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Letter to the Editor: Tax system, Panama Papers worth a look
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From LaVern F. Isely

Monroe

To the editor:

An investigative reporter, T. R. Reid, who worked for the Washington Post, wrote an interesting new book "A FINE MESS: A Global Quest for a Simpler, Fairer, and More Efficient Tax System." This details just exactly how the billionaires evade paying their federal income taxes. Billionaires worldwide have the same goals - to become the wealthiest billionaire in the world without paying any income tax. They use offshore tax havens to hide their huge profits and just can't help themselves from bragging because they always talk about their growing wealth in the yearly Forbes 400 issue. The top billionaires are up to approximately $75 billion and still want more.

There was a John Doe that contacted a German reporter. In Chapter 10 of this book titled "The Panama Papers: Sunny Places for Shady Money," John Doe released the information from the Mossack Fonseca law firm in Panama to the German reporter, who found that the information was accurate and the story so big that he worked with 80 countries and they all released the story on the same day.

This is an excerpt from the book on page 198: "A Washington, D.C., organization called the International Consortium of Investigative Journalists put together an ad hoc team of some 400 reporters and editors from 100 media outlets in 80 countries; the group included the BBC and the Guardian newspaper in Britain, the French daily Le Monde, and the McClatchy chain in the United States, the owners of newspapers like the Charlotte Observer, the Kansas City Star, and the Miami Herald." "Consequently, when the Panama Papers were finally made public, in the first week of April 2016, the story was a bombshell around the world."

You can look the Panama Papers up on your own computer and come up with the same information. It would be nice if we could get our elected legislators to come to a public town hall meeting where one can ask questions and get answers. One of the biggest issues we're having here in the state among Republicans is how we're going to fund the roads that are deteriorating faster than the money comes in to pay for them.

Hopefully, we find out some answers next year when Governor Scott Walker has to run for reelection. The Democrats are going to have a number of candidates. I hope they have some good answers to big problems.