Here’s another big, fat, hairy lie being trotted out right now by President Obama, Congress, and the mass media: Offshore tax evasion costs the US Treasury more than $150 billion annually.
That’s today’s number. In 2001, it was $70 billion annually. By 2010, the number was $100 billion. According to a recently published Senate report, it’s now $150 billion.
That’s one hell of a jump. Either the rich are totally sticking it to “the man,” or someone has been massaging the numbers just a tad.
Let’s look at the history, shall we?
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