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Offshore Accounts

How the Wealthy Avoid paying their Fair Share (--used to)

by: jamess

Tue Apr 21, 2009 at 22:24:59 PM EDT

(the wealthy pay more taxes sometimes... - promoted by poligirl)

No one LIKES paying Taxes, still we do it, year after year, because most of us still have a sense of Patriotic Duty.  This instinctive "love of Country" seems to have evaded some however, who often "love their Wealth" more than their Country ...


Experts estimate that Americans now have more than $1 trillion in assets offshore and illegally evade between $40 and $70 billion in U.S. taxes each year through the use of offshore tax schemes. U.S. corporations are estimated to illegally evade another $30 billion in taxes each year through offshore tax dodges. America's working people bear the burden of this $100 billion tax gap.

Senator Carl Levin (D-MI) - CLOSING TAX LOOPHOLES

This has been a way of life for the wealthy, for the last 8 years. Fortunately, the IRS has NEW Marching Orders, to go after these Tax Evaders ...

There's More... :: (2 Comments, 907 words in story)
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