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Poor and StupidHow big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good. |
Cracked!
After quoting from Charles Rangel's article you commented :"Huh? "Voluntary"?! Since when is anything about our tax system voluntary?" The IRS has certainly put a lot of hardworking taxpayers through the ringer. But recently I bought a book called Cracking the Code by Peter Eric Hendrickson. On page 107 he offers the following quotes:Update... Reader Bill Hesson has it straight:"The IRS's primary task is to collect taxes under a voluntary compliance system" - Jerome Kurtz, IRS Commissioner
"Our tax system is based on individual self-assessment and voluntary compliance" - Mortimer Caplin, IRS Commissioner
"Each year American taxpayers voluntarily file their tax returns..." - Johnnie Walters, IRS Commissioner
I think I figured out what the IRS Commissioners mean by "voluntary." They mean that the US Public is a lot more honest than it really needs to be given the level of resources available to enforce compliance.Update 2... My DC-insider pal "Mick Danger" points to Warren Buffett bloviating about how he "wants to pay more taxes." Hey, buddy, feel free -- it's "voluntary" after all:
The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax.Update 3... Reader Liv Douglas adds,Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (?25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed."
Seems like U.S. citizens who "voluntarily" don't pay their taxes are "voluntarily" checking themselves into their nearest Federal Penitentiary for a few years...
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- Cracked!
- It's My Day To Get Quoted!
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NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]












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