> Why do well compensated people do this? <
I don’t know how honest this guy is. But there are something like 100,000 federal laws and regulations. You or I might have broken a few this week without even knowing it.
It’s also worth mentioning that the tax laws are so convoluted that ask five tax advisers for a tax opinion, and you’re likely to get five different answers.
It is just nitpicking.
He joins the company, and the company allows him use of a company car, even to take it home.
A tax-nazi says: HOLD ON! that is the same as if he was renting a car from the company, which at Hertz rates is $300 a day, so its the same as $9,000 a month or $108,000 a year!!! and he did not report it as income!!
Oh the horror! the corruption!
Come on, who in their right mind would do that (calculate the equivalent pay due to allowing him use of a car), but, as the laws are written it is a trap anyone could fall into.
This is just a personal attack using (armed) IRS agents.
Sad.
That’s right, and to make matters worse, bureaucrats purposely design regulations to be blurry - so that they can use them as a way of playing favorites.
That way, they have the flexibility of enforcing them selectively on their political adversaries.
If you printed them all out on paper, how many tons would that weigh?