Posted on 05/28/2013 3:40:41 AM PDT by 2ndDivisionVet
Is this an attack on a Native American tribe’s “sovereignty?”
The Internal Revenue Service, under attack in Washington for alleged political favoritism during the past couple of years, has assessed the Miccosukee Indians of Florida with a $170 million tax bill for failing to report and withhold taxes from its distribution of gambling profits to tribal members.
The Miccosukee Indians operate a successful casino in the west Miami-Dade County of Florida. They use casino profits to distribute funds to tribal members.
The IRS has ruled those funds are really income to recipients and the tribal leadership should be taking out federal withholding taxes on that money. The tribe disagrees and that forms the basis for the dispute.
“The Miccosukee people will continue to pay all applicable lawful taxes, as they always have, and we will continue our efforts to find a fair and workable solution to this dispute,” Miccosukee Chairman Colley Billie wrote in a statement to the Miami Herald newspaper.
Under federal law, the Miccosukee Tribe is considered a sovereign nation, meaning the entity itself is not subject to taxes. But what about the tribal members?(continued)
(Excerpt) Read more at gamingtoday.com ...
Wow.
I doubt that Indian reservations fit into Obumbo’s Marxist ideology and plan for the USSA.
They’re getting desperate, they know they’ve bankrupted the country so now they are looking for any pot of money they can steal.Just look at how they have treated Apple. It doesn’t matter if you personally like Apple or not what they’ve done with LEGAL tax avoidance is remarkable. What’s pissed off Washington is that they NEED that money and couldn’t find a way to siphon it.
The same here with the Indians and their tribe and Casino profits.
That tribe probably voted Republican. Either that, or they kept a union out of their casino.
I think the tribe refused to fund any Democratic candidates or the state party apparatus. That drew the IRS response.
I’ll bet one can still find tribal members who think, in the interests of “fair ess”, capital gains should be taxed at higher rates.
Oh boy...they REALLY want those kick backs.
Withholding only applies to earned income.
So unless All of the tribe members are employed by the casino withholding would not apply.
The distribution to tribe members would be most analogous to dividends which are reported to the IRS but it is up to the individual recipient to pay the taxes on the disbursement.
It seems as if someone has it in for the Indian casinos and knows that attacking the tribal members first would be a political hot potato and second would not serve their real purpose which is to eliminate the tribes’ casinos.
The thing here is how long have they been paying out this money and what is it that brought down the wrath of the IRS.
Why all of a sudden does the IRS decide it’s time they paid taxes on this money.
Why haven’t they been collecting all along?
Who came up with this brilliant idea?
-PJ
I posted an article here about how a great many Miccosukee spend most of their gambling distribution on drugs and other illegal activities.
What I don't like is only large international companies can afford to use such tax avoidance. If you're domestic, medium to small size, you pay full freight.
Newsmax
Top Democrats Balk on Special Prosecutor for IRS Scandal
Monday, May 27, 2013 09:58 AM
By: Audrey Hudson
Key Democrats are rejecting calls for a special prosecutor to investigate the IRS scandal that has dogged the Obama White House, insisting that two weeks of unfolding details, congressional hearings and forced resignations have not allowed them enough time to study the issue.
Senate Finance Chairman Max Baucus, the Montana Democrat whose committee held one of the hearings, told The Hill there is not enough evidence to warrant a special prosecutor.
Such an appointment could make the probe metastasize into something unwieldy, argued Rep. Richard Neal, a Massachusetts Democrat who sits on the powerful House Ways and Means Committee.
Democrat Rep. Joe Crowley of New York, a member of the House leadership, said lawmakers should first exhaust Congress’s investigative power before calling for a special prosecutor.
What I don’t like is only large international companies can afford to use such tax avoidance. If you’re domestic, medium to small size, you pay full freight.
I agree with you, that’s why I support the flat-tax or the National Sales-tax w/the repeal of the current Tax system.
Far more likely that the Indians got uppity and were caught giving some money to Republicans.
“Democrat Rep. Joe Crowley of New York, a member of the House leadership, said lawmakers should first exhaust Congress’s investigative power before calling for a special prosecutor.”
I think Issa’s last round with Lois Lerner achieved that level of exhaustion.
Yes, I was tempted to have Captain Obvious step in when I read that the Dims did not want a special pros.
BUMP!
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