Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

IRS Launches New Global Program to Target ‘High Wealth Individuals'
CNS NEWS.com ^ | April 6, 2010 | Penny Starr

Posted on 04/06/2010 2:37:39 AM PDT by Cindy

Note Video included at article link.

SNIPPET: "(CNSNews.com) - The Internal Revenue Service has launched a new global program to target what it calls “high wealth individuals,” IRS Commissioner Douglas Shulman said Monday.

“Through our new global high wealth operating unit we are taking a unified look at the entire web of business and economic entities controlled by high wealth individuals so we can better assess the risk such arrangements pose to tax compliance,” Shulman said at the National Press Club on Monday.

Shulman said the IRS is using “our robust and evolving enforcement program that ensures that everyone pays what they owe.”

The IRS initiated its Global High Wealth Industry group in the fall."

SNIPPET: "“Over the past few months, we have begun hiring some agents and specialists, such as flow-through specialists and international examiners, to conduct examinations of high wealth individuals and their related enterprises,” Shulman said.

“In due course, we will grow the new unit by adding examination agents and individuals with specialized skills and expertise, such as economists to identify economic trends, appraisal experts to advise on valuation issues, and technical advisors to provide industry or specialized tax expertise,” Shulman said. “We will also build new risk assessment techniques to identify high income and high wealth individuals and their related enterprises that should be reviewed holistically.”"

(Excerpt) Read more at cnsnews.com ...


TOPICS: Culture/Society; Extended News; Government; Politics/Elections
KEYWORDS: agenda; aicpa; arra; bho44; bhoirs; bloodsuckingbastids; bottomfeeders; democrats; douglasshulman; economy; examinationagent; fascism; fifth100days; globaleconomy; highwealth; highwealthindividual; impeachobama; international; investment; investments; irs; irscommissioner; obama; obamaeconomy; oecd; richpeople; shulman; socialism; tax; taxes

1 posted on 04/06/2010 2:37:39 AM PDT by Cindy
[ Post Reply | Private Reply | View Replies]

To: Cindy

More good news!!!

/sarc


2 posted on 04/06/2010 2:39:27 AM PDT by Ronin
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

stepping back in time to 2009:

Note: The following text is a quote:

www.irs.gov/irs/article/0,,id=215606,00.html

Remarks of Douglas H. Shulman, Commissioner of Internal Revenue, before the AICPA National Conference on Federal Taxation

Washington, D.C.
Oct. 26, 2009

Thank you for that kind introduction and warm welcome…and it’s a great honor to be addressing the AICPA again.

It was exactly a year ago that I spoke to you. And it’s been a year that few of us will soon forget.

We had an historic presidential election held against the backdrop of an economic crisis the likes of which we hadn’t seen since the Great Depression.

Our tax system was also put to the test. But the IRS proved its flexibility and mettle during this challenging time. And I’m very proud of our contributions to the recovery efforts.

We provided tangible relief to taxpayers when they needed it most… and helped to energize the economy through our implementation of the tax portions of the American Recovery and Reinvestment Act – the President’s blueprint for rebuilding America.

What stood out in ARRA was the sheer number of tax-related provisions that the IRS had to administer, or provide guidance on, to assist both individuals and businesses in economic distress. In this regard, I want to acknowledge not only the work of the Service but also AICPA’s members’ efforts to provide timely assistance to the CPA community.

There was also a great sense of urgency to ARRA. With so many Americans facing difficult times, we had to get relief and guidance out in record time, such as the Making Work Pay credit.

And we didn’t forget America’s businesses struggling in the distressed economy. In March, IRS advised businesses with deductions exceeding their income in 2008 on how to use a new net operating loss tax provision to get an expedited refund, and then took steps to immediately implement the new provision and process these refunds. As some of you know from your own clients’ experience, this was a lifeline to struggling businesses, providing them with a quick infusion of cash.

