250 Tax Cheats Busted

[Xenophon]

I thought this thread was about new obama apointees.

 

[Gunny]

This would have never happened under Republican rule!!!

BERN, Switzerland - Switzerland’s president said Thursday that his country will hold onto its treasured tradition of confidential bank accounts, even as it took the unprecedented step of revealing over 250 tax cheats to U.S. authorities.

Swiss bank secrecy is under threat after UBS, the world’s biggest bank to the rich, agreed late on Wednesday to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.

As part of the deal struck in a federal court in Fort Lauderdale, Fla., UBS has made the unprecedented step of agreeing to turn over to the U.S. government immediately account information for U.S. customers of the bank's cross-border business. In doing so, federal authorities have struck a big crack in Switzerland’s trademark bank account secrecy.

“The Swiss are saying that this is the end of Swiss banking as they knew it,” Jack Blum, an offshore tax specialist, told The New York Times. “Nobody will trust the security of the Swiss bank account.”

Switzerland's largest bank and U.S. officials have been negotiating intensely since allegations surfaced last year that UBS helped as many as 17,000 Americans conceal up to $20 billion.

Sure it wouldn't because you believe this arrangement that changed how Swiss banks have done business for YEARS was whipped out in a month.

 

[Gunny]

Hells bells,, we've busted 4 or 5 of em just since obamalama started naming appointments..

Those were $100K or $1000 in owed taxes, you schmuck.

Now that we have found these hidden billions, we can now afford the stimulus bill and the Iraq war. We just need to raise their taxes.

I have been telling you that rich people and corporations don't pay enough in taxes, yet you argued.

Corporations love suckers like you. Arrogant, stupid, easily fooled, greedy, lazy, racist. It is easy to convince you that they are the victims.

The end justifies the means, huh? Not much difference between you and a tax cheat. The only difference is who you're willing to steal from.

 

[Gunny]

Those were $100K or $1000 in owed taxes, you schmuck.

Now that we have found these hidden billions, we can now afford the stimulus bill and the Iraq war. We just need to raise their taxes.

I have been telling you that rich people and corporations don't pay enough in taxes, yet you argued.

Corporations love suckers like you. Arrogant, stupid, easily fooled, greedy, lazy, racist. It is easy to convince you that they are the victims.

poor old frustrated bobo I'm feeling yer pain..

Well, I certainly feel vindicated when I read stories like this.

Or like this:

Most Companies in US Avoid Federal Income Taxes
Report Says Most Corporations Pay No Federal Income Taxes; Lawmakers Blame Loopholes

And yet even still, you guys continue to argue to lower Corporations taxes and rich people's taxes.

So now you and me pay all the taxes. I mean me and your husband. I don't know why you hate middle class people and love master.

You feel vindicated proving once again you havn't got a clue? N-i-c-e.

 

[Diuretic]

If people, under the law, owe taxes, should they pay them?

 

[Skull Pilot]

And yet even still, you guys continue to argue to lower Corporations taxes and rich people's taxes.

wrong again ass clown. People like me argue for lower taxes for everyone, even you.

 

[editec]

I think I'm not understanding what all the bruhaha is here.

People cheat on their taxes.

People with enough money, and the financial acumen, find banks around the world where reporting their activity to the US government has been less than complete.

Switzerland is one of those place.

Some of those people are likely to be caught since the governments of Germany and the USA have put pressure on Switzerland, as it pertains to one bank USB which it turns out is ALSO in financial trouble, and was recently bailed out by the Swiss government.

We, as US taxpayers, should be pleased that these tax cheats are getting caught.

Why aren't all of us pleased by this news?

Do some of you think that it's a bad thing that tax cheats were finally caught, or soemthing?

If so, why?

 

[Skull Pilot]

not only "rich" people cheat on their taxes.

have you ever been paid for some work you've done and not reported it to the IRS?

If so, YOU too are a tax cheat.

 

[sealybobo]

And yet even still, you guys continue to argue to lower Corporations taxes and rich people's taxes.

wrong again ass clown. People like me argue for lower taxes for everyone, even you.

