permanent: $2.77 trillion (10)

2010 political donations and % of all donations by the top 1% of the richest 1%: $774 million / 24 (11)

Call the President (202-456-1111), Ohio Senators Sherrod Brown and Rob Portman and your Congressman. (US Capitol Switchboard (202) 224-3121). Tell them your tax and spending priorities. The only way to counter organized money (campaign contributions/investments from the very rich and corporations) is organized people.
Join Move to Amend (www.movetoamend.org) -- a national coalition working for a constitutional amendment to declare that corporations are not people (and therefore can be regulated) and money is not speech (and therefore can be regulated).

More information/get active: Northeast Ohio American Friends Service Committee
330-928-2301 or http://afsc.org/akron

SOURCES
(1) http://www.cato.org/blog/obamas-2014-military-spending-request
(2)http://www.ccun.org/Opinion%20Editorials/2010/July/27%20o/1,000%20US%20Military%20Bases%20Around%20the%20World%20The%20Arrogance%20of%20American%20Power%20%20By%20Paul%20J.htm
(3) http://afsc.org/resource/stop-f-35
(4) http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=D
(5) http://www.theatlantic.com/business/archive/2013/04/reality-check-obama-cuts-social-security-and-medicare-by-much-more-than-the-gop/274919/
(6) http://www.medpagetoday.com/Washington-Watch/Washington-Watch/38433
(7) http://www.uspirg.org/reports/usp/picking-tab-2013
(8) http://www.washingtonsblog.com/2013/03/top-banking-analyst-subsidies-to-giant-banks-exceed-780-billion-year.html
(9) http://www.opensecrets.org/industries/totals.php?cycle=2012&ind=F
(10) http://www.cbpp.org/cms/?fa=view&id=3880
(11) http://sunlightfoundation.com/blog/2011/12/13/the-political-one-percent-of-the-one-percent/

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