IRS Brings New Focus to Auditing the Rich

Obama, Thief Executive of WallStreet oligarchs and ass-licker in chief to the uber-rich oppressors, has a plan to obfuscate his complete enslavement to the neo-liberal Capitalist thugs with whom he plots the demise of all that is holy and good.
 Read about his latest tricky and nefarious plot, hidden beneath a veil of deceptive misogynistic reversely racist arrogant Norwegian gause:

WAPO (The Paper FOX) 10/27/2009


By MARTIN VAUGHAN
WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts and other complex techniques used to hide income, IRS Commissioner Doug Shulman said Monday.

Dubbed the Global High Wealth Industry group, the unit will launch "a small number" of audits of individuals with assets or income in the tens of millions of dollars, Mr. Shulman told an accountants' trade group. An IRS official said the group would begin work on these initial audits in the next month.

The high-wealth group, housed in the IRS's large- and medium-sized business division, marks a sharpening of the IRS approach to auditing the very wealthy. Its creation is a response to the complex web of entities and transactions many high-net-worth individuals use to manage their financial affairs.

"You cannot assess compliance among the nation's wealthiest individuals by looking only at their 1040s [tax returns]," Mr. Shulman said. "Our goal is to better understand the entire economic picture of the enterprise controlled by the wealthy individual and to assess the tax compliance of that overall enterprise."

Don't be fooled!

Tags: IRS, obama, uber-rich, WaPo (all tags)

Comments

1 Comment

Re: IRS Brings New Focus to Auditing the Rich

Da link:

http://online.wsj.com/article/SB12565926 1162008901.html

by QTG 2009-10-26 10:22PM | 0 recs

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