Mitch McTurtlefuck recently chastised Corporate America for butting into politics, which we all know is a joke. But it highlights the insidious nature of the relationship between American companies and the U.S. government. One of the biggest grifts of our time isn’t just the rapid rise of the billionaire class in this country, it’s the mechanisms that allow corporations to hide trillions of dollars from taxation. This week’s UNFTR delves into the movement to lower corporate tax rates that started in the late 70’s and explains how the tax evasion shell game really works. It’s the first of a two-part series on financial fuckery, much of which was devised by old you-know-who. #FMF

Pod Love

Timesuck with Dan Cummins - Blackwater and the US Private Military Industry

Resources

HBR: Why Are Companies Sitting on So Much Cash? hbr.org/2020/01/why-are-companies-sitting-on-so-much-cash

The Atlantic: When the Top U.S. Tax Rate was 70 Percent—or Higher theatlantic.com/notes/2019/01/tax-rates-davos/581257

Bloomberg Tax: 10 Steps States Should Take to End Corporate Giveaways news.bloombergtax.com/daily-tax-report/insight-10-steps-states-should-take-to-end-corporate-giveaways

Politico: Actually, it was Democrats who killed the 70 percent tax politico.com/agenda/story/2019/02/05/democrats-70-percent-tax-rate-000879

Foreign Policy: To Pay for the Pandemic, Dry Out the Tax Havens foreignpolicy.com/2020/07/16/tax-havens-apple-costs-pandemic

Tax Policy Center: What is the TCJA repatriation tax and how does it work taxpolicycenter.org/briefing-book/what-tcja-repatriation-tax-and-how-does-it-work

Tax Justice Network: Financial Secrecy Index - 2020 Results fsi.taxjustice.net/en/introduction/fsi-results

OCCRP: Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption occrp.org/en/panamapapers/overview/reforming-secret-world

Tax Foundation: How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis taxfoundation.org/70-tax-proposal

FRED: Unemployment Rate fred.stlouisfed.org/series/UNRATE

Trading Economics: Corporate Tax Rate in the United States remained unchanged at 21 percent in 2021 from 21 percent in 2020 tradingeconomics.com/united-states/corporate-tax-rate

BLS: Inheritances and the Distribution of Wealth, Or Whatever Happened to the Great Inheritance Boom? bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf

Tax Foundation: Corporate Tax Rates around the World, 2020 taxfoundation.org/publications/corporate-tax-rates-around-the-world

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Access the UNFTR Musicless feed by adding this direct RSS link into your podcast app. Full instructions here.

Unf*cking the Republic is produced and engineered by Manny Faces Media, Original music by Tom McGovern. The show is written and hosted by Silence Dogood and distributed by Nikola Tesla’s energy field.

Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, ‘Unf*cking the Republic.’ 

