This chaps my hide

[Blinocac200sx]

Just heard a story on the radio of a Newcastle woman who got 18 months in prison and a $150k fine for tax evasion because she reported $13k in income when she made $124k. Now I'm not saying she's not wrong and doesn't deserve punishment, but two things. How is the restitution for this MORE than what she even made? And why is the fed chairman a free man after doing the same thing?

 

[grizzly97]

Political hypocrisy (sp?). Do as I say, not as I do.

 

[inactive]

Was it Bernanke who had the tax fraud issues? It thought it was Geithner.


Hell, it wouldn't surprise me if it was both.

 

[Blinocac200sx]

Yeah, they're all so crooked, I get confused as to who broke which law.

 

[okie98]

It was the Treasury Secretary who doesn't pay taxes.

 

[Dave70968]

Just heard a story on the radio of a Newcastle woman who got 18 months in prison and a $150k fine for tax evasion because she reported $13k in income when she made $124k. Now I'm not saying she's not wrong and doesn't deserve punishment, but two things. How is the restitution for this MORE than what she even made? And why is the fed chairman a free man after doing the same thing?

As to the former question, it's because it's a punishment, not simple restitution; as to the latter, it's because our government is as corrupt as a three-week-old fish.

 

[gl89aw]

As my companies high dollar lawyer once said in a civil trial "justice? what the hell does justice have to do with it!!!!"

I learned why they don't allow guns in court rooms during that trial, I would have shot at least one of the witnesses, maybe a couple more.

My limited experience is that if you go into a court room expecting justice you are either extremely naive or extremely dumb.

 

[Thomas]

Penalties and interest add up.

If you have to stiff someone, the IRS are not the people to screw with. Credit cards may screw your credit, but the IRS can garnish your wages or (as seen above) throw you in jail. You would be surprised at how little they let you keep if they come after your wages.

 

[Fatboy Joe]

Let me shed some light on the situation....

She was a bookkeeper and tax preparer in Newcastle. She took many taxpayer's IRS payments that were intended to pay their tax liabilities and cashed them for herself. She has defrauded many people in Newcastle who are still on the hook to pay their taxes because she stole it from them. She also filed tax returns that did not include all of the income or took a very "aggressive" position on reporting some income.

 

[Blinocac200sx]

Ah, that does shed some light on it. The way it was reported on the news was that she had earned $124k and reported $13k of it, and they got her on unpaid taxes. I tried to find a print version of the story, but turned up bupkis. Thanks for the better info.