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These tax dodges are corporate shenanigans, and to me it’s no different than tax evasion.
by rdlecler1 7y ago
These tax dodges are corporate shenanigans, and to me it’s no different than tax evasion.
- bilekas 7y agoBut if you as a citizen owe 1000USD, you'll be pursued more. Its completely messed up, but that's the current rules of the system. Without going into politics, they play by the stretched rules.
- ngngngng 7y agoIt's because of the golden rule. He who has the gold, makes the rules.
- suifbwish 7y agoYou are wrong. He who has the guns and the men to use them makes the rules. Gold can be seized, guns must be fought for
- mlrtime 7y agohistorically gold buys guns (armies)
- paganel 7y ago> He who has the guns and the men to use them makes the rules. The good old monopoly of violence. Too bad Max Weber is not in the public discussion as much as he should be, he “guessed” a lot of things too damned right in his “Economy and Society”, imho it is the defining book of our modern society, with Marx’s “Capital” a close second.
- gruez 7y ago>But if you as a citizen owe 1000USD, you'll be pursued more. Is the IRS really auditing people over $1000 in taxes (under $4000 of revenue/income)?
- cheez 7y agoMy experience with tax collectors is that they pursue those owing between 10K-500K intensely. Once it gets into 7-8 figures, you can VERY easily pay proportionately less than the poor suckers caught in the 10-500K net.
- amylene 7y agoJust curious, how have you come by this experience? Does the irs release full audit rates?
- cheez 7y agoBeen in both situations and did a lot of research on what was possible negotiating. There is public information out there which they try to suppress (imagine if the public knew that the guy who owed 10 mill, got away paying 5 mill after years of not paying anything even after the IRS marked them).
- burkaman 7y agohttps://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor https://www.propublica.org/article/irs-sorry-but-its-just-ea... > On the one hand, the IRS said, auditing poor taxpayers is a lot easier: The agency uses relatively low-level employees to audit returns for low-income taxpayers who claim the earned income tax credit. The audits — of which there were about 380,000 last year, accounting for 39% of the total the IRS conducted — are done by mail and don’t take too much staff time, either. They are “the most efficient use of available IRS examination resources,” Rettig’s report says. https://www.propublica.org/article/earned-income-tax-credit-irs-audit-working-poor https://www.propublica.org/article/earned-income-tax-credit-... > Since Smick, who is taking classes toward a bachelor’s degree, and her husband, a chef, together earned around $33,000 in 2017, about $2,000 of that refund would come from the earned income tax credit. [...] But no refund came. Instead, she got a letter from the IRS saying it was “conducting a thorough review” of her return. https://www.propublica.org/article/whos-afraid-of-the-irs-not-facebook https://www.propublica.org/article/whos-afraid-of-the-irs-no... > the same year that Facebook started moving profits to Ireland, the IRS launched a team to crack down on deals like that. The effort started aggressively. [...] But shortly after the IRS showed this new ambition, Republicans in Congress, after taking the House in 2010, began forcing cuts to the IRS’ budget. Over the years, as Facebook grew into one of the world’s largest companies, with 2 billion users, the IRS was shrinking. By the time the IRS finally took on Facebook over its Irish deal a few years later, the agency was in over its head.
- dcolkitt 7y agoThe chance of an ordinary middle class person being audited by the IRS is extremely low. The enforcement division is severely understaffed, and pretty much only works on computers pattern matching clearly egregious returns. A large proportion of the US population commits some sort of low level tax evasion- unreported income, deductions that never happened, personal expenses as business deductions, claiming dependents, etc. The vast majority will never see any enforcement whatsoever. By contrast the returns of a major corporation like Facebook are held up to an extreme degree of scrutiny.
- wpietri 7y agoI would love to see a citation for this: "A large proportion of the US population commits some sort of low level tax evasion".
- mythrwy 7y agoI read somewhere it's actually the opposite. That there is a net overpayment of taxes due to people not claiming deductions, not collecting refunds due etc. etc. (not sure how true this is, simply something I read).
- javagram 7y agoTax avoidance is legal, tax evasion is illegal. There’s a big difference. If the IRS wins their suit then it will be shown to be no different than tax evasion in this case though :-)
- sealthedeal 7y agoTax avoidance is your civil duty, tax evasion is illegal
- vernie 7y agohttps://emojipedia.org/woozy-face/ https://emojipedia.org/woozy-face/