One in Eight Millionaires are Tax Audited by the IRS

Mr. Rich pic by mediaflury via flikr



ONE in EIGHT, that’s 1 in 8, Millionaires were audited by the IRS last year!
This was one of those CNN streamer tag-lines lines morning.
OK, this, for some reason really BURNS ME!
Where is the individual opportunity for catching and recovering the most money?


We call that “Bang for the Buck”, by the way.


The individual from the poor or Middle Class population, or the Millionaire with all of those customized exemptions that they take advantage of?


I say, go for the Millionaires and their cheating accountants!


And, BTW, Why not audit the Accountants, as far as their procedures are concerned? They are the one’s making the “How to Cheat” deciisions.
Again …… SIGH!
Bamboo_01

Don Bobbitt

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Hey, Mr. 1%!

Hey, Mr. 1%!
Let me think a minute! 
OK! If I work for a living and make, say, $30K, I have to pay taxes. 
I don;t know how to do taxes, typically, so I pay someone to do that for me. I have no deduction except for my House interest and it is not enough. My medical care was not catastrophic, so it’s not deductible. My work clothes are not uniforms.
SO I have to file straight form and PAY, because my Boss didn’t take out enough, in the first place?
You? the 1%? You have an accountant. You get to take your Sports car as a business expense. You get to take your week in the Bahamas as an expense because you went to a one-day conference on how to save on your taxes. You write off your designer clothes as a business expense. And on and on!
After every possible deduction by your accountant, you end up claiming $100K as income. And you feel that’s unfair to you?
Get a Life, Mr. 1%.
We need the playing field leveled a bit!

Bamboo_01

Don Bobbitt