We’ve also been administering the expanded COBRA health care coverage provisions for employees who lost their jobs. And we implemented a number of new credits.

And as we implemented all these new procedures, we needed to recognize the potential for abuse. We put in place screens and filters to identify and address potential abuse. But we also had to ensure that our processes could still deliver these benefits intended by the Recovery Act to eligible taxpayers in a timely way.

Let’s turn now to some other issues that are a focus for me and the IRS.

Before I get to some of our ongoing initiatives, let me briefly touch on corporate issues involving risk and transparency. There have been significant changes in this area recently. Accounting for uncertain tax positions is much more articulated now. Auditing firms are conducting much more extensive reviews of materials used to make decisions on tax reserves.

People are asking the IRS what we will and will not seek from the full range of what we may be legally entitled to obtain. This is an issue under review, and as we develop proposals, we will ensure that any approach is balanced and enhances overall corporate tax administration.

Let me turn to our decision to review how we oversee the tax preparation community.

I want to make a few quick observations about why this review is so important to you…the IRS… taxpayers…and the integrity of our tax system.

The simple answer is change. In recent years, there’s been a huge change in the way most people and businesses prepare their taxes. Today, almost 9 out of 10 individual taxpayers use either a tax preparer or third-party software to complete their federal tax returns.

This is nothing less than a transformational shift…a sea change in tax administration.

And we at the IRS must not only recognize and embrace this enormous change but ensure the success of the tax preparation community, which has become an integral part of our tax system. Tax preparers and the associated industry must be supported and at the same time held accountable in the key role they play in preserving the integrity of the tax system.

The goals of this review are straightforward. We want to ensure that taxpayers who use a return preparer receive competent, professional and ethical service. And we want to make sure return preparers are part of the IRS’ overall goal of seeing that taxpayers file accurate returns and pay what they owe.

When I first announced this review, I promised that it would be an open and transparent discussion of the issues and that we would welcome and seek input from all sectors of the preparer community. I believe we have delivered on that promise. And by the end of the year we plan to have completed our review and developed our recommendations.

So what did we learn from the public forums and meetings that we held? I believe there was widespread agreement, or consensus on several points.

First, the status quo is not optimal. Unethical and unqualified return preparers can inflict enormous harm on taxpayers and the integrity of the tax system.

Second, we need to find a way to ensure that return preparers demonstrate their competency. We received lot of thoughtful suggestions on how this could be done, including a lot of people saying there should be a testing requirement for preparers, and we are sorting through the ideas to identify those that hold the most promise.

Third, return preparers must maintain their competency through ongoing education programs, along the lines of CPE courses that many of you in this room are quite familiar with.

And finally, we have also learned that some of the possible outcomes of the effort could represent a big shift in the tax return preparer community. This will be a significant change and effort for us and depending upon where we come out, we might need to phase in some of the pieces over a number of years.

Before I leave this topic, I would like to thank the AICPA for its valuable input in this review. We have received comments from you and others that those enrolled under Circular 230 are already held to a high standard of conduct, and should not be subject to any new test requirements, if we were to require testing of return preparers. Let me just say that I have heard your concerns, and have some sympathy for them.

This brings me to another important development … a game changing trend ….the globalization of tax administration.

There’s compelling evidence that more and more Americans are part of the international investment pool. For example, in just six years, the Foreign Tax Credit dollars claimed against U.S. tax by individuals has more than doubled – from $6 billion dollars in 2001 to $15.4 billion in 2007.

In the IRS’ case, we’re focused on international tax issues from two distinct angles. First, in the business context, how do we ensure that taxpayers do not use the international capital markets and tax code complexities to push tax planning beyond acceptable bounds? Second, how can we better ensure that U.S. taxpayers with overseas assets pay what they owe?

