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video Johnston's Tax Cut

Americans stuck in low-wage jobs
Americans stuck in low-wage jobs - 01:19
GOP paints itself into a corner
GOP paints itself into a corner - 02:14
How the six central banks put you at risk to ease Europe's debt
How the six central banks put you at risk to ease Europe's debt - 01:34
New York State court overturns ban on state gifts to corporations
New York State court overturns ban on state gifts to corporations - 01:31
Another financial meltdown looms
Another financial meltdown looms - 01:11
Your tax dollars at work, for corporations?
Your tax dollars at work, for corporations? - 01:32
Utility companies profiting at your expense
Utility companies profiting at your expense - 01:23
Should married men weigh in on pay inequality?
Should married men weigh in on pay inequality? - 01:49
Redefining America's tax system
Redefining America's tax system - 01:50
U.S. median wage lowest since 1999
U.S. median wage lowest since 1999 - 02:47
Politicians' tax reforms don't add up
Politicians' tax reforms don't add up - 01:15

Tax Cheats Are Cheating You

Wednesday, December 14, 2011 - 01:04

The U.S. government is letting fraud artists slip through its ''meticulous'' fingers. David Cay Johnston breaks down the impact massive tax evasion is having on the economy and the American household.

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All around the world economies are really in the tank but there is one business that is growing like gangbusters. White collar financial crimes. It turns out that tax invasion worldwide is about 5%. Of the total global -- About three trillion dollars plus that people are not paying taxes Leo and 11% -- is right here in the United States of America. Why twelve congress keeps restraining the budget of the Internal Revenue Service. Which has far fewer auto workers and tax collectors than it did twenty years ago. And it's been very slow getting technology to catch tax -- Now why should you care that people are cheating on their taxes well it means you have to pay more in taxes figure 5% more. On top -- that it means the services the government asked to provide to make modern economies work our constraint. That's because we don't have enough money and tax cheats are big reasons.

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Tax Cheats Are Cheating You

Wednesday, December 14, 2011 - 01:04

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