Do you really still argue for them? Do you yourself have a Swiss Bank Account with UBS? If not, amazing how they get you to argue for them.

But if you do it, you are a tax evader.

No wonder we are going broke. We're paying $10 bill a month in Iraq alone and the rich are not paying their fair share of taxes.

I was thinking about people like you this morning. I can't imagine how the rich got you defending them. I understand you hate taxes, but they got you carrying the entire burden and Bush doubled the debt.

If you approve of all the defense spending that Bush did, then you MUST approve of taxes, because that is how you pay for defense spending.

This is where Bush's tax breaks to the rich went. Did you put your $1200 in your Swiss Bank Account? Dumb son of a bitch.

Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.

Justice Department officials said the settlement was the largest ever in a criminal tax case.

About 17,000 American clients concealed their UBS accounts from the IRS, hiding total assets of roughly $20 billion, U.S. officials said.

Federal authorities on Thursday filed a lawsuit in Miami against UBS seeking to force the firm to turn over information on as many as 52,000 U.S. customers who hid their accounts from the U.S. government in violation of tax laws.

The filing came a day after UBS, in a deal struck in federal court in Fort Lauderdale, Fla., took the unprecedented step of agreeing to immediately turn over to the U.S. government account information for U.S. customers of the bank's cross-border business.

In doing so, federal authorities have created a large crack in Switzerland's vaunted bank secrecy laws.

Swiss President Hans-Rudolf Merz on Thursday said his country's strict banking secrecy laws remain intact despite the deal with U.S. authorities.

UBS will pay $780 million in fines, penalties, interest and restitution for conspiring to create sham accounts to hide the assets of U.S. clients from the U.S. government.

The financial hit on UBS is more than double the penalty imposed by federal authorities just last month on a different international bank, Lloyds TSB Bank PLC, for helping its clients skirt U.S. sanctions against Sudan, Iran and Libya.

"We accept full responsibility for these improper activities," Peter Kurer, chairman of Swiss-based UBS AG, said in a statement. He added that the bank was determined to abide by the terms of the deal with U.S. criminal and securities officials.

"Client confidentiality, to which UBS remains committed, was never designed to protect fraudulent acts or the identity of those clients, who, with the active assistance of bank personnel, misused the confidentiality protections," he said Wednesday.

According to U.S. officials, when an acquisition in 2000 of a U.S. company brought UBS a host of new American clients, the bank set about to evade new reporting requirements for those clients. To do so, UBS executives helped U.S. taxpayers open new accounts in the names of sham entities.

Prosecutors contend that UBS executives used encrypted software and other countersurveillance techniques to prevent anyone from detecting that they were actively marketing such Swiss bank secrecy — and tax evasion — to American taxpayers.

The clients, in turn, filed false tax returns that omitted the income they earned in their Swiss accounts, according to the court papers.

Federal officials said they had pulled aside a veil of secrecy that hid a corrupt international banking practice.

"This was not a mere compliance oversight, but rather a knowing crime motivated by greed and disrespect for the law," said Alexander Acosta, U.S. attorney for southern Florida.

Internal Revenue Service Commissioner Doug Shulman warned U.S. taxpayers hiding money overseas that it was time to come clean with Uncle Sam.

"People who have hidden unreported income offshore need to get right with their government. They should come forward and take advantage of our voluntary disclosure process," Shulman said.

Sen. Carl Levin (D-MI) has estimated that abusive tax shelters and hidden offshore accounts cost the U.S. government nearly $100 billion a year in lost tax revenue.

 

[sealybobo]

not only "rich" people cheat on their taxes.

have you ever been paid for some work you've done and not reported it to the IRS?

If so, YOU too are a tax cheat.

Leave it to a broke Republican to defend their owners/masters.

We're talking billions of dollars.

You do realize Bush doubled the debt, right? So if the rich are dodging all these taxes, aren't they putting more of the tax burden on you and me?