Rooting out individuals hiding their money in foreign jurisdictions, is very different from the IRS and Treasury creating ground rules for multinational corporations operating in a global environment. It’s no secret that multinational corporations engage in sophisticated tax planning and there are plenty of international tax strategies that are perfectly legal. However, we also recognize that some businesses use the complexity of the tax code and international capital markets to push the envelope too far.

Now, for individuals with overseas income and assets, it’s straightforward. If you are a U.S.individual holding overseas assets, you must report and pay your taxes or we will be increasingly focused on finding you.

A week or so ago, I announced that over 7,500 people came in under our special offshore voluntary compliance program that ended earlier this month. It’s too early to say how much money will come in from this effort. However, I can tell you that account sizes ranged from just over $10,000 to over $100 million. As importantly, these taxpayers are now back in the U.S. tax system and will be paying taxes on their offshore income in the years to come.

A key aspect of our future international offshore work will be mining the voluntary disclosure information from people who have come forward. We will be scouring this information to identify financial institutions, advisors, and others who promoted or otherwise helped U.S. taxpayers hide assets and income offshore and skirt their tax responsibilities at home.

In addition, we’re increasing our scrutiny of annual FBARs or foreign bank and financial account reports. Current law requires that U.S. taxpayers file an FBAR if their foreign financial accounts total more than $10,000. But current rules make it difficult to catch all of those who do not. Tough, anti-international tax abuse legislation proposed by the President would tighten these rules and impose tougher penalties on undisclosed foreign accounts.

Aside from the legislation, there is an active project working to update definitions and instructions under the current FBAR rules. We’re also working with Treasury and Congress in following up on other related Administration Green Book proposals.

Our future offshore efforts will also be focused on multiple points around the globe, including funds flowing out from Europe to Asia, Central America and the Caribbean. To this end, the IRS is opening international Criminal Investigation offices in several new locations around the world – in Beijing, Panama City and Sydney, in addition to existing offices, such as Hong Kong and Barbados. The new locations will put the IRS closer to key locations around the globe for international tax administration purposes.

The last topic I want to discuss with you is our recent formation of a Global High Wealth Industry group housed in our Large and Mid-Size Business operating division.

While we are in the early stages of this work, this new unit will centralize and focus IRS compliance expertise involving high-wealth individuals and their related entities – which can often have an international component. Tax agencies around the world, including those in Japan, Germany, the UK, Canada and Australia, have also formed high wealth groups.

Now, high wealth individuals are not your typical Form 1040 filers with a W-2, some 1099 income, and maybe a Schedule C enclosed with their return. And you cannot assess compliance among the nation’s wealthiest individuals by looking only at their 1040s. Their tax picture is much more complicated than this.

For a variety of reasons – including valid business reasons – many high wealth individuals make use of sophisticated financial, business, and investment arrangements with complicated legal structures and tax consequences. Many of these arrangements are entirely above board. Others mask aggressive tax strategies.

And let me give you a flavor of these complex financial arrangements. They may include trusts, real estate investments, royalty and licensing agreements, revenue-based or equity-sharing arrangements, private foundations, privately-held companies, and partnerships and other flow-through entities that require looking at the entire, and often huge, spectrum of transactions and entities. A single high wealth individual may have actual or beneficial ownership of numerous related entities, sometimes alone and sometimes along with other family members or business associates.

And there are other tax considerations regarding high wealth individuals, including international sourcing of income and tax residency, and offshore structures and bank accounts, to name just a few.

So who are we talking about? We’ve looked at what other countries have done. Some countries have defined high wealth individual based on assets, wealth or income amounts under their control, such as through privately-held corporations, partnerships, trusts, and family members. Some have looked at other factors as well, including the complexity of their financial affairs and their relationships with a large number of related entities.

The OECD also has been working to define high wealth individual and its work thus far suggests that something in the neighborhood of $30 million of assets may be a reasonable dividing line for many countries. Of course, each country sets its own criteria taking into account its demographics, economy and other factors. At least initially, we will be looking at individuals with tens of millions of dollars of assets or income.

