Bylimet Spiritwalker
07-23-2006, 10:13 AM
Once again, the New York Times has exposed one of the Bush administrations secret programs. This time, however, the purpose is more insidious than the tapping of phones or following financial records. According to Sharyn Phillips, a veteran IRS estate tax lawyer, this is "a back-door way for the Bush administration to achieve what it cannot get from Congress, which is a repeal of the estate tax."
Yes, the Bush admistration is cutting estate tax examiners from the IRS, according to documents provided to the NY Times by IRS staffers opposed to the cuts. These cuts will eliminate nearly half of the lawyers inside the IRS who audit returns of some of the wealthiest Americans when transfers of parts of their fortunes to children and others are involved.
Kevin Brown, an IRS deputy commisioner, confirmed the cuts. He also stated that these are some of the most productive workers in the IRS that are being cut, citing numbers that for each hour worked they find an average of $2,200 in taxes owed.
Six years ago the IRS stated that 85% of large taxable gifts audited were short-changing the government; and, in the past five years IRS and the Treasury have told Congress that cheating is a major and growing problem among the highest-income Americans who are using more complicated schemes to hide and understate wealth.
Brown stated the staff cuts were ordered because fewer people will be obliged to pay estate taxes under the Bush proposed legislation.
And the rich just get richer.......
Yes, the Bush admistration is cutting estate tax examiners from the IRS, according to documents provided to the NY Times by IRS staffers opposed to the cuts. These cuts will eliminate nearly half of the lawyers inside the IRS who audit returns of some of the wealthiest Americans when transfers of parts of their fortunes to children and others are involved.
Kevin Brown, an IRS deputy commisioner, confirmed the cuts. He also stated that these are some of the most productive workers in the IRS that are being cut, citing numbers that for each hour worked they find an average of $2,200 in taxes owed.
Six years ago the IRS stated that 85% of large taxable gifts audited were short-changing the government; and, in the past five years IRS and the Treasury have told Congress that cheating is a major and growing problem among the highest-income Americans who are using more complicated schemes to hide and understate wealth.
Brown stated the staff cuts were ordered because fewer people will be obliged to pay estate taxes under the Bush proposed legislation.
And the rich just get richer.......