This is like defending the CEO who's company lost money but he gave himself a $20 million dollar bonus.

Are you starting to wake up? Add to this story this other story:

Study says most corporations pay no U.S. income taxes


Study says most corporations pay no U.S. income taxes | U.S. | Reuters

And if you are still on their side???

Either that or you are rich. Filty rich. You have to be that or

 

[sealybobo]

I think I'm not understanding what all the bruhaha is here.

People cheat on their taxes.

People with enough money, and the financial acumen, find banks around the world where reporting their activity to the US government has been less than complete.

Switzerland is one of those place.

Some of those people are likely to be caught since the governments of Germany and the USA have put pressure on Switzerland, as it pertains to one bank USB which it turns out is ALSO in financial trouble, and was recently bailed out by the Swiss government.

We, as US taxpayers, should be pleased that these tax cheats are getting caught.

Why aren't all of us pleased by this news?

Do some of you think that it's a bad thing that tax cheats were finally caught, or soemthing?

If so, why?

The gist of this debate is:

a. Rich people & Corporations pay too much in taxes

b. Rich people & Corporations aren't paying their fair share

If you ask a Republican, they think the rich pay too much. Not rich Republicans. They know they aren't paying their fair share. I'm talking about broke Republicans. They believe everything their masters tell them. We can show them all the evidence that the rich and corporations are not paying their fair share, but they will blow off facts and follow what Rush tells them.

It might be because of God, Gays and Guns. Wedge issues.

No matter what the GOP does. No matter how bad their economy gets, no matter how bad the war goes, they still vote because of things like abortion or stem cell research.

 

[Skull Pilot]

not only "rich" people cheat on their taxes.

have you ever been paid for some work you've done and not reported it to the IRS?

If so, YOU too are a tax cheat.

Leave it to a broke Republican to defend their owners/masters.

bet I made more than you last year

We're talking billions of dollars.

And if millions of people skipped out on paying a couple thousand in taxes that's billions of dollars too.

You do realize Bush doubled the debt, right? So if the rich are dodging all these taxes, aren't they putting more of the tax burden on you and me?

And Obama is doubling it again

This is like defending the CEO who's company lost money but he gave himself a $20 million dollar bonus.

No it's not. Most CEO's don't own the comapny or even a controlling interest in the company they run so the CEO can't "give himself a bonus" the board must do that and the shareholders pay for it not you.

Are you starting to wake up? Add to this story this other story:

Study says most corporations pay no U.S. income taxes


Study says most corporations pay no U.S. income taxes | U.S. | Reuters

Here we go again with that stupid Reuters article that you think is proof of something.

Since most corporations in the US are sub chapter S the earnings from those corps are reported on the shareholders individual tax returns and NOT on corporate tax returns. but don't you worry sweetie, those of us who own S corps pay plenty of taxes.

And if you are still on their side???

Either that or you are rich. Filty rich. You have to be that or

I am on my side. if the fucking government let me keep more of my money, indeed if everyone got to keep more of their money, we would all be better off. But you are too fucking stupid to understand that.

 

[sealybobo]

not only "rich" people cheat on their taxes.

have you ever been paid for some work you've done and not reported it to the IRS?

If so, YOU too are a tax cheat.

bet I made more than you last year



And if millions of people skipped out on paying a couple thousand in taxes that's billions of dollars too.



And Obama is doubling it again



No it's not. Most CEO's don't own the comapny or even a controlling interest in the company they run so the CEO can't "give himself a bonus" the board must do that and the shareholders pay for it not you.



Here we go again with that stupid Reuters article that you think is proof of something.

Since most corporations in the US are sub chapter S the earnings from those corps are reported on the shareholders individual tax returns and NOT on corporate tax returns. but don't you worry sweetie, those of us who own S corps pay plenty of taxes.

And if you are still on their side???

Either that or you are rich. Filty rich. You have to be that or

I am on my side. if the fucking government let me keep more of my money, indeed if everyone got to keep more of their money, we would all be better off. But you are too fucking stupid to understand that.

