Friday, December 8, 2006

Tax Crimes

Tax evasion is a seriuos crime.Fraud laws make it a federal or state crime to purposefully avoid payment of federal, state, or local taxes, whether those taxes are a personal obligation or that of a business entity. Many people try to evade paying taxes which can result in penalties such as fines, incarceration, and asset forfeiture. It is our obligation as citizens to pay taxes that help pay for and maintain things such as road work, schooling, social programs, health care. Some people don't like the idea of their money being spent on these things so they find ways to avoid paying taxes. When caught they pay heavy fines and face incarceration possibility. There are ways to use our tax dollars in different venues, like retirement, charities and college tuition. These are legal ways of diverting tax payment.

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