Rat out a tax cheat, collect a reward
March 2nd, 2010 admin
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If you knew coworkers, former bosses or exes who cheated on their taxes, would you turn them in? The Internal Revenue Service can make it worth your while.
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The top 400 U.S. individual taxpayers got 1.59% of the nation’s household income in 2007, according to their tax returns, three times the slice they got in the 1990s, according to the Internal Revenue Service . They paid 2.05% of all individual income taxes in that year. In its annual update of the taxes paid by the 400 best-off taxpayers, who...
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Economist Arthur Laffer ’s theory is that, after a certain point, tax increases become self-defeating by weakening economic growth and draining tax revenues. There are two points — zero and 100% — where the government receives no revenue. The trick is finding the peak point between the two. The Laffer Curve served as an intellectual...
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