AUSTIN, Texas -- Did anybody vote for this stuff? I mean, aside
from Congress.
Just to make Tax Day even more exciting than it usually is, we
have been treated to a series of recent reports that the Internal Revenue
Service is busy cracking down on poor folks, while letting an estimated 1
million rich folks and corporations move to Bermuda to avoid taxes.
If you are a worker poor enough to apply for the Earned Income
Tax Credit, your chance of being audited is one in 47. If you make over
$100,000 a year, your chance of being audited are one in 145.
This is not only unfair, but also stupid, on account of rich
people who cheat on their taxes tend to owe a lot more money than poor
people. Thus, their cheating leaves a larger hole in federal budget, which
all the rest of us then have to make up for by paying higher taxes. We also
pay through all that bad economic stuff that comes with big deficits about
which Alan Greenspan is always worried.
This situation came about during the unhappy reign of the