Not So Neutral Now!

I've always wondered what paying taxes is like for the rich?... For instance, when I do my taxes the amount claimed as earned income is barley reaching above poverty level, but I bet for my peers (only by age) like Paris Hilton, there's a lot more 0's after their 2's. So what's it like for entrepreneur Ms. Hilton to write a check to the IRS that I imagine should be more than I grossed all year? Because that's what I figure, that stars, rich business owners and others of their kind have to write a fat check to Uncle Sam every April. Unless they hide their money in offshore Swiss bank accounts?! Which we will soon find out when the auspicious UBS Swiss Bank reveals several hundred names who have done exactly that.



Facing indictment, UBS has agreed to open it's records and give U.S. authorities information on 19,000 U.S. citizens who are being investigated for tax evasion. UBS also has agreed to pay $780 million to settle the government investigation (this means that $780 million was a better deal than if authorities were to indict them and most likely take a whole bunch more from their piggy bank).



So I am eagerly awaiting to hear who didn't or couldn't head UBS's advice to liquidate assets, burn banking records, stash valuables in offshore deposit boxes, and all other CIA like maneuvers to disassociate themselves from UBS. Because while the majority of Americans are working long hours, struggling to pay mortgages, tuition, find affordable health care, retire, etc., these rich assholes think that they are above the law and don't consider themselves to be in the same pool as the rest of us law abiding citizens!



And I felt bad for not disclosing my $100 interest on my savings account?!



Reference: http://www.nytimes.com/2009/02/19/business/worldbusiness/19ubs.html?_r=1&hp