I.R.S. to Offer Deal to Tax Evaders

[TheCoxwain]

Source: NY Times

The Internal Revenue Service, under pressure to bring in money to the faltering economy, plans to give offshore tax evaders a big break.

The agency has drafted a plan that significantly lowers a penalty that applies to wealthy Americans who hide money overseas in secret accounts, a person briefed on the matter said Thursday. The plan is designed to lure out of hiding scores of wealthy people who must come forward and declare their accounts in order to take advantage of the lower penalty.

The plan was developed amid a widening investigation into wealthy American clients of UBS but will apply to clients of other banks as well.

Read more: http://www.nytimes.com/2009/03/27/business/27tax.html?_r=1&hp

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SERIOUSLY .. WTF????

Why shouldnt you throw these bums in Jail for good? I cant think of one good reason, can you?