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Thread: Slipping between the screens growing more risky

  1. #1
    God/dess Deogol's Avatar
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    Default Slipping between the screens growing more risky

    The federal government has begun what looms as the largest data center consolidation in history, hoping to dramatically reduce IT operations that are currently distributed among more than 1,100 data centers.

    In other words, it is going to become far more easy to cross reference different databases looking for people slipping between the government's radar regarding taxes and fees.

  2. #2
    Banned Melonie's Avatar
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    Default Re: Slipping between the screens growing more risky

    ^^^ very true. This also encompasses a major upgrade in 'hardware' i.e. processing speeds and data storage capability. Undoubtedly this will also encompass a major upgrade in 'software' i.e. automatic searches and comparisons based on the IRS receipt of 3rd party provided income and/or expenditure reports.

    As mentioned in dozens of other threads, such 3rd party provided automatic reports to the IRS definitely result when ...

    - a person works at a paycheck job ( W2 )
    - an independent contractor business receives payments from another business ( 1099 - misc )
    - a student pays college tuition
    - a student's family files for student loan / grant money
    - a person earns over $100 in bank account interest
    - a person spends more than $10,000 cash on anything ( actually as low as $3,000 in some states)
    - a person earns dividends or capital gains from assets in a brokerage account ( 1099-div )
    - a person registers a real estate mortgage deed transfer ( buys a house or condo)
    - a person registers a car, boat, motorcycle or other title transfer ( buys a car etc.)
    - a person purchases $1,000 worth of money orders in a single day

    In addition to the above, the IRS has already created, and will probably refine as a result of this upgrade, a database of 'typical' costs of iiving in any zip code area. The 'typical' cost of living data is a composite of local prices for food, rent, utilities, sales taxes, property valuations = mortgage payments etc. which apply in that specific zip code area. This data is used as a basis for the IRS to determine how much in the way of earnings is necessary to simply pay normal costs of living, which can then be correlated with reported income levels and reported spending items. With greater computing power and a new census coming up, it is extremely probable that this database will be further defined and further broken down ( i.e. to the neighborhood level versus zip code area )


    Obviously the IRS already has network connections to the US inter-bank funds transfer network, to the credit reporting agencies, to state property title / vehicle registration agencies, to credit card companies, to college bursar's offices, as well as to individual banks and brokers and obviously to other federal agencies such as Fannie / Freddie / FHA or Sallie Mae or the US military. Thus if given 'probable cause' to dig deeper, IRS computers can automatically request virtually every bit of financial information about a particular person from any or all of these 3rd parties in a matter of a few minutes. And for X percent of tax returns, the IRS does not NEED 'probable cause' to dig deeper ... they simply go digging on the basis of performing 'random' audits.


    I would also mention that, along with appropriating funds for this data center consolidation / upgrade, the congress also appropriated other IRS funds. One such appropriation to the IRS was for the express purpose of adding agents to expand 'targeted enforcement' operations towards 'adult businesses' ... which under the IRS definition also includes strip clubs and exotic dancers. This of course raises the value of X percent of 'random' audits to be performed on people working in the adult industry.

    ~
    Last edited by Melonie; 03-02-2010 at 04:50 AM.

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    Default Re: Slipping between the screens growing more risky

    The IRS excepts most everyone to report all income, and with the growing concerns about our country's deficit bot the Federal and State Governments are looking for ways to close their ever growing budgets gaps, and we all know that they will not stop spending more money then they have coming in. I would see this at the Club all the time where girls would make $400 in and come to work broke. Not to say that all dancers do this. In my opinion dancers and cam girls should treat it like a business with reporting income and writing off expense. it is really not all that hard to do, and the IRS website does offer a lot of guidance on their website. There are more advantages to reporting your income, other then the fact that you will not end up owing back taxes for the last how many other years, but it also offers you some proof of income. This will come in handy if you need to apply for a loan and many other things. it's better off to just file your income then not
    Eric Little
    I Can Tell You Wanna Studios
    http://www.icantellyouwanna.com

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    Default Re: Slipping between the screens growing more risky

    As someone who has earned nothing but W-2 and other "reported income" IE interest anything the government does to make the tax cheats pay wheter it is cheating by "pretending not to make" X amount of cash paid out to un-named and possibly not real individuals, and or keeping all rest and saying "I lived with my BF and he paid all the bills" a BF who is always conviently just broken up with and she has no idea how to reach, when the truth is anything but that, to the rich tax cheats with their swiss bank accts that are accessable at your corner ATM IE UBS or via the internet for any and all bills that can be paid that way or the ones that have decided that they would rather live like some mini-millionaire in Mexico or someplace because so far the goverment does not tax your "income" I am all for whatever it takes to make it where thre is no such thing as "tax free income".

