Nine Things That Will Make You Fume On Tax Day
1. If you paid even a dime in taxes, you paid more than 26 Fortune 500 companies combined.
If you paid even a dime in taxes, you paid more than 26 Fortune 500 companies combined.
2. And since we don’t mind naming names:
And since we don’t mind naming names:
3. Because we like bad puns and board games, we thought we’d note all those corporate tax breaks didn’t happen by “chance.”
Because we like bad puns and board games, we thought we’d note all those corporate tax breaks didn’t happen by “chance.”
4. U.S. corporate taxes are globally competitive, but corporations still want to pay less!
U.S. corporate taxes are globally competitive, but corporations still want to pay less!
5. It’s actually worth showing just how low U.S. taxes are compared to other industrialized nations
It’s actually worth showing just how low U.S. taxes are compared to other industrialized nations
6. Big corporations are exploiting loopholes to get out of paying STATE taxes too.
Big corporations are exploiting loopholes to get out of paying STATE taxes too.
7. All this corporate tax dodging is costing taxpayers a lot.
All this corporate tax dodging is costing taxpayers a lot.
8. In spite of this (or maybe because of all this), Congress is poised to pass a deficit-increasing bill informally called “tax extenders”, which primarily benefits—you guessed it—corporations.
In spite of this (or maybe because of all this), Congress is poised to pass a deficit-increasing bill informally called “tax extenders”, which primarily benefits—you guessed it—corporations.
9. With all this corporate tax dodging, guess who pays more?
With all this corporate tax dodging, guess who pays more?

Nine Things That Will Make You Fume On Tax Day

1. If you paid even a dime in taxes, you paid more than 26 Fortune 500 companies combined.

If you paid even a dime in taxes, you paid more than 26 Fortune 500 companies combined.

2. And since we don’t mind naming names:

And since we don’t mind naming names:

3. Because we like bad puns and board games, we thought we’d note all those corporate tax breaks didn’t happen by “chance.”

Because we like bad puns and board games, we thought we’d note all those corporate tax breaks didn’t happen by “chance.”

4. U.S. corporate taxes are globally competitive, but corporations still want to pay less!

U.S. corporate taxes are globally competitive, but corporations still want to pay less!

5. It’s actually worth showing just how low U.S. taxes are compared to other industrialized nations

It’s actually worth showing just how low U.S. taxes are compared to other industrialized nations

6. Big corporations are exploiting loopholes to get out of paying STATE taxes too.

Big corporations are exploiting loopholes to get out of paying STATE taxes too.

7. All this corporate tax dodging is costing taxpayers a lot.

All this corporate tax dodging is costing taxpayers a lot.

8. In spite of this (or maybe because of all this), Congress is poised to pass a deficit-increasing bill informally called “tax extenders”, which primarily benefits—you guessed it—corporations.

In spite of this (or maybe because of all this), Congress is poised to pass a deficit-increasing bill informally called “tax extenders”, which primarily benefits—you guessed it—corporations.

9. With all this corporate tax dodging, guess who pays more?

With all this corporate tax dodging, guess who pays more?

newsweek
newsweek:

How to Cheat on Your Taxes
Curnutt can show people how to cheat on their taxes and not get caught. His trick won’t work if you are a wage earner, but those rich enough to invest in real estate partnerships have escaped paying billions of dollars in the past decade by using this technique.
Curnutt knows this because he is a tax detective. He retired from the Internal Revenue Service in 2000 as one of its top snoops, overseeing all investment partnerships. Using his desktop computer, Curnutt discovered a simple way to cheat that no one at the IRS had noticed.
Call it Curnutt cheating. For his brilliant sleuthing, the IRS gave Curnutt commendations and multiple cash awards, each for about $1,000. It sent him around the country to conduct 64 training sessions so IRS auditors could learn how to efficiently spot these cheats.
He also trained state tax auditors from California, Indiana, New Jersey and New York.
But the IRS never put Curnutt’s insights into practice and never cracked down on the cheaters, allowing them to escape paying tens of billions of dollars in federal and state taxes.
Now Curnutt’s mission in life, at age 76, is to get states and the IRS to go after these cheats.

newsweek:

How to Cheat on Your Taxes

Curnutt can show people how to cheat on their taxes and not get caught. His trick won’t work if you are a wage earner, but those rich enough to invest in real estate partnerships have escaped paying billions of dollars in the past decade by using this technique.

Curnutt knows this because he is a tax detective. He retired from the Internal Revenue Service in 2000 as one of its top snoops, overseeing all investment partnerships. Using his desktop computer, Curnutt discovered a simple way to cheat that no one at the IRS had noticed.

Call it Curnutt cheating. For his brilliant sleuthing, the IRS gave Curnutt commendations and multiple cash awards, each for about $1,000. It sent him around the country to conduct 64 training sessions so IRS auditors could learn how to efficiently spot these cheats.

He also trained state tax auditors from California, Indiana, New Jersey and New York.

But the IRS never put Curnutt’s insights into practice and never cracked down on the cheaters, allowing them to escape paying tens of billions of dollars in federal and state taxes.

Now Curnutt’s mission in life, at age 76, is to get states and the IRS to go after these cheats.