can't sneek anything past the IRS......
Godfather.
Posts: 12,504
Godfather.
Posts: 12,504
Godfather.
Posts: 12,504
Comments
www.seanbrady.net
Godfather.
Federal prosecutors said Snipes for nearly a decade escaped paying more than $15 million in income tax returns by sending money to overseas accounts,
and yet....
http://www.nytimes.com/2008/08/13/busin ... .html?_r=3
Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress.
and
http://thinkprogress.org/2010/04/06/exxon-tax/
Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.” Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS:
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
Mother Jones’ Adam Weinstein notes that, despite benefiting from corporate welfare in the U.S., Exxon complains about paying high taxes, claiming that it threatens energy innovation research. Pat Garofalo at the Wonk Room notes that big corporations’ tax shelter practices similar to Exxon’s shift a $100 billion annual tax burden onto U.S. taxpayers. In fact, in 2008, the Government Accountability Office found that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005.”
Halliburton also does not pay any US taxes as they are based in the Cayman Islands....
what are you but my reflection? who am i to judge or strike you down?
"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama
when you told me 'if you can't beat 'em, join 'em'
i was thinkin 'death before dishonor'
Theft By Deception - Deciphering The Federal Income Tax
Money Masters 2: The Secrets of Oz
Louisiana Laywer Defends Himself Against Government "Failure To File" Charges, Convinces Jury He Did No Wrong By Making Clever Use of Himself on Stand to Present The Law As The Courts Have Ruled It, Showing He Truly Believed He Had No Obligation To File: HE WON
[FYI: Like Snipes, The Government HAD Pressed "Felony Tax Evasion" Charges Against Cryer, But DROPPED Those Charges, Knowing Full Well That If They Ever Lost Such A Suit (And, Given Cryer's Depth of Knowledge, A Loss Seemed Apparently Likely To The IRS), Their Veil Would Be Forever Pierced, And Dangerous Precedent Set]
Tom Cryer "Failure To File" Trial Transcripts, Well Worth Reading For a Straightforward, and Solid Understanding of what VALID "tax evasion" arguments are:
Volume 1
Volume 2
Volume 3
Volume 4
If I opened it now would you not understand?
I'm not sure how true this is but why is it our government dose little or nothing to govern the IRS and it's polices ?
If you have ever been in the cross hairs of the IRS you know that the burden of proof in on you and the IRS can literally ruin a life, people have committed suicide or lost everything they have ever worked for because the IRS made a mistake or just said "our records indicate" and now you must prove us wrong or pay…
I am all for paying my FAIR share of taxes and Mr. Snipes made a huge mistake not paying his taxes but in my opinion the IRS is way out of control with the power our government gives them.
Godfather.
i think you are thinking of the federal reserve, the irs is bureau of the department of the treasury and yeah, they have way too much power. many years ago they went after my uncle who owned a trucking company claiming he owed so much in taxes....he had the proof that he didn't owe what they said but their response was if he wants they can drag it out in court which will cost him a lot more defending himself than they are asking him to pay.
what are you but my reflection? who am i to judge or strike you down?
"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." - Barack Obama
when you told me 'if you can't beat 'em, join 'em'
i was thinkin 'death before dishonor'