This week we have another article from CNNmoney.com the article is titled “IRS cracks down on millionaires”. The article was written by the same author of last week’s blog entry Blake Ellis. This is his second week in a row discussing the topic of taxes. Last week Ellis discussed who the cheaters on taxes are. This week he discusses how the IRS will “crack” down on the millionaires when they file taxes.
The article first discusses some facts on the taxpayers making between five million and ten million dollars a year. Next it goes over how they rich are able to afford to pay for better tax preparers. Some of the ads on the sides of the article dealt with easiest ways to file your taxes and other articles dealing with taxes and people who cut taxes. The author uses credible sources and highly approved people for his facts and quotes throughout the article.
The average American is not rich; also the average American does not cheat or try to find small tax breaks in the system. Even though the rich Americans have plenty of money they feel that they should be exempt from taxes or should catch a break. In reality the more money you make the more taxes you can afford to pay instead of trying to make the less fortunate Americans pay. Do to this the IRS is cracking down on millionaires and billionaires when their taxes are done.
The IRS will be performing more audits this year to try and catch the people trying to find a hole in the tax forms, these are known as loopholes. The rich are able to pay for better tax preparers, unlike the average American who are limited and may use Turbo Tax or Jackson Hewitt. This issue has become very popular over the past couple of years in the United States. Perhaps this is why the United States is known for its greediness.
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