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Tax cheats sanders Original Source Link: (May no longer be active)    http://bernie.house.gov/documents/releases/20020408182201.asp http://bernie.house.gov/documents/releases/20020408182201.asp For Immediate Release, 4/8/2002 Wealthy Tax Cheats Given a Pass, While Hard-Working Americans Get Stuck with the Bill New York Times article reveals that the wealthy are less likely to be audited by the IRS than working people Representative Bernie Sanders expressed his concern about a recent New York Times article which revealed that the wealthy are much less likely to be audited by the IRS than low to middle income Americans costing the federal government hundreds of billions of dollars in lost revenue. Sanders said, “While the IRS is spending a huge amount of money and resources targeting the tax statements of the working poor, it is largely ignoring thousands of wealthy tax cheats and corporations across the country costing the federal government hundreds of billions of dollars in lost revenue every year. This is simply unacceptable.” According to the New York Times article, “The I.R.S. employs 2,200 people to stop what is at most $9 billion in cheating by low-income wage earners applying for the earned income tax credit. It employs only about eight times that many people to hunt for all other kinds of cheating, which some experts estimate at more than $300 billion annually. As a result, the chance of being audited if one applied for the earned income tax credit for the working poor was 1 in 47 last year. But the chance was much less for high-income taxpayers - 1 in 145 for people earning more than $100,000. It was even less for a business arrangement favored by lawyers, doctors and other professionals, called an S-Corporation: 1 in 233. And the chance of an audit was less still for partnerships: 1 in 400.” Sanders concluded, “It is time for the IRS to investigate wealthy tax cheats who are avoiding paying hundreds of billions of dollars every year in taxes. This is money that could be spent on insuring the 43 million Americans who have no health insurance; solving the affordable housing crisis; providing a meaningful prescription drug program for all Americans; and providing our veterans the benefits that they were promised.” For the full text of the New York Times article, click here. Contact: Warren Gunnels at (202) 225-4115 Printed From Congressman Bernie Sanders' (I-VT) Website: http://bernie.house.gov/documents/releases/20020408182201.asp

Arms deal { January 14 2003 } Black family farms rare as hens teeth { November 11 2006 } Congressman says import export bank is corporate welfare Corpwelf1 4 [rtf] Cw crunched time { February 7 2000 } Cw time topbanana { February 7 2000 } Enron no taxes { February 3 2002 } Family farms destroyed by government subsidies { December 21 2006 } Farm subsidies abused Farm subsidies { May 14 2002 } Fate of family farming { June 6 2004 } Firms avoid taxes { October 20 2000 } Halliburton avoids taxes { January 30 2004 } Hog farm shelters { August 17 2001 } House panel passes corporate tax break No taxes ny { October 20 2000 } Pentagon fails to crack down on contractor tax cheats Rep sanders { May 15 2002 } Rep sanders2 Rep sanders3 Tax avoidance { June 28 2002 } Tax cheats sanders Tax shelter { June 28 2002 } Tax shelters sanders Tax shelters { February 29 2000 } Time cw [htm] Time cw Wto hits us { August 21 2001 } Files Listed: 28

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