No one really likes paying taxes, but few people actually go far enough to cheat on them. Although it seems like the media is constantly reporting cases of tax evasion, fraud etc., (this week it was Lindsey Lohan) tax-cheaters are few and far between; only 7% of Americans say they would cheat on their taxes*. Among those who do, they share some common characteristics. So if you have a friend, co-worker or loved one who you’ve suspected of being in this rare group, check out the infographic below to see if they fit the mold.
*Although only 7% say they would cheat on their taxes, the think tank DEMOS estimates that the government collects just 85% of revenue it’s owed, resulting in a $385 billion loss last year. A 15% short-fall doesn’t necessarily mean 15% of taxpayers cheat, but it’s likely that the total percentage is a bit higher.
JDKatz, P.C. is a full-service law firm focused on tax law and estate planning. We are dedicated to minimizing your existing liability and risks while providing valuable tax planning to streamline your tax issues in the future. Please call us at 301-913-2948 to schedule an appointment to meet with one of our trusted attorneys.
- Once a Cheater, Always a Cheater? (scott-williams.ca)
- TurboTax – Top 10 Tax Deductions You’re NOT Taking (turbotax.intuit.com)
- Geithner Predicts Republican Fold on Tax Hikes (joyoftaxlaw.com)
- Week In Review: 12/2 – 12/7 (joyoftaxlaw.com)
- With Election Over, Tax Reform Re-takes the Stage (joyoftaxlaw.com)