So here’s our game plan. Going forward, we will take a unified look at the entire web of business entities controlled by a high wealth individual, which will enable us to better assess the risk such arrangements pose to tax compliance and the integrity of our tax system. Our goal is to better understand the entire economic picture of the enterprise controlled by the wealthy individual and to assess the tax compliance of that overall enterprise. We cannot do this by continuing to approach each tax return in the enterprise as a single and separate entity. We must understand and analyze the entire picture.

We have begun hiring some agents and specialists, such as flow-through specialists and international examiners, who will begin conducting examinations of high wealth individuals and their related enterprises.

Among our first steps will be a small number of examinations of these high wealth individuals that will use this integrated, or enterprise, approach. What we learn from these initial enterprise examinations will help us define the scope of our future work and build compliance tools going forward.

Over time we will grow the new unit by adding examination agents and individuals with specialized skills and expertise, such as economists to identify economic trends, appraisal experts to advise on valuation issues, and technical advisors to provide industry or specialized tax expertise. We will also build new risk assessment techniques to identify high-income and high-wealth individuals and their related enterprises that should be reviewed holistically.

Let me stress that just as our international initiatives touch upon and involve every IRS Business Operating Division, so does the Global High Wealth Industry initiative. Even though the program is housed in the Large and Mid-Size Business operation division, we will be dealing, for example, with private foundations and retirement plan assets which fall under Tax Exempt and Government Entities, and flow-through entities that are part of our Small Business/Self-Employed Division. We are talking about small businesses…medium-size businesses… large businesses…private companies…and very wealthy individuals who may have a myriad of holdings and sources of income beyond the obvious ones. There are income tax as well as estate and gift tax issues.

Let me look beyond enforcement for a moment. Although many high wealth individuals rely on tax advisors to help them in their tax planning, there might be areas where additional guidance is needed in order for them to comply with the tax laws. When we see unresolved issues, we will try to provide guidance and resolution. And I recognize the important role that you play as professional tax and financial advisors for many of these individuals and their enterprises. We will be looking to you for your input as we move forward in this area.

Of course, this is a story that continues to be written. Practitioners representing all kinds and sizes of clients need to stay informed and see where it affects them. And the IRS will help you find your way through this evolving world.

Well, that wraps it up from here. And I hope that we can continue to strengthen the bonds between the IRS, AICPA and the practitioner community. Together, we can improve compliance and integrity of the tax system. That’s a win-win for both of us … and most of all, for America’s taxpayers. Thank you and I would be happy to take a few questions.

Page Last Reviewed or Updated: November 17, 2009


3 posted on 04/06/2010 2:40:06 AM PDT by Cindy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Let’s start with every member of congress. They should all be audited every stinking year.


4 posted on 04/06/2010 2:49:01 AM PDT by Post5203 (Let's make election 2010 EJECTION 2010. Time for a complete do-over.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Good lord, we need to move to a flat tax... it’s ridiculous that we have the IRS targeting a certain class of people...


5 posted on 04/06/2010 2:49:01 AM PDT by bahblahbah
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Welcome to Amerika Comrade.


6 posted on 04/06/2010 2:49:30 AM PDT by sheikdetailfeather (Patriots are on the move!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: sheikdetailfeather

Not my country anymore.


7 posted on 04/06/2010 2:50:46 AM PDT by rarestia (It's time to water the Tree of Liberty.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: bahblahbah

That is never going to happen.

If we had a flat tax all these turds would be out of a job.


8 posted on 04/06/2010 2:51:09 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Cindy

Does anyone seriously believe that George Soros and other “connected” Democrat billionaires and millionaires will be probed? Conversely the IRS might give special attention to you if you are a wealthy Republican or conservative and have business dealings abroad


9 posted on 04/06/2010 2:52:58 AM PDT by dennisw (It all comes 'round again --Fairport)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

“Does anyone seriously believe that George Soros and other “connected” Democrat billionaires and millionaires will be probed?”