Mitch McTurtlefuck recently chastised Corporate America for butting into politics, which we all know is a joke. But it highlights the insidious nature of the relationship between American companies and the U.S. government. One of the biggest grifts of our time isn’t just the rapid rise of the billionaire class in this country, it’s the mechanisms that allow corporations to hide trillions of dollars from taxation. This week’s UNFTR delves into the movement to lower corporate tax rates that started in the late 70’s and explains how the tax evasion shell game really works. It’s the first of a two-part series on financial fuckery, much of which was devised by old you-know-who. #FMF
Pod Love
Timesuck with Dan Cummins - <a href="https://podcasts.apple.com/us/podcast/timesuck-with-dan-cummins/id1156343076?i=1000511166712">Blackwater and the US Private Military Industry</a>
Resources
HBR: Why Are Companies Sitting on So Much Cash? <a href="https://hbr.org/2020/01/why-are-companies-sitting-on-so-much-cash">hbr.org/2020/01/why-are-companies-sitting-on-so-much-cash</a>
The Atlantic: When the Top U.S. Tax Rate was 70 Percent—or Higher <a href="https://www.theatlantic.com/notes/2019/01/tax-rates-davos/581257/">theatlantic.com/notes/2019/01/tax-rates-davos/581257</a>
Bloomberg Tax: 10 Steps States Should Take to End Corporate Giveaways <a href="https://news.bloombergtax.com/daily-tax-report/insight-10-steps-states-should-take-to-end-corporate-giveaways">news.bloombergtax.com/daily-tax-report/insight-10-steps-states-should-take-to-end-corporate-giveaways</a>
Politico: Actually, it was Democrats who killed the 70 percent tax <a href="https://www.politico.com/agenda/story/2019/02/05/democrats-70-percent-tax-rate-000879/">politico.com/agenda/story/2019/02/05/democrats-70-percent-tax-rate-000879</a>
Foreign Policy: To Pay for the Pandemic, Dry Out the Tax Havens <a href="https://foreignpolicy.com/2020/07/16/tax-havens-apple-costs-pandemic/">foreignpolicy.com/2020/07/16/tax-havens-apple-costs-pandemic</a>
Tax Policy Center: What is the TCJA repatriation tax and how does it work <a href="https://www.taxpolicycenter.org/briefing-book/what-tcja-repatriation-tax-and-how-does-it-work">taxpolicycenter.org/briefing-book/what-tcja-repatriation-tax-and-how-does-it-work</a>
Tax Justice Network: Financial Secrecy Index - 2020 Results <a href="https://fsi.taxjustice.net/en/introduction/fsi-results">fsi.taxjustice.net/en/introduction/fsi-results</a>
OCCRP: Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption <a href="https://www.occrp.org/en/panamapapers/overview/reforming-secret-world/">occrp.org/en/panamapapers/overview/reforming-secret-world</a>
Tax Foundation: How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis <a href="https://taxfoundation.org/70-tax-proposal/">taxfoundation.org/70-tax-proposal</a>
FRED: Unemployment Rate <a href="https://fred.stlouisfed.org/series/UNRATE">fred.stlouisfed.org/series/UNRATE</a>
Trading Economics: Corporate Tax Rate in the United States remained unchanged at 21 percent in 2021 from 21 percent in 2020 <a href="https://tradingeconomics.com/united-states/corporate-tax-rate">tradingeconomics.com/united-states/corporate-tax-rate</a>
BLS: Inheritances and the Distribution of Wealth, Or Whatever Happened to the Great Inheritance Boom? <a href="https://www.bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf">bls.gov/osmr/research-papers/2011/pdf/ec110030.pdf</a>
Tax Foundation: Corporate Tax Rates around the World, 2020 <a href="https://taxfoundation.org/publications/corporate-tax-rates-around-the-world/">taxfoundation.org/publications/corporate-tax-rates-around-the-world</a>
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://twitter.com/unftrpod">Twitter</a> and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>.
Buy yourself some Unf*cking Coffee at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Subscribe to Unf*cking The Republic on Substack at <a href="https://unftr.substack.com/">unftr.substack.com</a> to get the essays these episode are framed around sent to your inbox every week.
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list.
Access the UNFTR Musicless feed by adding <a href="https://www.omnycontent.com/d/playlist/ed1c4567-4a2a-4d8b-862f-ab600003d530/e8f9d9b7-b747-4bb4-bc50-ac4f010d726b/7284a3af-86c1-4f6d-95e8-acf60013d632/podcast.rss">this direct RSS link</a> into your podcast app. <a href="https://help.wondery.com/en/articles/3359918-how-to-manually-add-an-rss-feed-to-popular-podcast-apps">Full instructions here</a>.
Unf*cking the Republic is produced and engineered by <a href="https://www.mannyfacesmedia.com/">Manny Faces Media</a>, Original music by <a href="http://www.tommcgovern.com/">Tom McGovern</a>. The show is written and hosted by Silence Dogood and distributed by Nikola Tesla’s energy field.
Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, ‘Unf*cking the Republic.’

Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.

Unf*cking The Republic&reg; (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.