Tuesday, September 30, 2008

US Tax System is Broken!

500,000 employees of the Federal Government are behind on their taxes. These employees and retirees did not pay over $3.5 billion in back taxes last year. The US Postal Service led the pack in having the largest number of delinquent tax paying employees. The Executive office of the president has 58 employees who did not pay $319,000 in back taxes last year. There were over 1000 workers employed on what is referred to as Capital Hill who made the delinquent tax payer list. About 152,000 of the federal workers went into payment plans with the IRS.

The interesting thing is that federal employees have income taxes deducted from their pay each check. It appears that these employees must have overstated the amount of deductions they have or something else to wind up owing the money. With the numbers being so high one could assume that the employees of the Federal Government do not take their obligation to pay taxes seriously. Maybe Washington DC should be chasing the pot of gold amongst the ranks of their own employees instead of harassing the offshore banking sector around the world. Simply shocking.

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