Exactly... this program sounds like bad news just waiting to be corrupted depending on who is in charge...


10 posted on 04/06/2010 2:54:05 AM PDT by bahblahbah
[ Post Reply | Private Reply | To 9 | View Replies]

To: All

http://www.freerepublic.com/tag/irs/index

#

Previously...

Quote - Snippet:

http://republicans.waysandmeans.house.gov/UploadedFiles/IRS_Power_Report.pdf

COMMITTEE ON WAYS AND MEANS
The Wrong Prescription:
Democrats’ Health Overhaul
Dangerously Expands IRS
Authority

Committee on Ways and Means Republican Report
Prepared for Ranking Member Dave Camp (R-MI) and Charles Boustany (R-
LA), Ranking Member of the Subcommittee on Oversight
March 18, 2010


11 posted on 04/06/2010 2:56:54 AM PDT by Cindy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Post5203
No make them comply with Sarbanes Oxley for every budget.

See how the funny-money 4 sets of books and unbalancing come into play when their is jail time envolved...

12 posted on 04/06/2010 3:00:53 AM PDT by taildragger (Palin/Mulally 2012)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Cindy

This is nothing more than an economic Berlin Wall designed to keep wealth from escaping to a more free country. And the IRS is the Stasi.

This cannot continue. We’re heading for a national break-up and it may not be pretty. Two populations - one for slavery and the other embracing freedom - cannot and will not live together.


13 posted on 04/06/2010 3:03:57 AM PDT by sergeantdave
[ Post Reply | Private Reply | To 1 | View Replies]

To: mylife
My tax pros that are conservative have stated that a flat tax as an option would get us to it. They give the fair tax zero chance of implementation, and like I have said would be the Soprano's Reemployment Act of 20-and-whenever, as they jack trcuks and sell stuff tax free out of the trunks of Caddy's.

Now if the GOP gets control of the House this fall, and gets to 278 members, adding a flat tax as an option, sending it to Obozo for a Veto would be "delish" for 2012 and set the Dems up against total restructuring of the tax system.

14 posted on 04/06/2010 3:05:29 AM PDT by taildragger (Palin/Mulally 2012)
[ Post Reply | Private Reply | To 8 | View Replies]

To: bahblahbah

30 years ago a relative of mine had the IRS bothering him. He had a small business. His accountant said he could make the problem go away. So he paid the accountant who paid the IRS man. This was actually 40 years ago. It has to be much worse today. If you are rich and have a the right accountant, things go easier for you with the IRS.


15 posted on 04/06/2010 3:05:36 AM PDT by dennisw (It all comes 'round again --Fairport)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Cindy

Start with the Obama Cabinet, move to the Administration in general, and then go for the windfall to be gained by collecting current and back taxes from Dems in Congress! There. Deficit fixed.


16 posted on 04/06/2010 3:06:31 AM PDT by hocndoc (http://www.LifeEthics.org (I've got a mustard seed and I'm not afraid to use it.) (RIA)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Powerful endorsement of the fair tax, eh?


17 posted on 04/06/2010 3:12:58 AM PDT by Waco (Kalifonia don't need no stenkin oil and no stenkin revenues)
[ Post Reply | Private Reply | To 3 | View Replies]

To: taildragger

I think there are already to many fingers in the pie.


18 posted on 04/06/2010 3:13:05 AM PDT by mylife (Opinions...$1 Halfbaked...50c)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Cindy

Wow thats a much different approach.


19 posted on 04/06/2010 3:24:14 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Cindy

attack wealth, murder the American dream UNLESS, you work in Hollywood of are a union boss or a mob member...then you can do whatever you want.


20 posted on 04/06/2010 3:25:32 AM PDT by The Wizard (I support Madam President, the only President in America today)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Post5203

Anybody think they’ll start with George Soros?


