Quote:
Originally Posted by Mccree
If there is profit is should be taxed.
I once had a tax prof tell us that that if people just play follow the rules then everyone tax rate would drop 5-10 %. Not sure if that is true or not.
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http://www.cnn.com/2007/LIVING/perso...ref=newssearch
This article on CNN is about the states, but they "randomly" audited 46,000 returns in 2001 and found a shortfall in taxes by 345 Billion
. I am really hoping someone made a typo because thats a average of 7.5 million per audit they did! Certainly makes it seem reasonable that taxes could be lowered significantly if everyone was actually paying their share