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Comments on: EMC founder clashes with IRS over 'tax evasion' scheme

Hmmm 

Posted Friday 26th September 2008 14:03 GMT

Alert

Is it just me, or does he look like Frank Butcher? No wonder the IRS are interested in him!

@A/C Frank Butcher 

Posted Friday 26th September 2008 15:14 GMT

That'll confuse dem dare yanks....

Who is Frank Butcher? 

Posted Friday 26th September 2008 17:17 GMT

Happy

couldn't resist

remember, it's only money 

Posted Friday 26th September 2008 18:14 GMT

Coat

And the rich stay richer by NOT PAYING TAXES because of all the loopholes written into the laws JUST FOR THEM by their friends in congress. I'm sure it doesn't hurt that he and his cronies probably ponied up several hundreds of quid for various officeholders and party officials.

Getting my coat. That'll about cover it.

What is the IRS thinking? 

Posted Friday 26th September 2008 19:17 GMT

Rich people don't pay tax, that's what poor people are for. He must have pissed off someone with even more cash them him.

EMC Royal Family 

Posted Friday 26th September 2008 21:00 GMT

Have you met any of the EMC royal family?

Nice they're not.

Fair's Fair 

Posted Saturday 27th September 2008 00:22 GMT

Have you any idea how much gin Pat drinks of a weekend? VAT on the slate as Arthur would say.

The rich are thoroughly soaked 

Posted Saturday 27th September 2008 04:42 GMT

Those in the top 1% of income pay 40% of the income tax revenue in the U.S., so I think they are already pretty well fleeced, even though I'm not among them.

its the IRS 

Posted Saturday 27th September 2008 18:35 GMT

Good luck with that. If Bin laden owed the IRS money , he would of been found with in three days of going into Afghanistan

Seriously... 

Posted Sunday 28th September 2008 21:59 GMT

Seriously, this is just petty. He's worth $1.4 bil, and he's complaining over a $62 million tax? Fuck. And the "my accountants told me it was OK" defense is NOT going to fly. This actually happens fairly often here, accountants will try the craziest shell-games to avoid as many taxes as possible (for their clients); if it works the rich guy gets richer. If not, they're SUPPOSED to suck it up and pay.

@Tim

"Those in the top 1% of income pay 40% of the income tax revenue in the U.S.,"

But I just wikipedia'd it, and the top 1% make 15% of the US income. And, at that, the top 1% starts at about $250,000/year... I'm wondering what the top 0.5% or top 0.1% make? I'm guessing the guys at $250,000 are not quite high enough to get into the serious tax dodges (and pay a lot of that 40%) while those making millions get out at quite a low tax rate.

re: The rich are thoroughly soaked 

Posted Monday 29th September 2008 10:20 GMT

Not if the top1% are earning 60% of the money. Paying 40% of the tax in that case means that the poorest 99% are earning 40% of the money and paying 60% of the tax.

Soaked in gin, more like...

more likely 

Posted Monday 29th September 2008 18:58 GMT

Paris Hilton

than not the richest ones also have access to all the best tax dodges and really aren't paying a dime. Just like corporations whinge about their taxes but you don't see them whinging about all the special tax writeoffs they get....where's the fun in that?

Paris, 'cuz even she knows the dodges.

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