Re: Why I Pay Too Much in Taxes

[Duncan Frissell <frissell@panix.com>]

At 03:49 PM 5/6/96 EDT, E. ALLEN SMITH wrote:
>From:	IN%"frissell@panix.com"  "Duncan Frissell"  5-MAY-1996 08:56:32.33
>
>>Even though the population of those who regularly violate federal tax laws
>>is smaller (20 million?) the records show that even for this population the
>>odds of being convicted are approximately the odds of being murdered.
>
>	However, are you controlling for level of income? The IRS is a lot
>more worried about TCMay committing tax fraud than they are about me committing
>tax fraud; my income taxes are a lot closer to 0 than his.
>	-Allen
>

Actually, as a percentage of income, tax evasion is probably more prevalent
among the poor than the rich.  Because they are less exposed.  Studies of
spending show that the poorest 20% of Americans spend twice their reported
income.

DCF