{"id":3718,"date":"2011-03-08T01:01:00","date_gmt":"2011-03-08T07:01:00","guid":{"rendered":"http:\/\/www.edgewiseblog.com\/mjh\/nada\/jail-the-tax-cheats\/"},"modified":"2011-03-08T01:01:00","modified_gmt":"2011-03-08T07:01:00","slug":"jail-the-tax-cheats","status":"publish","type":"post","link":"https:\/\/www.edgewiseblog.com\/mjh\/nada\/jail-the-tax-cheats\/","title":{"rendered":"Jail the Tax Cheats"},"content":{"rendered":"<p><a href=\"http:\/\/thinkprogress.org\/2011\/03\/07\/if-banks-paid-taxes\/\">ThinkProgress \u00bb If Banks Paid Their Full Taxes, We Could Rehire All 132,000 Teachers Laid Off During The Recession \u2014 Twice<\/a> <\/p>\n<blockquote><p>Six banks \u2013 Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley <strong>together paid income tax at an approximate rate of 11% of their pre-tax US earnings in 2009 and 2010.<\/strong> <strong>Had they paid at 35%<\/strong>, what they are legally mandated to pay, the federal government would have received an additional $13 billion in tax revenue. <strong><font style=\"background-color: #ffc000\">This would cover more than two years of salaries for the 132,000 teacher jobs lost since the economic crisis began in 2008.<\/font><\/strong><\/p><\/blockquote>\n<p><a href=\"http:\/\/thinkprogress.org\/2011\/03\/07\/if-banks-paid-taxes\/\">ThinkProgress \u00bb If Banks Paid Their Full Taxes, We Could Rehire All 132,000 Teachers Laid Off During The Recession \u2014 Twice<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ThinkProgress \u00bb If Banks Paid Their Full Taxes, We Could Rehire All 132,000 Teachers Laid Off During The Recession \u2014 Twice Six banks \u2013 Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, Goldman Sachs, and Morgan Stanley together paid income tax at an approximate rate of 11% of their pre-tax US earnings in 2009 and &hellip; <a href=\"https:\/\/www.edgewiseblog.com\/mjh\/nada\/jail-the-tax-cheats\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Jail the Tax Cheats<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3718","post","type-post","status-publish","format-standard","hentry","category-nada"],"_links":{"self":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/3718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/comments?post=3718"}],"version-history":[{"count":0,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/posts\/3718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/media?parent=3718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/categories?post=3718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edgewiseblog.com\/mjh\/wp-json\/wp\/v2\/tags?post=3718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}