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IRS Reports 40% Surge In People Underpaying Their Tax Bills

IRS Reports 40% Surge In People Underpaying Their Tax Bills

Paying taxes is just about as much fun as a root canal.  As such, apparently more and more people are just deciding not to do it.  As the Wall Street Journal points out today, the IRS saw a 40% surge in returns that owe tax penalties between 2010 and 2015.

For reasons that aren’t clear, a growing number of people who pay taxes quarterly are getting their payments wrong and incurring penalties as a result. These taxpayers often owe estimated taxes because they have income that’s not subject to the same withholding as wages earned by employees.

 

Rachel Maddow Obtains Trump's 2005 Tax Return; White House Slams MSNBC For "Violating The Law To Boost Ratings"

Rachel Maddow Obtains Trump's 2005 Tax Return; White House Slams MSNBC For "Violating The Law To Boost Ratings"

Five months after President Trump's 1995 tax return cover-page was leaked to The New York Times, and one week after The New York Times' Nick Kristoff urged IRS employees to illegally leak Trump's tax return, MSNBC's Rachel Maddow dropped a somewhat shocking tweet-bomb (if it's true)... "we've got Trump tax returns... (seriously)" and she will reveal them at 9ET tonight.

NYT's Nick Kristof Urges IRS Employees To Illegally Leak Trump's Tax Return

On Sunday evening, the New York Times' columnist Nicholas Kristoff urged IRS employees Sunday to break the law, and leak Donald Trump’s tax returns to his publication: “If you’re in IRS and have a certain president’s tax return that you’d like to leak, my address is: NYT, 620 Eighth Ave, NY NY 10018,” Nicholas Kristof wrote on Twitter.

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