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Posted on 04/26/2013 5:17:50 PM PDT by Olog-hai
The Internal Revenue Service has recouped more than $5.5 billion under a series of programs that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, government investigators said Friday.
In all, more than 39,000 tax cheats have come clean under the programs.
But there’s more.
Government investigators suspect that thousands of other taxpayers have quietly started reporting foreign accounts without paying any penalties or interest. The number of people reporting foreign accounts to the IRS nearly doubled from 2007 to 2010, to 516,000 accounts, a report by the Government Accountability Office said.
The sharp increase suggests that some people are simply starting to report their accounts without taking part in the disclosure programs, the report said. …
(Excerpt) Read more at hosted.ap.org ...
Mexico is doing the very same thing - no? (Or are they a sovereign country?)
What a freaking idiot I have been for all these years. I pay my taxes, cash on the barrel.
*DUMB* *DUMB* *DUMB* *DUMB* *DUMB*
Next year, I stiff the Man and hang back until I get amnesty.
did they say what percentage of the 39,000 tax cheats are government employees?
Excuse me if I say B.S. to this article. It ranks right up there with statements from a politician that they “gave” all illegal contributions to a local charity - only after they were discovered.
Where’s the proof?
yeah, you are probably right.
Most of these are people that live and work outside the US. The are not really tax cheats at all. Most of them are missionaries or school teachers who didn’t know that you had to file US tax returns even if you don’t live in the country and have no property or income in the US.
As such the article is a near complete lie.
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