Unpaid Taxes Tough to Recover
Congress Struggles For Way to Fill Gap

By Lori Montgomery
Washington Post Staff Writer
Monday, April 16, 2007; Page A01

Judging from his tax returns, Dinh Kim Huynh wasn't getting rich in the manicure business. In 2000, Huynh and his wife claimed taxable income of just $7,578 from their two nail salons in Southern Maryland -- so little that they qualified for a tax credit for the working poor. Their tax bill was $195.

But like millions of American business owners who trade primarily in cash, Huynh was not altogether honest with the Internal Revenue Service. When IRS agents poked around, they discovered four cars in Huynh's name, including a $77,000 Mercedes; receipts for diamonds and Rolexes in a closet at his Waldorf home; and a videotape of Huynh flashing a five-carat ring during the purchase of yet another vehicle at a local Honda dealership, court records show.

Huynh, 57, appears to be an especially bold contributor to the tax gap, the difference between what Americans owe the federal government and what they actually pay. By the most recent estimate, the tax gap is $345 billion. Unreported business income accounts for nearly a third of that amount. According to IRS data, U.S. shopkeepers, mechanics, farmers and landlords will pay less than half the taxes they owe on the returns that must be filed by midnight Tuesday.
http://www.washingtonpost.com/wp-dyn...l?hpid=topnews

Judging from this it seems that the business of business is to screw the rest if us. Businesses need to pay in all the taxes they owe just like the rest of us and I say if that means a few more forms or MORE audits then go to it. It is not fair that the individual (average not the rich elites of course!) is required to pay in all his or her taxes but businesses do not...in fact, it seems that for the republicans payment of taxes by businesses is not only somehting they do not support but something they have taken an active roll to stop through their active and tacit support of offshoring and legal tax havens while still allowing big business to get fat off of corporate welfare.....enough is enough.

While I agree with the basic premise of cracking down on barter trading, I can't help thinking that this is just another Commucratic "Let's all hate the rich" piece. Where are the facts behind this "millions of American business owners?" What percentage of these barterers stand up against the tens of millions of honest business owners? What's the percentage in DOLLARS? Surely a more reputable company that pays hundreds of thousands of dollars in taxes cannot be compared to this guy who owes just tens of thousands.

And actually...the reason corporations are moving overseas is because they're already being bled dry in taxation by the Government.

Furthermore, if the Imperial Government would actually implement H.R.25 (the Fair Tax) this guy couldn't skate off without paying his share of taxes with all the luxury items he bought.

Then again...it's not about the little guy...it's about sticking it to the big guy that matters.

Its about sticking it to all taxpaying entities equally. As to taxes being the main reason that companies are going overseas thats a load of crap!


Report on Tax cheating frotune 500
http://www.ctj.org/html/corp0205.htm

Sept. 22—Nearly one-third of the nation’s largest and most profitable corporations paid no federal income tax between 2001 and 2003—yet still received billions of dollars in tax rebates, according to a new study.
http://www.aflcio.org/corporatewatch/ns09222004.cfm

Nope they are leaving because they can get slave labor and still sell their products here at a premium. THis is why NAFTA needs to be abolished and new agreeement drawn up that makes the importation of items made by wage slaves cannot be sold in the US and thats just to begin with....there are numerous other issues like the environement and poverty that such agreements could be used to alleviate and with it the need for northern immigration from latin america.

Bled dry? Bled Dry?!?

Corporations in the US are posting record profits, how is it that they are being bled dry? I would believe that they were being bled dry if oil, electronics, and car manufacturers weren't posting the highest profits in history.

But, I guess maybe the CEO's aren't making enough money. I mean the taxation is keeping them at only 100 million a year instead of 1 billion. Yeah, they're being taxed too much, let's let their taxes go so the execs can all start their own space programs.

You don't?


The income tax is too high anyway.

__________________
WARNING: In the unlikely event of an accidental agreement with any or all points made in the above post, contact a clinical psychologist immediately.

The views expressed in the above post are not necessarily those of Joker and/or any of his affiliates.

"You have found the secret message. Do you have too much time on your hands? ...Let it go."

And many of the businesses that don't pay taxes are small businesses. The dems have supported offshoring as much as any Republican has. NAFTA, your chief complaint, was signed by a dem and supported by Jimmy Carter as well as Bush Sr and Ford. So your typical left wing partisan ramblings aside, we should increase audits in order to ensure cases like this occur infrequently.

__________________
All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO

SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.

Oh stop with the "hate the rich" philosophy. Since when is it a crime to make money? That's what all business does. They are in business to make money, not be freakin' charity cases. All I hear is this jealous, socialist whining over "record profits."

If a company makes a million dollara, based on 10% markup, and then doubles in growth, while dropping their profit margin to 8%...SURPRISE!...They STILL made 80% more profit than they did previously! How dare those evil, hateful rich jackals! Now, knowing you're a socialist, you're probably thinking that all that profit goes right in the pockets of CEO's. Wrong again, my little Stalinist. There's such things as "research & development," "employee profit sharing," corporate expansion (oh, the horror!)...and even charitable contributions. (did you know that over 70% of all charitable contributions come from corporations?).

Now, I don't work for a big corporation, nor do I own one. I'm just sick of the mindless sheep of our country moving closer and closer to socialism, based solely on wealth envy. This "where's mine?" generation is going to ruin this nation.

What exactly does "moving overseas" mean? If you mean using international firms to provide low skill labor then they're doing it in order to compete with countries whose products come from low skill labor. If you mean moving their HQ's overseas they are doing it in very low numbers, the entire "moving overseas" story is exaggerated. But those who do it are doing so because the US is one of the few countries in the industrialized world which taxes corporations for any sale made anywhere no matter where the product was made or where the sale occured. So if a product made in Indonesia is sold to a company based in Singapore the US taxes that. Most countries do not.

__________________
All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO

SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.

Report on Tax cheating frotune 500
http://www.ctj.org/html/corp0205.htm

Sept. 22—Nearly one-third of the nation’s largest and most profitable corporations paid no federal income tax between 2001 and 2003—yet still received billions of dollars in tax rebates, according to a new study.
http://www.aflcio.org/corporatewatch/ns09222004.cfm

I didn't say the only ones, I said many. And your own original link verifies that per the IRS. Your new link is not federal, but state taxes.

And not paying taxes does not equal cheating. It means they follow the tax law. The left wing website that you link to ignores several facts. Such as the fact that options are an actual expense. Or that accelerated depreciation is not a loophole. It was an incentive (one that worked) to buy equipment in the midst of a faltering economy. And all it meant is that the depreciation deduction was accelerated over three years instead of five. That was a deduction they would have received in any event. Additionally, some of these "loopholes" are programs that liberals have helped create or have complained about Bush not providing more of. Such as incentives for R&D into alternative fuels, providing low cost housing, etc.

__________________
All you need to know about the energy crisis:
ANWR Exploration Republicans: 91% Supported. Democrats: 86% Opposed.
Coal-to-liquid R's: 90% YES. D's: 78% NO.
Oil Shale Exploration R's: 90% YES. D's: 86% NO.
Outer Continental Shelf Exploration R's: 81% YES. D's: 83% NO.
Increased Refinery Capacity R's: 97% YES. D's: 96% NO

SUMMARY: 91% of House Republicans have historically voted to increase the production of America’s own oil and gas. 86% of House Democrats have historically voted against.