1996-05-07 - Re: Why I Pay Too Much in Taxes

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From: “E. ALLEN SMITH” <EALLENSMITH@ocelot.Rutgers.EDU>
To: frissell@panix.com
Message Hash: d46b211b1d57393c2d07176ac810674b542a4b5782496638fe912f166abce540
Message ID: <01I4E43Y5Z5S8Y583T@mbcl.rutgers.edu>
Reply To: N/A
UTC Datetime: 1996-05-07 04:05:14 UTC
Raw Date: Tue, 7 May 1996 12:05:14 +0800

Raw message

From: "E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>
Date: Tue, 7 May 1996 12:05:14 +0800
To: frissell@panix.com
Subject: Re: Why I Pay Too Much in Taxes
Message-ID: <01I4E43Y5Z5S8Y583T@mbcl.rutgers.edu>
MIME-Version: 1.0
Content-Type: text/plain


From:	IN%"frissell@panix.com"  "Duncan Frissell"  6-MAY-1996 16:04:24.96

>Actually, as a percentage of income, tax evasion is probably more prevalent
>among the poor than the rich.  Because they are less exposed.  Studies of
>spending show that the poorest 20% of Americans spend twice their reported
>income.

	Quite. The poor can get away with this for multiple reasons, including
being on more of a cash-based economy. But the largest reason is probably
that the IRS doesn't care nearly as much about each individual at the low
end of the income ladder as they do about any evasion involving a lot of money.
Now, the low end tax evasion probably costs the government a lot more than
the rich does... but it's also a lot harder to pursue.
	-Allen





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