Doesn't matter if you made 4 times what I made, you are still a broke ass. At least when it comes to the question of if you should or should not be a republican.

Whatever you and me dodged in taxes last year, they dodged those taxes too, and now add $100 billion a year. That's what we lost from these people.

And again, you say they do pay PLENTY of taxes. Well I'm sorry sir, but not enough. Apparently they are dodging billions. Time to start collecting some back taxes with interest. And jail time too I hope.

Or, we can just let this go and just end the bush tax breaks. One way or the other, these rich people are going to start paying their fair share in taxes.

Bet I made more than you last year. What an internet bitch thing to say.

Bet I make love better than you. Bet I get better looking women than you. Bet my family loves me more than your family loves you. Bet I can kick your ass.

 

[elvis]

Hells bells,, we've busted 4 or 5 of em just since obamalama started naming appointments..

Those were $100K or $1000 in owed taxes, you schmuck.

Now that we have found these hidden billions, we can now afford the stimulus bill and the Iraq war. We just need to raise their taxes.

I have been telling you that rich people and corporations don't pay enough in taxes, yet you argued.

Corporations love suckers like you. Arrogant, stupid, easily fooled, greedy, lazy, racist. It is easy to convince you that they are the victims.

yeah it's ok if you cheat a little, I get it.

 

[sealybobo]

Hells bells,, we've busted 4 or 5 of em just since obamalama started naming appointments..

Those were $100K or $1000 in owed taxes, you schmuck.

Now that we have found these hidden billions, we can now afford the stimulus bill and the Iraq war. We just need to raise their taxes.

I have been telling you that rich people and corporations don't pay enough in taxes, yet you argued.

Corporations love suckers like you. Arrogant, stupid, easily fooled, greedy, lazy, racist. It is easy to convince you that they are the victims.

yeah it's ok if you cheat a little, I get it.

Isn't that also your argument for hiring your illegal immigrant gardner and maid?

No wonder the treasury is empty. You will defend the mega rich till your dying breath.

Leona Helmsley admitted that the rich don't pay taxes.

Do you and I cheat a little? Let me ask you this. Is there any way to cheat on the salary you get from your employer? If you are like most of us, the answer is no. So if any of us cheat "a little", you dumb shit, then it is a fraction of the taxes we pay. So we still pay 99% of our taxes.

Do you understand that these people and corporations are not paying any taxes? Or not enough taxes? Trust me, you and I pay too much, but these rich people are bullshitting you.

If they have $10 million and make 5% interest, that's $500K, correct? They aren't paying any taxes on the $500k? What a bunch of greedy pricks.

Because you go work for 40 hours a week to make peanuts and that money gets taxed to shit???

Makes no sense. I say tax their wealth before you tax our labor.

 

[Skull Pilot]

Doesn't matter if you made 4 times what I made, you are still a broke ass. At least when it comes to the question of if you should or should not be a republican.

i am not a repudlican

Whatever you and me dodged in taxes last year, they dodged those taxes too, and now add $100 billion a year. That's what we lost from these people.

I claimed every dime i made last year and every year.

And again, you say they do pay PLENTY of taxes. Well I'm sorry sir, but not enough. Apparently they are dodging billions. Time to start collecting some back taxes with interest. And jail time too I hope.

You don't pay enough either. the fact that you are even drawing breath is a burden to us all. We should charge you for every absurd, asinine, daft, empty, fatuous, flat, foolish, frivolous, futile, harebrained, idiotic, illogical, imbecilic, innocuous, insipid, jejune, laughable, meaningless, mindless, pointless, puerile, ridiculous, sappy, senseless, silly, trifling, unintelligent, vacant, vacuous thought you type, say or think.

That alone would balance the budget for the next century if not longer.

Or, we can just let this go and just end the bush tax breaks. One way or the other, these rich people are going to start paying their fair share in taxes.

You mean more than the 50% of all income taxes the top 1% or earners already pay?

