IRS and Frivolous Tax Arguments

The IRS issued a document showing some common frivolous legal arguments made by people who don’t want to pay their taxes.

They effectively beat down every argument made against paying taxes ranging from “Wages, tips, and other compensation are not income” to “The Internal Revenue Service is not an agency of the United States”.

People get very creative, but the end result is the same. Uncle Sam is getting paid, and those fighting get jailed or fined … just ask Wesley Snipes.

 

My advice: Pay your taxes. Uncle Sam said he wants all his money! Not some, not half, but all his damn cash.

No one likes the IRS, if anything they are tolerated by some. I think I can safely say that everyone is rooting for anyone who can find and exploit a loophole in the tax code, with the exception of big corporations. In face, 2 of every 3 corporations in the US did not pay any federal taxes in the US from 1998 to 2005 (NY Times), and giants like GE, EXXON and Bank of America didn’t pay a dime in 2009.

I guess times are rough for everyone huh? I’d say so, but those same companies also posted record profits that year. Don’t take my word for it though, see the Forbes write-up from last week (First week of April 2011)

If that makes you mad, write your congressman, move to a different country, vote for Ron Paul. But you probably wont. If you decide stay, be prepared to pay your taxes. Keep in mind that as the economy stays tight, the government will take extraordinary measures to collect their money. That means that you can expect a higher audit rate, as well as a more aggressive collection campaign.

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