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-   -   How big a deal is tax evasion? (https://greekchat.com/gcforums/showthread.php?t=102851)

KSigkid 02-03-2009 10:14 PM

Quote:

Originally Posted by KSig RC (Post 1774742)
This is only true in the abstract.

If the inflationary/investment consequences of having the money are lower than the "other" consequences (i.e. spending more of it instead of actually utilizing the cash flow for positive results) then the marginal difference likely disappears, and may actually go negative.

When you look at the usual rate of spending/saving versus who the people are who luuuurrrve the huge refund, there might just be a massive overlap too.

I'll agree with that - I was being pretty general in my comment, and, as with anything, it's not such an easy issue.

Plus...honestly, my liberal arts educated-mind probably couldn't wrap itself around anyting more complex than that.

UGAalum94 02-03-2009 11:18 PM

I think a lot of us who like getting refunds lack the self discipline to save unless they are basically compelled to through withholding. (compelled is too strong since you could adjust deductions or whatever, but if you're kind of paying it safe since you don't want to run the risk of owing. . .) And I think KSigRC is completely right about rates of spending and savings in this group if I'm at all typical.

And I agree about citizen legislators. I wouldn't want an imperfect tax record to be a disqualifying trait in itself, but at some point it starts to seem as if some of the very folks who want others to pay for programs are unwilling to make comparable sacrifices themselves.

It also bothers me more in some of the recent cases when it seems that the income and lifestyle elements that create the tax "complications" are unlikely to be issues faced by the majority of tax payers: household staff, paid drivers, resort property. Sure, these may be common in the highest brackets, but I think it's fundamentally less sympathetic than relatively assessments based on miscalculations with self employment or late payments that were paid before a high profile appointment or run for office was attempted.

RU OX Alum 02-04-2009 09:48 AM

Quote:

Originally Posted by DSTRen13 (Post 1773308)
I work for an accounting agency. I can't really say details - confidentiality and all that - but I will say that IRS agents can and sometimes do carry guns ... you really don't want to get on their bad side.

I work in accounting and I can't say that I blame them.

ETA: If you are going to be sec. of commerence or sec. of the treasury though, everything should be in order

I have absolutely no faith in Obama's cabinet.


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