White House Task Force To Investigate Tax Revenue Gaps

Wall Street Journal:

The White House said it would launch a search for new tax revenues, as Congressional leaders moved to scale back proposed spending increases and tax cuts in President Barack Obama's ambitious budget.

Read the whole story: Wall Street Journal

Comments

[LDnearthesea]

Isn't it ironic that some of the richest people don't pay their fair share of taxes. Some of these people are rich investors or even owners of businesses that benefit from the "infastructure" that they seem not to care a whit for in not paying their taxes. When one thinks, for instance, of the freeway systems in metropolitan areas of California, like Silicon Valley, and the train and bus systems that also operate in these areas, and the fact that businesses like IBM, Apple, Microsoft, Oracle, have employees use these public utilities and that their operation is essential to the economic well-being of these corporations, one wonders how those who are wealthy investors, owners, CEOs, or directors of corporate boards, can think they are so above the laws of the land as to not contribute to society.
it's blatantly un-patriotic! There should be a law that anyone who makes over $5 million/year has an annual audit!

[LauraD]

An audit won't help if the laws are written to benefit them.

[Kynn]

Rich spend their money buying influence so they don't actually have to pay their fair share.

$10,000 today will buy you a Senator which will get you a $10,000,000 tax loophole tomorrow.