Unless you're a Democratic politician.
I can understand the confusion...
Then you get put on the cabinet, and have to defend the administration's programs.
So it's not like it's a picnic for them, either.
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Unless you're a Democratic politician.
I can understand the confusion...
You don't have to pay taxes, you just have to file.
You don't have to pay taxes, you just have to file.
That is an urban legend, coming under the general heading of "Idiot Legal Arguments."
That is an urban legend, coming under the general heading of "Idiot Legal Arguments."
It does have some roots in reality to this extent: Failure to file a tax return for a year in which you earn income, or failure to declare all your income on your return, can constitute the crime of tax evasion. Once you file a return as required by law and it is processed, you have legally established that you owe the government a debt in the amount of the unpaid balance (if any) of your tax. Failure to pay that debt is not a crime -- there are no debtors' prisons in America. However: Once your tax debt is established, the IRS has perfectly lawful ways of collecting that money from you without your ever signing a check to them -- attachment of assets, garnishment of wages, etc. You can sometimes work out a manageable payment plan with the IRS, but that doesn't make the debt go away. You can't even discharge a federal tax debt in bankruptcy; that is expressly excluded from the U.S. Bankruptcy Code. And if you die owing federal income tax, the IRS will be at the head of the line of estate creditors.
So, in short: One way or another, sooner or later, now or at the hour of your death, you do have to pay federal income taxes.
N.B.: There are ways and ways of dickering over the amount of your tax in any given year; but, for that, make sure to consult a CPA and/or a tax attorney.
At least least he knew what sort of argument to use.
Close, but no cigar.
If the government owes you money there is no need to file, except if you don't file within three years the government won't pay you. Granted, it doesn't come up often - people want their money.
Under certain circumstances tax debt can be discharged under bankruptcy. If the government hasn't contacted you about it in a certain number of years (three I think) then the debt can be discharged.
You could be right on both points, I'm not a tax lawyer; I just know what every lawyer knows (basic Federal Income Taxation is a required course at every American law school AFAIK, but it mainly focuses on what does or does not constitute "income," regarding which the case law is vast and baroque).
Then why won't the IRS go after Charlie Rangel?
Is it because "Turbo" Timmy Geitner is their boss or Affirmative Action?
For years, Charles Rangel has been a visible, vital presence in the Capitol, bantering with reporters or booming gravelly-voiced greetings to well-wishers who yell “Charlie!” at him in the Rotunda.
But last week — just before the Republicans’ third attempt to punish Rangel — the Harlem Democrat appeared visibly tired and thinner than usual, and he barely spoke above a whisper when a reporter approached to ask a question.
The strains of the ongoing House ethics committee probe into Rangel’s finances — coupled with escalating attacks by the GOP — are wearing on the 79-year-old Korean War hero, people close to him say.
And some of Rangel’s friends and colleagues are starting to worry.
“I have commented to a lot of people — and a lot of people have commented to me — that this is finally starting to get to Charlie,” said New York Rep. Peter King, one of a handful of Republicans to vote against his party in a series of anti-Rangel resolutions this year.

...and now they have classified 2900 items as "medical devices" and have scheduled them for taxation that will raise their prices by about 40%...they were very careful to exempt tampons after a large feminine wail went up in the hinterland (apparently the gnashing of teeth could be heard clear to Washington) upon it's discovery on the list.
One can go here for a complete list of FDA medical devices that will be targeted with new taxes:
http://www.fda.gov/MedicalDevices/P...rances/Recently-ApprovedDevices/ucm081872.htm
Then why won't the IRS go after Charlie Rangel?
Is it because "Turbo" Timmy Geitner is their boss or Affirmative Action?
Please note that by the number of threads today, that suddenly, the stock market is now a MEANINGFUL indicator as to the state of the economy...
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Did you see how Geitner protected his buddies from scrutiny by making them "counselors?"
Way to go Party of the Rich! (That's in yet another of the morning's articles)
Let Dem get richer! Make the Red man pay for it!
First of all the market and the economy are two different things. Obama killed the dollar, when interest rates are raised to save it the stock market will be in for another big dip.
Meanwhile, in actual America leading economic indicators continue to trend well. After a peak in July 2007 LEI fell for a straight 20 months. The most recent data showed gains in June, July, and August of this year completing a string of gains over five months. Source
The next report of Leading Economic Indicators is due out October 22. I expect to see more gains there.
Keep preaching your doom and gloom and hoping against hope for failure though.