Those Cheating On Their Taxes

Wealthy Americans are concealing large amounts of income from the I.R.S. There is a very easy way to fix that. When During World War II, the federal government started withholding income taxes from workers’ paychecks. The withholding system remains the cornerstone of income taxation, effectively preventing Americans from lying about wage income. Employers submit an annual W-2 report on the wages paid to each worker, … Continue reading Those Cheating On Their Taxes