21 posted on 04/06/2010 3:25:36 AM PDT by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Cindy

Wrong message, wrong action, wrong headedness and showing a lack of experience and NO BRAINS...criminal intent......impeach


22 posted on 04/06/2010 3:26:52 AM PDT by The Wizard (I support Madam President, the only President in America today)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sergeantdave
Two populations - one for slavery and the other embracing freedom - cannot and will not live together.

I agree totally.

We have reached a point in time when there is too large a gap between people who believe in freedom and those ready to give up freedom one step at a time.

Winning back Congress will not make the lackeys go away. What will be done with them? They won't be killed, imprisoned or kicked out of the country. We will still have two countries comprised of people with different mindsets.

When will the tipping point be reached?
23 posted on 04/06/2010 3:26:56 AM PDT by Misplaced Texan (July 4, 2009 - the first day of the 2nd Revolution!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Cindy

America is now officially a Kleptocracy.


24 posted on 04/06/2010 3:33:43 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy
"For a variety of reasons – including valid business reasons – many high wealth individuals make use of sophisticated financial, business, and investment arrangements with complicated legal structures and tax consequences,” Shulman said. “Many of these arrangements are entirely above board. Others mask aggressive tax strategies.

Damn right about "aggressive tax strategies"...ya bastid.
The IRS - You're guilty until we say you're innocent...and we never say You're innocent!
25 posted on 04/06/2010 3:38:11 AM PDT by Tainan (Cogito, ergo conservatus)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sergeantdave
We’re heading for a national break-up and it may not be pretty.

Divorces are granted on the grounds of irreconcilable differences. We are at that point. This divorce will not be pretty.
26 posted on 04/06/2010 3:44:42 AM PDT by Canedawg (I'm not diggin' this tyranny thing.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Cindy

From Wiki:

Douglas H. Shulman is the Commissioner of Internal Revenue. His nomination was confirmed by the full U.S. Senate on March 14, 2008[1] and he was sworn in on March 24, 2008.[2] He formerly served as vice chairman of the Financial Industry Regulatory Authority (FINRA) (successor to NASD) and sat on the board at the Depository Trust & Clearing Corporation (DTCC).[3]

Shulman came to NASD in 2000. He directed NASD’s efforts to restructure itself as solely a regulator and spin-off its market subsidiaries. He led the negotiations that resulted in the sale of both the NASDAQ Stock Market and the American Stock Exchange. He also oversaw NASD’s efforts to become active in the fixed income markets by launching the Trade Reporting and Compliance Engine (TRACE), NASD’s real-time corporate bond market regulatory and information system. Another main area of focus was heading the successful effort by NASD to modernize its technology systems.

Before joining NASD, Shulman co-founded and served as Executive Vice President of FoundryOne, Inc., a company focused on building and spinning off technology-focused startups within major corporations. Previously, Shulman was Vice President of Darby Overseas Investments, Ltd. and served as a senior policy advisor and as Chief of Staff for the National Commission on Restructuring the Internal Revenue Service.[4] Shulman began his career as a consultant at A.T. Kearney in New York City.

Shulman holds a Bachelor of Arts degree from Williams College, a Master of Public Administration degree from Harvard University’s John F. Kennedy School of Government, and a Juris Doctor degree (magna cum laude) from Georgetown University Law Center. He graduated from Oakwood High School in 1985. His parents, Jeff and Celia Shulman, live in Oakwood, Ohio (in the Greater Dayton Area).[5]

In January 2010 in an interview with C-SPAN, Commissioner Shulman stated, “I use a preparer...I’ve used one for years. I find it convenient. I find the tax code complex, so I use a preparer.”

Wonder what happened to this guy along the way?


27 posted on 04/06/2010 3:55:59 AM PDT by Natural Born 54 (FUBO x 10)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Natural Born 54

If I had to answer my own question, I’d say it was the NASD experience. He got a taste of bureaucratic power and found it to his liking. NASD is a worthless organization, btw.


