Tuesday, April 13, 2004

Stroke the rich / IRS has become a subsidy system for super-wealthy Americans IRS winks at rich deadbeats

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In the late '90s, a crooked banker gave the IRS records on 1,600 criminal tax cheats who used his Cayman Islands bank. The Justice Department prosecuted 49 of them, but the other 1,551 were not even asked to pay, lawyers for some of them say.

Two billionaires in New York, the art dealer Alec Wildenstein and his former wife, Jocelyn, testified under oath in their divorce that for 30 years they never filed a tax return. They have not been prosecuted.

There are now seminars that show business owners how to drop out of the tax system with virtually no risk of detection by the IRS, which relies on a computer system installed when John F. Kennedy was president
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