Wealthy Client Avoids Paying $20 Million In Taxes

A little off topic, since we are talking about individual tax. However, Exxon pays at a 13% rate.

Halliburton used to pay taxes. But Cheney set up more off shore subsidiaries, booked the profits overseas, booked the losses in the US and so now Halliburton gets a tax rebate. Money BACK from the US taxpayer. Ain't patriotism GREAT?

Wrong, johnnyjust, per IRS Website of 2003 the rich pay 1/5 of the total taxes collected. Yep, we pay the rest and that is the whopper.
That is why we never get a tax break. The shear number of people, which the middle class
represents the majority, has to pay for the rich so they can re-invest. Read the other story on Huffpo where one rich guy did not pay his 20 million in taxes but set up phone companies. And when it comes to jobs, the rich don't give you jobs either, look around and see!

Here's some tax facts from the IRS:

The wealthiest 1 percent of the population earn 19 per­cent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent"those below the median income level"now earn 13 percent of the income but pay just 3 percent of the taxes.

why does fedora let politicians tax public when they want to run the term in lump sum..the dems challenged they would find 2.2 trillion usd enough for 44th or a term.....



he he the rich and filthy have something to correct and reconsider everytime the admine moves the coins balance ...revision and consideration create corrections and improve things....the question will still remain with judiciary about concessions it is in for/towards the former reigns information concession for reigns trade and concessions for reigns afrodasiacs and clearance side for the regins baggage check at airports and body check at banks...the dominos roll turn dribble fall fall and twist and roll and slide then fall,.....untill the sun goes down at hollywood boulevard....

why does fedora let politicians tax public when they want to run the term in lump sum..the dems challenged they would find 2.2 trillion usd enough for 44th or a term.....

More of my hard earn money going to save someone ells ass. Yay America, yay Socialism

If I'm not mistaken, the "taxpayer" has limited responsibility for an "error" made by a tax attorney. In any case, at the moment, I'm not going to research my assumption.

I strongly recommend two books on this subject. These books, by Pulitzer Prize winner David Kay Johnson, provide insight regarding the antics of our "social betters." The titles are: PERFECTLY LEGAL - THE COVERT CAMPAIGN TO RIG OUR TAX SYSTEM TO BENEFIT THE SUPER RICH AND CHEAT EVERYBODY ELSE and FREE LUNCH - HOW THE WEALTHIEST AMERICANS ENRICH THEMSELVES AT GOVERNMENT EXPENSE (AND STICK YOU WITH THE BILL)

I remain amazed regarding the passivity of US citizens. Most seem to believe that emotional engagement with a year or more long, media sponsored, national presidential campaign means that they are actively engaged in some political process. Nothing is further from reality. The best a grunt can do is learn the reality of big global players. Secondly, ACTIVELY PARTICIPATE IN ISSUES ON A LOCAL LEVEL.

Wake up people! Don't passively accept this pure crap. Follow the history, power, money, families, and individuals. Sui Bono?

Ever since I found out that Governor Reagan paid no taxes because he kept a few

head of cattle on his 'ranch', I realized that loopholes were created for the filthy rich.

Any wealthy person that pays over ten percent of their true income in taxes is doing

their own taxes and just like a lawyer who represents himself, has a fool for a client.

ST2P

Ever since I found out that Governor Reagan paid no taxes because he kept a few

head of cattle on his 'ranch', I realized that loopholes were created for the filthy rich.

Any wealthy person that pays over ten percent of their true income in taxes is doing

their own taxes and just like a lawyer who represents himself, has a fool for a client.

ST2P

And to think my 22 year old made $18,000 last year and had over $3.000 taken out in tax's yet he still owes $168.00 extra. When he ask if he could make payments he was told to pay it all at once or take a chance of going to jail. Fork the IRS. 1776

This isn't my forte so I'm just guessing here but... Why not just mandate the elimination of late fees for applicable homeowners incurred between certain dates and mandate allowing them to refinance at reasonable fixed rates? People get to keep their homes, and the banks may make less now but they'll end up getting money back they wouldn't otherwise see.

The FairTax would eliminate any type of tax shelters and loopholes. Therefore, everybody would pay taxes.

http://www.fairtax.org

Is this cheat related to Bu$h or if caught when can we expect a pardon?

What a surprise, the wealthy never want to pay their share. Take take take....greed greed greed.

Crooks everywhere, is this any news?