[calcowgirl]

Report from the Legislative Analysts Office (HTML):

Abusive Tax Shelters: Impact of Recent California Legislation, January 27, 2006

[kenth]

That's a shame. All those greedy people stealing the government's money.

[KarlInOhio]

My grandfather got involved with this stuff. He lost more to the crooked lawyers and accountants involved than he would have ever had to pay in taxes. Be very careful if you get involved in any of this.

[jackbenimble]

The downside is that a long-term war on the complex, secretive tax strategies — marketed in the thousands by firms and baffling to tax auditors — could hurt business growth in California, which runs counter to the wishes of Gov. Arnold Schwarzenegger's administration.

This is the same argument that gets used to justify tolerance of employing illegal immigrants. I guess if you are making enough money, obeying the law ceases to matter.

[Fudd]

Why are the rats surprised? When you drive taxes up, you simply increase the incentive to find, uh, *creative* means to pay less.

[DumpsterDiver]

"We cannot ask California taxpayers to endure deeper budget cuts or to pay more for government services when so many wealthy tax cheats are not paying their fair share of taxes needed to subsidize cheap labor,"

[tubebender]

could hurt business growth in California, which runs counter to the wishes of Gov. Arnold Schwarzenegger's administration. own TAX SHELTERS...

[festus]

Abusive Taxes Create Need for Tax Shelters

Keeping your own money aint stealing unless the robber is the gubbermint.