Tax Deadline Nears For Americans With Offshore Bank Accounts

New York Times:

Thursday is the deadline for Americans to come clean about the money they have hidden offshore, in places like Swiss bank accounts. No one can say with certainty how much money is out there -- the accounts are secret -- but the hoard may be tens of billions of dollars.

Read the whole story: New York Times

Comments

[Stock market]

The wealth gap will widen to levels never before imagined while the middle class ceases. Our politicians need to do more to ensure equality.

good articles; http://bit.ly/1NkbAn

A person making 60,000 pays 20,000 of it in various taxes. A person making a million or more has a tax rate of 30% compared to 90% decades ago.

[woody7]

Gee, I wonder how many are politicians ?

[JaneK13]

From both parties, or will the president leave the big Democrat donors alone? Their "secret" will be safe with him.

[sposton]

They've got nothing to worry about. Obama administration telegraphed they are easing pressure on this issue because it might hurt the "economy". ;-)

[my post]

WE HAVE HEALTH CARE WE HAVE HEALTH CARE CONGRATS OBAMA 4 GETTING IT DONE!

good articles; http://br.st/tU

[wdw505]

i have health care.....but good for you

[Am-I-Dreaming]

“I knew I was walking into a buzz saw that was going to cost me and my family half a million dollars, and that it was triggered by UBS,” Mr. Krasting, a former Wall Street trader, said in a telephone interview from his home in Westchester County, N.Y.

Um, it was triggered by YOU, pal, so I won't be crying you a river. YOU'RE the one who decided to hide the money. And let it accrue interest. So if you had just done the right thing when you earned the money, you would have paid less in taxes and would not have paid any penalty. You've been a cheat all these years, and now you're a whiner. In Westchester. Give me a break.

[fem56]

Many people in this country do not pay federal taxes so really it is the middle class who suffers when these scammers avoid taxes.

[JaneK13]

That would be about half of the people int his country who don't pay federal taxes.

Does that mean half of the people are carrying the tax burden for the other half?

Is that what the president means when he says we need to spread the wealth?

[davidwayneosedach]

I keep my money in the Cayman's. How about you?

[nexxtep54]

Ayn Rand must be turning in her grave.

[BillyPilgram57]

These people will never pay the taxes.....­..........­. It is the game of the day
for them, let the lower classes pay, and laugh all the way to the bank.

[BernankeMadoff]

The government has put the same punch bowl out that got us into the mess in the first place. More debt and consumption and don't worry about paying it back. (Berbnanke= Greenspan II)

Good articles: http://pie.im/af30

If this is change we can believe in, count me out in 2012

[VJ2008]

When do we get the list? I want full disclosure.

[lobear00]

Government seize all assets of the tax evaders right down to their shoes. Everything they have gotten take it away from them . Then deport them out of "Our Country. Send them to Saudi Arabia and let them live under their rule.

[wdw505]

just a little unconstitutional ....but whatever

[tj101]

Unconstitutional? You must be talking about ACORN.

http://www.huffingtonpost.com/2009/09/24/gop-fail-congressional-re_n_298698.html

GOP FAIL: Congressional Report Says Bill Defunding ACORN Appears Unconstitutional

[NoWMDs]

Offshore the tax evaders.

[bobo5]

Could countries like Panama set up a proxy system in banking to handle US depositors? What about people with two passports?

[Dbos]

Rich people should not have to pay any taxes,leave that for the poor and middle class.