Monday, February 05, 2007

Democreeps already in a feeding frenzy

Democrats Seek Unpaid Taxes, Setting Up Clash - New York Times--Here's an article about the new creeps on the block already looking for more money--from waitresses, hairdressers, babysitters, handymen, web-page designers, and bloggers with ads in sidebars. Don't let them fool you that they're going after "small businesses"--their easiest marks are the sole proprietors, those who can least afford to defend themselves, who can least afford the time off to go through abusive audits. They are shameless parasites feeding on their fellow man. They are trained to harass you until it makes no sense for you to fight any more, to disallow deductions and to quibble to make their quotas, and to blindly promote the best interests of the IRS, the Treasury, and the Federal Reserve Bank as they mindlessly ruin businesses, credit, and lives, not to mention the very communities they themselves try to live in. Do you think our local COSE will take a stand for us small fry against the IRS? Here's an excerpt from the TIMES:

Congressional Democrats, hoping to finance an ambitious agenda without raising taxes, are on a collision course with the Bush administration about pursuing the potentially vast amount of money that people hide from the Internal Revenue Service. House and Senate Democrats say the government could collect as much as $100 billion more a year by whittling the tax gap — the unpaid taxes, mostly on unreported earnings, that the I.R.S. estimated was about $300 billion a year....
Based on an analysis of audited tax returns from 2001, the I.R.S. recently estimated that the government lost $290 billion that year as a result of underreporting and underpayment of taxes. More than 80 percent of that loss stemmed from underreporting by individuals, not corporations. And the biggest problems were with people in business for themselves, who earned income that was not reported to the I.R.S. on W-2 forms or on the Form 1099 that businesses file when they pay independent contractors. The I.R.S. estimated that it lost $109 billion on unreported business income, almost all of that from sole proprietors, like painters, plumbers, dry cleaners, florists, limousine drivers and restaurant owners. Small-business lobbying groups have begun to mobilize against proposals intended to reduce the tax gap. Two of the biggest trade associations in Washington, the United States Chamber of Commerce and the National Federation of Independent Business, organized the Coalition for Fairness in Tax Compliance in December to address lawmakers about proposals that might burden law-abiding business owners. “I’m focused on avoiding the wrong solutions,” said Macey Davis, tax counsel for the National Federation of Independent Business, which represents more than 600,000 small companies, half of which have fewer than five employees. “We’re not out to protect noncompliance. We’re out to protect those who are compliant and whose businesses could be hurt.”

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