"Businesses owe $58 billion in withheld taxes
More than a million and a half businesses owe the government about $58 billion in taxes they were supposed to withhold from employees' paychecks but never forwarded to the IRS, congressional investigators said in a report made public Monday.
The 1.6 million businesses owing income, Social Security and Medicare taxes from their payrolls as of September 30 last year included an accommodation and food service company that had failed to pay $12 million while the owner diverted business money to buy luxury cars, planes and a mansion in a foreign country, the Government Accountability Office found.
Oh, you mean like KBR?
A construction company that owed $2.5 million dating back five years was found to be underbidding contracts while using unpaid payroll taxes to subsidize losses. The $58 billion in unpaid taxes covers 10 years. Beyond that, a statute of limitations generally kicks in and the money is permanently lost."
Like the war loot has been PERMANENTLY LOST, 'eh?
Get ready for an IRS anal probe, America; we got WARS to PAY FOR and WAR LOOT to STAEL, dammit!
The ferocious costs of the Iraq and Afghanistan wars have virtually drained the U.S. Treasury and I learn now that the IRS has been handed its marching papers by the Administration to find and deliver to the aforesaid Treasury, as much money as they can squeeze from delinquent taxpayers. A new bill allows the IRS unlimited access to all American credit card accounts (the government is especially interested in people buying gold) and many, many Americans who are self-employed will be investigated thoroughly. A report just issued says that that there is at least $60 billion in unpaid taxes due...."
