Editor's Note
There is an article this week about 1.6 million businesses that
are in arrears to the IRS for withheld payroll taxes. This is
money that has been stolen from employees over a period of 10
years and not remitted to the IRS on their behalf. Our tax
dollars have been paying to cover these shortfalls because the
IRS doesn't have the resources to go after all of these
employers who steal from their employees when they can't make
ends meet. We as a nation let people go on shopping sprees and
amass credit card debt and then declare bankruptcy and walk
away; we let people acquire mortgages they can't afford and
then help them keep their homes; and we let employers get away
with taking money from their own employees. We're awfully nice
people. But why do we spend our money this way? What lessons do
we teach? There is an election coming up. Remember, the people
we elect make the decisions that affect how our taxes are used.
Best regards,
Gail Perry, CPA
Managing Editor
AccountingWEB, Inc.
editor@accountingweb.com
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