Notes on the Atrocities
Like a 100-watt radio station, broadcasting to the dozens...

Monday, April 12, 2004  

It's not cheating if you don't get caught.

Since taking office, the Bush administration has repeatedly promised to get tough with tax cheats, saying it has ended a long slide in enforcement of tax laws.

But an independent analysis of new Internal Revenue Service data released today shows that tax enforcement has fallen steadily under President Bush, with fewer audits, fewer penalties, fewer prosecutions and virtually no effort to prosecute corporate tax crimes. The audit rate for the 11,200 largest corporations, which pay nearly all corporate income taxes, has fallen by almost half over the last decade, as has the audit rate for unincorporated businesses.

The effect of this lack of enforcement is massive. Yesterday, NPR reported that losses due to tax cheating amounts to $300 billion a year; meanwhile, the IRS auditing staff has shrunk by 20% since 1992.

If you want a single metaphor of how money has corrupted politics, this wouldn't be a bad choice.

posted by Jeff | 7:54 AM |
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