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The rich can write off taxes with the help of their accountants - the poor can't

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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 08:49 PM
Original message
The rich can write off taxes with the help of their accountants - the poor can't
the very rich of course have it all worked out. They write off taxes with the help of their expensive accountants. They funnel their wealth overseas to the Cayman Islands and other tax havens so Uncle Sam can't find it. Big corporations have this all worked out.

The poor don't have this luxury and are generally the ones that get caught.

So why should these corrupt, money laundering rich getting off with this?





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stray cat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 08:50 PM
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1. That's why we should support an overhaul of the tax structure that eliminates all deductions
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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 08:51 PM
Response to Reply #1
2. yes the tax system needs to be re-written
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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:08 PM
Response to Original message
3. I have argued this for years: no IRS audits for anyone making $100,000 or less
No audits because we trust them.
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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:13 PM
Response to Reply #3
4. there has been so much corruption going on
big businesses have been syphoning off money from the governemnt and the people. They don't pay much tax if any tax at all in the tax evading islands.
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