The estimated size of political corruption uncovered.
$3 billion minimum (est.), hidden(a) tax credits and tax refunds; for 15 of Oklahoma's 63 tax credit and three tax refund types.
Plus $2 billion stolen from Federal Stimulus tax revenue and Oklahoma's Rainy Day Fund to cover-up. View
Ongoing digging by ordinary citizens have uncovered, some $5 Billion tax revenue (mostly) Oklahoman's was stolen:
- involved only twelve* of Oklahoma's 63 different tax credit types and three tax refunds.
- three tax refund types.
- and one four-year, 2006-2009.
* Depending on one's view the serious money involves twelve, with smaller amounts in about eight other tax credits and three tax refunds.
(a) Hidden: undocumented, no records, and unreported until after 2009 cover-up, and then misreported. Multiple uses of the same counterfeit tax credits making it impossible to know.
Re: The investment side is essentially one investor for each tax credit user, except for the five tax credit types structured for shared private investment funds. Here are numbers uncovered for five tax credit types structured for shared private investment funds.
500 investment claims totaling $2.5 billion with $625 million tax credits by 25 funds claiming 125 investors for the five tax credit types (19) structured for shared investment funds.
Note: Four of these five tax credit types (19) fell under the Capital Formation Incentive Act and were involved in swapping for gross production tax refunds. The fifth type Venture Capital 68 2357.7, is used to avoid/evade paying insurance premium taxes. Yet to be uncovered tax credits used to avoid/evade paying bank privilege taxes.
|Largest tax credit users.||View|
|Largest tax credit investors.||View|
|Tax credit types.||View|
|2009 Gross Production tax refund payoff||View|
|A link to Oklahoma's falsely reported tax credits can be found at corrupted OpenBooks or Datagov ||View|
|For a complete list of Oklahoma's falsely reported tax credits can be found at corrupted OpenBooks or Datagov found here||View|
|15 or 63 tax credits missing or misreported||View|