Are You Ready????????
Cash-strapped states using income audits to get funds
Speculation among local tax experts is that New Jersey’s and other states’ budget woes are driving not only the recent uptick in audits — one firm reports five times the number of audits in 2009 versus earlier years. They also say that the deeper probing by auditors makes the process longer and more costly.
HOW ARE THESE AUDITORS EVEN GETTING PAID TO AUDIT???? GOVERNMENT IS SMPLY BORROWING THE MONEY TO PAY MANY OF THEM......PRETTY SOON, AS ZOMBULATION GETS MORE SEVERE, TAX RECEIPTS WILL BE SO LOW MANY WILL ASK WHY IS THERE EVEN AN INCOME TAX?
Right now most of the income tax being paid is simply directly or indirectly from government payments.......
By cutting off the private economy from credit, there either is no need or no access for the private economy to borrow any more......as a result, the private economy is shutting down and income is evaporting.
Again, unless we restructure debt......SOON....there will be very little economy left to restructure.