Yahoo! News - Study: Tax Changes Could Raise Billions

WASHINGTON - Abusive tax shelters, inflated deductions and other misdeeds cost the U.S. Treasury little when compared with money lost because some employee benefits and wages escape taxation.

The government could collect $164 billion more in tax revenue over the coming decade if it changed laws that exempt some employee benefits from the taxes that pay for Social Security (news - web sites) and Medicare, according to a study released Thursday by the congressional Joint Committee on Taxation."

SOURCE: Yahoo! News - Study: Tax Changes Could Raise Billions: "By MARY DALRYMPLE, AP Tax Writer



It is as I said in my previous post. That which starts out as Good, is often, Perverted!