posted
i think it's hilarious that all these guys are getting caught not paying taxes..
Bush didn't beleive in enforcement of anything, SEC EPA or IRS, the Constitution in general and these guys all knew it.
i have no doubt MCain would have had the same problems, and i have no doubt that alot more will be uncovered...
Tax Enforcement in the Bush Budget
April 9, 2004
Last week, the IRS Oversight Board, a seven-member panel including the secretary of the treasury, released a special report detailing what it referred to as a consistent underfunding of tax enforcement activities. The report, the first of its kind, included unusually sharp language, claiming that Bush administration's 2005 budget "not only threatens to end the clear progress made in customer service, it also does little to shrink our nation's tax compliance gap. It does not back up its goals on enforcement with the necessary resources to do the job." It was released only days before a new GAO study detailed the depth of corporate tax avoidance in the United States – an astounding 94 percent of U.S. corporations pay less than 5 percent of their income in taxes, and 60 percent pay no taxes at all. Ensuring that the IRS has adequate tax enforcement capabilities is an increasing governmental imperative, and one the Bush administration seems intent to ignore.
* The administration's 2005 budget seriously underfunds tax enforcement, which will result in less tax revenue and more unresolved fraudulent claims. Despite the administration's claim of increasing IRS funding by 4.6 percent in 2005, the IRS Oversight Board Report detailed why their budget would actually move the IRS's enforcement capability backwards. The administration completely ignored $230 million in expected cost increases related to pay, rent, and postage costs in its budget, which, if left unaddressed will lead to about a half-million unresolved delinquent tax cases, 15 million unanswered service calls, and 46,000 scheduled audits to not proceed.
The administration has a perfect record on tax enforcement – they have underfunded IRS enforcement capabilities in every one of their four budgets. For the fourth year in a row, the administration has called for staff increases and increased enforcement capacity in its budget without providing the resources to support these activities. In 2003, the IRS was able to pursue only 18 percent of the abusive tax shelter cases uncovered by IRS agents because of capacity constraints.
A congressional panel recently discovered that the administration's budget also denies funding for agents to pursue the finances of terrorist organizations such as al Qaeda. The Budget denies a funding request for 80 additional criminal financial investigators to go after the financial networks that al Qaeda, Hamas and other terrorist groups rely on to finance their activities.
posted
This bailout thing is out of control. It does look like Obama is starting to put the clamps on. It looks like he is putting a clamp on CEO salaries for companies getting bailout money. I'm sure the far right is against this. I am not. I think if my tax dollars are going to your company, you should only get paid what you are worth. Considering these are CEO's of failed companies, and their companies lost huge amounts of money, they shouldn't get paid at all, they should have to liquidate all of there assets, and should have to pay back both the taxpayer and the share holders. Then, they should hold press conferences, apologize to the entire world, and admit they financially raped the taxpayer, the taxpayers future generations, their own workers, and their investors (both foreign and domestic).
-------------------- "When you're in a hole, the first thing you do is stop digging." -H. Ross Perot Posts: 111 | From: Detroit | Registered: Jun 2008
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posted
i think it's funny that group that calls itself "conservative" is for anarchy and the group that calls itself "liberal" like to make so many rules...
seems oxymoronic
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: i think it's funny that group that calls itself "conservative" is for anarchy and the group that calls itself "liberal" like to make so many rules...
seems oxymoronic
Just goes to show it's all about party loyality.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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