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LuckyTheDog

(6,837 posts)
Mon Jul 14, 2014, 05:14 PM Jul 2014

Sam Pizzigati: How much wealth is being hidden by the world’s wealthiest people? It’s a lot.

Almost everyone knows how Al Capone went down. We’ve seen the movies.

The biggest and baddest gangster in American history extorted and murdered for years. But the feds could never convict him on anything, until the green eyeshade guys went to work. They finally nabbed Capone — on income tax evasion.

The moral of this story? Even the most ruthless of our richest can’t hide what the federal government really wants to find.

We need the green eyeshades back on the job. Today’s wealthy have taken tax evasion to a level that old Scarface never dared imagine. Their network of offshore tax havens is now hiding a significant share of the world’s wealth.

MORE HERE: http://wonkynewsnerd.com/how-much-wealth-are-our-wealthiest-hiding/


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Sam Pizzigati: How much wealth is being hidden by the world’s wealthiest people? It’s a lot. (Original Post) LuckyTheDog Jul 2014 OP
I had a good friend who was an IRS auditor LiberalArkie Jul 2014 #1

LiberalArkie

(15,719 posts)
1. I had a good friend who was an IRS auditor
Mon Jul 14, 2014, 05:18 PM
Jul 2014

He told me they don't go after tough cases any more, as it cost them too much in money and time. They prefer the people at the middle and lower income. They get the money with very little effort in court cases and legal fees.

But then, we always knew that.

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