UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: spl241 Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734586  
Subject: New Morality In Tax-Cheating (?) Date: 3/6/2006 8:52 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
20 years ago--for several years running--my neighbor-firefighter got up at 5:30A on days off. He prepped used cars for a local dealership, getting $40+ for each car, depending on what he did. He said he could do 12-15 a day. I wandered over a few times and asked him why all this workaholism? "My son's going to college, something I never got to do, and he sure as hell isn't goin' on a fireman's salary. I get paid in cash." I didn't need to ask the why behind the payment method....

If you knew your neighbors cheated on their taxes, should you turn them in? More than 3/5 surveyed by the IRS Oversight Board said you should. The board provides oversight for IRS and found 62% of people surveyed completely or mostly agreed "it is everyone's personal responsibility to report anyone who cheats on their taxes." The year before, a slim majority of 53% agreed with that.

If there's really been a one-year 9% jump in tax-cheating morality, then why? The chairman of the Oversight Board thinks he knows:

"Taxpayers are mindful of corporate accounting scandals, mutual fund scandals, and big accounting firms and law firms concocting sophisticated, illegal tax shelters for their big, wealthy clients. That is calling to people's minds their own sense of...fair play and paying what they owe under the tax laws."

The Devil's Advocate in me tells me a possible different scenario. Given the taxpayer "mindfulness" of the intensity to ferret out dishonest big boys, might that spawn a mentality that Joe Sixpack isn't being targeted...that personal honesty can more safely "go on vacation?"

About 88% said it is "not at all" acceptable to cheat on income taxes. 82% said their personal integrity has a great influence over whether they report and pay their taxes honestly. The dean of social science at U. of CA, Davis, said his research shows that taxpayer honesty depends heavily on the belief that everyone else pays their fair share truthfully, too.

http://biz.yahoo.com/ap/060305/taxpayer_honesty.html?.v=1

I say bless the newly-sanguine American taxpayer. I guess I'm still stranded at Camp Curmudgeon, where the prevailing belief is that "personal integrity" can be temporarily lost but experience a quick recovery on April 16.










Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement