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A billion here, a billion there...

A billion here, a billion there...

Postby mk4 » Tue, 24 Jan 2012 19:43:38

...pretty soon we're talking real money. :roll:
http://www.foxnews.com/politics/2012/01 ... s-in-2010/

no idea if the percentage of delinquent federal employees tracks similarly with the rest of the taxpayer population.
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Re: A billion here, a billion there...

Postby OakRidgeStars » Tue, 24 Jan 2012 19:59:46

Maybe they couldn't figure out how to use TurboTax :whistle:


Poor TurboTax Timmy...
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Re: A billion here, a billion there...

Postby mk4 » Tue, 24 Jan 2012 20:03:25

good point. what was i thinkin'?
trickle down tax deliquency?!? :bangin:
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Re: A billion here, a billion there...

Postby Kreutz » Tue, 24 Jan 2012 20:38:19

Internal Revenue Service data show that 3 percent of Senate staffers and more than 4 percent of House staffers owed taxes in 2010, adding up to about $10.6 million in unpaid taxes. More than 98,000 civilian federal employees were delinquent on their taxes in 2010, adding up to more than $1 billion in taxes owed, according to the IRS.


Er, technically 100% of non-corporate Americans owed taxes in 2010.

3% and 4% is actually pretty good. The article also states more than 2% of military personnel are delinquent too.

I owe every year. I pay every year too. No matter how hard I try I always underpay.

The funny thing is the interest rate the IRS charges (dunno about penalty, never got that before) is so low some people use the IRS as a low interest loan, invest it, then pay the IRS, then pocket the profit.

I dont have enough liquid cash to play that game :(
So rattle my bones all over the stones, I'm only a beggar-man whom nobody owns. Oh, see how words as old as sin, fit me like a glove.

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Re: A billion here, a billion there...

Postby ratherfish » Sat, 18 Feb 2012 18:44:00

um....

Not to falsely inject reality but I believe we're talking OWED, and DIDN"T PAY?

The "funny thing" is the scheme you outline is dishonest.... :wave:

As if that matters.
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