Bet I made more than you last year. What an internet bitch thing to say.

you're the fuckstick that said i was broke and you're calling me a bitch?

Bet I make love better than you. Bet I get better looking women than you. Bet my family loves me more than your family loves you. Bet I can kick your ass.

Fucking a watermelon with a hole cut in it isn't making love, and blow up dolls aren't women. And no one loves you booboo because you are fucking annoying. And I'll take you up on you trying to kick my ass any day little girl.

 

[Bern80]

And yet even still, you guys continue to argue to lower Corporations taxes and rich people's taxes.

wrong again ass clown. People like me argue for lower taxes for everyone, even you.

Do you really still argue for them? Do you yourself have a Swiss Bank Account with UBS? If not, amazing how they get you to argue for them.

But if you do it, you are a tax evader.

No wonder we are going broke. We're paying $10 bill a month in Iraq alone and the rich are not paying their fair share of taxes.

Then where exactley is that 80% of tax revenues from the top 20% of wage earners coming from?

You're kind of missing the big picture too. You are essentially arguing againsts yourself here since you have condemned Bush for spending over and over. And yet you are upset that people essentially are preventing government from spending more tax payer money. Kinda painted yourself into a corner there buddy. I say every tax payer should be finding every single legal loophole they can to avoid paying taxes because apparently the only way our government is going to stop over spending our money is if we figure out ways to quit giving it to them. BOTH sides have shown they aren't capable of even attempting to figure out how to stop spending.

 

[elvis]

I don't cheat on my taxes or in any manner. Obviously, silly bimbo does.

 

[sealybobo]

Doesn't matter if you made 4 times what I made, you are still a broke ass. At least when it comes to the question of if you should or should not be a republican.

i am not a repudlican

Whatever you and me dodged in taxes last year, they dodged those taxes too, and now add $100 billion a year. That's what we lost from these people.

I claimed every dime i made last year and every year.



You don't pay enough either. the fact that you are even drawing breath is a burden to us all. We should charge you for every absurd, asinine, daft, empty, fatuous, flat, foolish, frivolous, futile, harebrained, idiotic, illogical, imbecilic, innocuous, insipid, jejune, laughable, meaningless, mindless, pointless, puerile, ridiculous, sappy, senseless, silly, trifling, unintelligent, vacant, vacuous thought you type, say or think.

That alone would balance the budget for the next century if not longer.



You mean more than the 50% of all income taxes the top 1% or earners already pay?

Bet I made more than you last year. What an internet bitch thing to say.

you're the fuckstick that said i was broke and you're calling me a bitch?

Bet I make love better than you. Bet I get better looking women than you. Bet my family loves me more than your family loves you. Bet I can kick your ass.

Fucking a watermelon with a hole cut in it isn't making love, and blow up dolls aren't women. And no one loves you booboo because you are fucking annoying. And I'll take you up on you trying to kick my ass any day little girl.

Trust me, I would skull fuck skull pilot.

Here is another lie you keep holding onto:

You mean more than the 50% of all income taxes the top 1% or earners already pay?

I bet that number is fudged just as much as the lie that union workers make $70 hr.

And even if they do pay as much as you think in taxes, apparently it isn't enough. Not for Bush spending or the spending Obama is going to have to do to get us out of the hole Bush put us in.

So clearly now is the time to raise taxes. At least those 50,000 people who are dodging taxes in their swiss bank accounts. I say we rape half their portions and put it towards the national debt, that they doubled! Or they benefitted from the spending.

And close the loopholes that allowed this:

Most Companies in US Avoid Federal Income Taxes

ABC News: Most Companies in US Avoid Federal Income Taxes

You hate taxes so much that you defend rich people avoiding taxes that you yourself are paying. And you are paying more than you shoudl because they aren't paying.

Dummy.

 

[sealybobo]

I don't cheat on my taxes or in any manner. Obviously, silly bimbo does.

That's because you aren't rich enough to qualify for the tax breaks/loopholes the GOP created.

Yet you vote GOP anyways. Stupid American sheep.