Our Fearless Leader:
"I didn't -- I swear I didn't -- get into politics to feather my nest or feather my friends' nests." —George W. Bush in the Houston Chronicle
bushcartoon.com
In America, we believe in lie-a-minute leadership. Not only is Bush a complete hypocrite, so are the CEOs who support him, his war mongering and his theft of America's wealth to pay for his foreign adventures, while they all hide their money from the tax man:
nytimes.com
I.R.S. Says Offshore Tax Evasion Is Widespread
By DAVID CAY JOHNSTON
he I.R.S. said yesterday that Americans in far greater numbers than it had once thought were evading taxes by secretly depositing money in tax havens like the Cayman Islands and withdrawing it using American Express (news/quote), MasterCard and Visa cards.
The I.R.S. said its estimate that one million to two million Americans might be using such accounts was based on records that it had obtained by summons from MasterCard of 230,000 bank accounts in three tax-haven countries.
A prominent criminal tax lawyer, Elliott H. Kajan of Beverly Hills, Calif., said, however, that the estimate was so out of proportion that he doubted it would hold up.
But the Internal Revenue Service said that from records of purchases, it had already identified hundreds of income tax cheats, including executives of publicly traded companies, business owners, doctors, lawyers and investment professionals.
These people — most believed to have incomes that would put them among the top 1 percent of taxpayers — "are using offshore cards to pay for living expenses," the I.R.S. said, from groceries to cars to college tuition for their children.
Offshore accounts would be of little use to people whose wages are reported to the I.R.S. by their employers.
<Continues....> |