28 posted on 04/06/2010 3:59:30 AM PDT by Natural Born 54 (FUBO x 10)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Cindy

Except for people like Turbo Tax Timmy Geithner and others in the Politburo.


29 posted on 04/06/2010 4:00:20 AM PDT by caver (Obama: Home of the Whopper)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Misplaced Texan

“When will the tipping point be reached?”

Those for freedom and those embracing slavery have one area of agreement - we can’t stand each other. We can build on that and perhaps agree to an amiable divorce. The first step would be a meeting of states to lay the groundwork for a seccession amendment at a future constitutional convention. The federal government has clearly broken the contract set up by the states to govern according to the constitution. There is no referee that can mediate this. We either agree to settle this matter peaceably or face the alternative.


30 posted on 04/06/2010 4:28:07 AM PDT by sergeantdave
[ Post Reply | Private Reply | To 23 | View Replies]

To: Cindy

They are going for Oprah and they are racists


31 posted on 04/06/2010 4:29:02 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy
I have an idea! Let's take all this IRS sound and fury and direct it at finding and punishing waste, fraud and abuse in the trillion plus dollars of spending we do year after year. No matter how much increased enforcement by their people will up the money being collected by Treasury, it pales into insignificance when compared to how much we piss away every day.

When you're resources are limited your best bet is to target them where they will get the most done. In 21st century America that's not the hard-working, honest taxpayer. Or even the tax cheat. It's the huge amount of money that we spend and lose through pure waste, outright fraud and abuse at every level.

A year spent tracking VERY carefully EVERY penny we dole out for any purpose would be much more profitable than hounding taxpayers.

Maybe I'm wrong. We can find out. Launch a determined effort by all these people already in government employ and skilled in financial matters to find the waste, fraud and abuse. Just the knowledge that someone is paying attention for the first time in decades would probably make a lot of the abusers see the light!

32 posted on 04/06/2010 4:51:04 AM PDT by jwparkerjr
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

[Shulman said the IRS is using “our robust and evolving enforcement program that ensures that everyone pays what they owe.”
]

Are the investigating the U.S. Senate and House of Representatives?


33 posted on 04/06/2010 6:03:15 AM PDT by KansasGirl
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy; All

These "high wealth" folks traditionally give campaign
donations
equally to BOTH sides, to hedge their bets.

If they're as smart as we hope, that is no more ...

34 posted on 04/06/2010 6:09:22 AM PDT by BP2 (I think, therefore I'm a conservative)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

If the Democrats focus on shaking down the truly rich in the country, without regard to their political affilation (a big if!) they will be raping their own power structure. The truly wealthy are progressive globalists and are generally legally, socially and morally corrupt to the core.
Hollywierd, move to the front of the line.


35 posted on 04/06/2010 7:05:02 AM PDT by SaraJohnson
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy
Redistribution is Theft III, medium

36 posted on 04/06/2010 7:06:40 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SaraJohnson

“If the Democrats focus on shaking down the truly rich in the country,...”

Not a chance in the world. They WILL be shaking down you and I long before their major contributors ....which is exactly what this is all about...”inspiring” contributions...


37 posted on 04/06/2010 7:11:38 AM PDT by mo
[ Post Reply | Private Reply | To 35 | View Replies]

To: Cindy

No good will come of this.


38 posted on 04/06/2010 7:49:08 AM PDT by texmexis best
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Hint to IRS - there are 535 “high wealth individuals”, at least, right under your nose.

Waiting for the sound of subpoenas being served......

Waiting......

Still waiting......


39 posted on 04/06/2010 8:31:22 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cindy

Silly me...I thought the “I”, in IRS, stood for “Internal”...silly wabbit.


40 posted on 04/06/2010 8:32:08 PM PDT by FrankR (Those of us who love AMERICA far outnumber those who love obama - your choice.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson