So what do you make of the millions of people who don't file their taxes, and are not going to prison? The IRS mostly targets people who filed their 1040, and why is that? because on the 1040 you check a little box that says "Under penalty of Perjury" all information you WILLINGLY give to them is then scrutinized in such a way that if they think you lied, then you committed a crime.
I don't know about you but I don't like waving my 5th amendment willingly, or willingly giving them information that I don't have to give them. Maybe you can show me where it says you are guilty of a crime if you don't wave your 5th amendment rights, and file a 1040 cause I can't find it.
So what do you make of the millions of people who don't file their taxes, and are not going to prison?
I think it's estimated that only 5% of people don't file taxes. That's a pretty small percentage, all things considered.
And of that 5%, those that make below a certain amount (I think it's something like 12,000 a year for a single person and 25,000 a year for married filing jointly) aren't required to file taxes (per the IRS). I would think that a good many of the rest don't make very much, just going by statistics.
Basically, the IRS isn't going after that 5%, because there just isn't much money in it for them.
So what do you make of the millions of people who don't file their taxes, and are not going to prison? The IRS mostly targets people who filed their 1040, and why is that? because on the 1040 you check a little box that says "Under penalty of Perjury" all information you WILLINGLY give to them is then scrutinized in such a way that if they think you lied, then you committed a crime.
I don't know about you but I don't like waving my 5th amendment willingly, or willingly giving them information that I don't have to give them. Maybe you can show me where it says you are guilty of a crime if you don't wave your 5th amendment rights, and file a 1040 cause I can't find it.
I think it's estimated that only 5% of people don't file taxes. That's a pretty small percentage, all things considered.
And of that 5%, those that make below a certain amount (I think it's something like 12,000 a year for a single person and 25,000 a year for married filing jointly) aren't required to file taxes (per the IRS). I would think that a good many of the rest don't make very much, just going by statistics.
Basically, the IRS isn't going after that 5%, because there just isn't much money in it for them.
Just my opinion, obviously.