    A LONG time ago I grew tired of all these "cash workers" be they wait staff, "small business owners" or dancers with their 100 and one excuses/reasons why because of some "it's so hard" aspect of their jobs they were somehow "entitled" to earned X grand a year "tax free"

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    Default Re: Slipping between the screens growing more risky

    Quote Originally Posted by phonehome View Post
    As someone who has earned nothing but W-2 and other "reported income" IE interest anything the government does to make the tax cheats pay wheter it is cheating by "pretending not to make" X amount of cash paid out to un-named and possibly not real individuals, and or keeping all rest and saying "I lived with my BF and he paid all the bills" a BF who is always conviently just broken up with and she has no idea how to reach, when the truth is anything but that, to the rich tax cheats with their swiss bank accts that are accessable at your corner ATM IE UBS or via the internet for any and all bills that can be paid that way or the ones that have decided that they would rather live like some mini-millionaire in Mexico or someplace because so far the goverment does not tax your "income" I am all for whatever it takes to make it where thre is no such thing as "tax free income".

    A LONG time ago I grew tired of all these "cash workers" be they wait staff, "small business owners" or dancers with their 100 and one excuses/reasons why because of some "it's so hard" aspect of their jobs they were somehow "entitled" to earned X grand a year "tax free"
    I have to agree with you I am a business owner and I don't have a w-2 income but i do file a my taxes and i do pay taxes too. There is really nothing wrong with writing off expenses every business does it just as any one that you worked but people do need to file taxs for many reason besides it's the right thing to
    Eric Little
    I Can Tell You Wanna Studios
    http://www.icantellyouwanna.com

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    Banned Melonie's Avatar
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    Default Re: Slipping between the screens growing more risky

    I am all for whatever it takes to make it where thre is no such thing as "tax free income".
    well, for starters, that would make it nearly impossible for states like California and New York to continue borrowing money with which to keep paying the salaries of gov't employees, teachers, cops etc. as well as to keep paying for welfare checks. At present, the primary mechanism used by these states is the issuance of tax free municipal bonds. These muni bonds are very popular with uber-rich state residents, since the interest earnings from muni bonds is legally free of both federal and state ( and even city ... if it applies) income taxes. These muni bonds are typically limited to uber-rich state residents as well, since the bonds carry a $50,000 or $100,000 price tag. However, it is possible for middle class budgets to partially take advantage of muni bond tax free income via the purchase of mutual fund shares ( or other fractional ownership techniques).

    Next, that would make it virtually impossible for developers to attract investors for 'green energy' businesses such as windmill farms, ethanol refineries etc. Under current law, partnership investors in such 'green energy' businesses are granted 'production tax credits' which they can in turn apply against taxes owed on income from 'normal' sources. The same type of tax credit gov't incentive applies to certain real estate partnerships ( specifically, low income housing) and certain other investments that the US gov't wants to 'encourage'. And again, participation in such tax credit producing investments is typically limited to the uber-rich due to the high 'price tag' involved.

    As to secret Swiss bank accounts ( or banking in any other country that won't share financial info with the IRS ), there are really two issues that need to be separated. One is the use of offshore secret bank accounts to avoid having to pay taxes on money secretly 'skimmed' from US income sources. This has been used by many US investors / business owners to under-report their US investment / business income to the IRS ( by skimming off 1/2 the business / investment profits and secretly transferring them to an overseas account). I totally agree that this is evasion of legitimate US income tax liability and should be stopped.

    However, consider that US citizens who have investments in foreign countries / foreign businesses are also required under current law to pay a US income tax on that foreign income. America is about the ONLY country in the world that attempts to charge such a tax on the foreign incomes of its citizens residing in foreign countries !!! From a global viewpoint, attempting to assess such a tax amounts to America over-reaching its own sovereign borders and intruding into the domestic (tax) affairs of foreign countries. Arguably this amounts to either double taxation of US citizens, or the US gov't depriving a foreign country of the ability to tax US citizens residing in and earning income from that foreign country. This is a far different situation, financially speaking, from an uber-rich American still living in NYC or LA ( and still using US gov't provided services ) but escaping 1/2 of their legal US tax burden by siphoning off a portion of their income to secret offshore bank accounts.

    ~
    Last edited by Melonie; 03-06-2010 at 04:14 PM.

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