As I sit here and read about the staggering $150 billion a year in tax evasion by millionaires and billionaires, as reported by the IRS chief, I can’t help but feel a mix of anger, frustration, and disappointment. This number is not just a statistic; it represents a massive drain on our economy, on our society, and on the very fabric of our democracy. The fact that this level of tax evasion is happening, while hard-working Americans struggle to make ends meet, is a stark reminder of the gross wealth inequality that plagues our country.
It is no secret that the wealthiest individuals and corporations have the means and resources to exploit legal loopholes, offshore accounts, and complex tax schemes to avoid paying their fair share.… Continue reading
The recent announcement by the IRS that it will collect an additional $560 billion from rich tax cheats thanks to the Inflation Reduction Act is a significant development in the battle against tax evasion. As someone who believes in the importance of everyone paying their fair share, I am pleased to see the government taking steps to hold the wealthy accountable for their financial responsibilities.
It is disheartening to think that there are individuals who have been evading taxes for years, while the rest of us work hard to fulfill our obligations. The fact that audits of millionaires and billionaires have decreased due to the IRS’s lack of funding is alarming.… Continue reading
The recent report suggesting that Trump falsified disclosures over a $48 million loan, potentially evading taxes, shouldn’t come as a surprise to anyone who has been paying attention. The man seems to have made a habit out of evading taxes and engaging in fraudulent activities throughout his career. And yet, he continues to evade any real consequences for his actions.
It’s infuriating to see such blatant disregard for the law and a complete lack of accountability. If any ordinary citizen were to engage in tax evasion or falsify financial disclosures, they would undoubtedly face serious consequences. But when it comes to Trump, it seems like he’s always able to maneuver his way out of trouble.… Continue reading
Trump’s $50 Million Mystery Debt Looks Like ‘Tax Evasion’
It is truly baffling how Donald Trump, the former President of the United States, managed to evade scrutiny and escape consequences for his questionable financial practices for so long. In a shocking revelation, it has come to light that Trump lied to the government for years about a non-existent $50 million loan. Such a deliberate act of deception raises serious concerns and suggests the possibility of tax evasion.
The evidence presented in Barbara Jones’ letter to the court, as detailed in a Daily Beast article, strongly indicates that Trump knowingly and intentionally broke the law.… Continue reading
John Q. Hosedrinker