“Most Americans are not aware how much of their tax revenue our government sends to Israel. For the fiscal year ending in September 30, 1997, the U.S. has given Israel $6.72 billion: $6.194 billion falls under Israels foreign aid allotment and $526 million comes from agencies such as the Department of Commerce, the U.S. Information Agency and the Pentagon. The $6.72 billion figure does not include loan guarantees and annual compound interest totalling $3.122 billion the U.S. pays on money borrowed to give to Israel. It does not include the cost to U.S. taxpayers of IRS tax exemptions that donors can claim when they donate money to Israeli charities. (Donors claim approximately $1 billion in Federal tax deductions annually. This ultimately costs other U.S. tax payers $280 million to $390 million.)” U.S. Aid to Israel: What U.S. Taxpayer Should Know by Tom Malthaner wrmea.org/congress-and-us-aid-to-israel/494-congress-a-us-aid-to-israel/9748-u-s-financial-aid-to-israel-figures-facts-and-impact.html#Taxpayer
Posted on: Wed, 13 Aug 2014 00:11:59 +0000
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