IRS Fails to Collect $1.2 Billion From Those Owing $1 Million Or More

[elehhhhna]

IRS Fails to Collect $1.2 Billion From Those Owing $1 Million
By Alison Sider

July 15 (Bloomberg) -- The Internal Revenue Service has failed to collect taxes from 18 percent of those who owe more than $1 million, according to a Treasury Department audit.

Because of computer glitches, 448 of the 2,454 individual taxpayers who owed $1 million or more as of December, 2007, were waiting to be processed or had been assigned a lower priority than other cases, the audit found. The 448 delinquent accounts totaled $1.2 billion, and almost half had been uncollected for more than a year.

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BEST BS PART:
It may be difficult or impossible to collect from many of the accounts, according to Michael Murphy, a former deputy IRS commissioner. “Those people who owe over a million, some might have gotten there through use of tax shelters and such, and they’re all broke,” lol yeah, right.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aNbvW7_OHFGw

[KansDem]

1. "Because of computer glitches..."

HORSESHIT!!!

That $1,200,000,000 should get the public plan going rather nicely. Then go after the rest for an estimated kitty of $6,600,000,000.

Then go after those 52,000 accounts in UBS Bank...

GET GOING!!!

And drive a goddamn stake through the heart of Reaganomics!

[crickets]

2. Woohoo! I'm all fired up now. And I agree with you COMPLETELY.

especially this part: drive a goddamn stake through the heart of Reaganomics! :thumbsup: