Thursday, May 8, 2014

Let’s focus on the deadbeats….


More than 8% of Americans are delinquent in paying their federal income taxes.

A recent piece on Yahoo Finance revealed this troubling data point. It ticks me off, because I always pay on time.


Hey, I get it, it's possible to make a mistake in filing your tax return, and there are some folks who deliberately underpay and wait to get caught.

OK, we’ll always have late payers, but 8.2 percent seems unconscionably high for "delinquent collections in process." Think of it this way: if you know 12 people, there’s a decent chance that one of them hasn’t paid all of his taxes.

The IRS has 100,000 people on staff, you’d think they should be keeping the delinquency rate lower. After all, our government borrows money to cover unfunded expenditures….

And by the way, that Yahoo story mentioned that 70% of IRS employees got a bonus last year. Nice work if you can get it....





1 comment:

  1. The bigger story is how many of the IRS workers are in fact delinquent on their own taxes Forbes says 1100, which is disgraceful. More interesting is how many Fed. employees are delinquent. No wonder most people want smaller government.

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