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BAR[_2_] BAR[_2_] is offline
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First recorded activity by BoatBanter: Jun 2008
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Default Where The Tax Cheats A Top 5 Metro Areas

In article , says...

On Tue, 16 Apr 2013 23:09:05 -0400, Wayne B
wrote:

http://abcnews.go.com/Business/cities-tax-cheats/story?id=18958747&google_editors_picks=true#.UW4Mb ErlXQo

Interestingly enough sole proprietors in and around the Washington, DC
area were high on the list, as were members of trade associations or
labor unions.


The biggest tax cheats are the huge corporations that funnel their
profits overseas.


Corporations are not pulling their profits from overseas operation into the USA because of
double taxation, by the country where the profits were made and where the profits pulled into
the USA. No sane businessman would agree to having their $100 profit taxed at a local rate of
25% and then have that same $100 profit taxed at 35% resulting in converting their $100
profit into a $40 profit.