Uncle Sam Cracks Down on the Rich, Twelve Percent Audit Rate for Millionaires

Tax season is coming about us and for many, many people, they are preparing themselves to get their taxes ready as the information from 2011 is all put in a row. Oh who are we kidding. This is just like the Christmas shopping all over again, where you’re going to wait until the absolute last moment. Perhaps we should have a tax countdown until that big day, with a number of wacky topics. But we won’t start that up until about mid March or so.

It appears that the IRS are finally attacking the rich for their sketchy tax practices. Of course, the twelve percent of millionaires that get audited might be a rather low amount.

The Rich Didn’t Get That Way By Paying Taxes

The old phrase, “the more you make, the more Uncle Sam takes” is really something that rings rather true but only to a certain extent. There are many people who have figured out the rules of the game and have studied the tax laws in the United States, as complex as they may be, reading them back and forth.

Tax shelters seem to be obvious. They purposely cultivate a failing business. Because a failing business is something that will save them a fortune on taxes. However, the IRS are about as devious as they come and the only reason why they haven’t caught what you are doing if you are cheating them in some way, is because you haven’t screwed them out of that much money, yet.

There seem to be a call for stronger taxes for the richer half. Of course, the balance might be disrupted in another way. Still there are a fact that somehow, the dwindling middle class are paying slightly more than the rich due to the rich’s exploitation of tax laws.

Then again, there is this huge gaping canyon between the rich and those in poverty. Most of the middle class used to be there, but now there are only a handful of people there. Most have slid to the poverty end of the cliff, maybe a few.

Twelve percent of people audited from the millionaire population. Perhaps that is rather low all things considered. Then again, the rich do rule the United States, whether directly as politicians or through the political puppets that they put in control as they pull the strings. Such is the state of the world today.