How should these rich people be punished?

Question

On the nightly news, they talked about how 19,000 rich Americans have offshore accounts to hide their money from being tax. The USB (Swiss Bank) is hiding most of their money. A former employee who turned on them and is cooperating with the IRS, explained how these Americans do it. He gave up names he knew, but not all. He is now in Witness Protection. Swiss Bank officials and a few of these Americans were called before Congress. All plead the 5th. The scheme sorta goes like this, they hide a portion of their wealth, in shell companies, under code names, and with encrypted computers. It goes through several countries before in winds up in Swiss bank accounts. The estimate tax amount is 18 billion. That's alot of money. The Swiss bank is shutting down this type of operation, but has not release names. The IRS is putting pressure on them to do this, if they want to remain in the US. This is economic terrorism, do you agree? What should be done?

Answer 1

Those who break the law to the tune of millions of dollars should do some serious prison time.

I don't see any terrorism on either side of this.  Switzerland has its laws, and the US is free to have its own.  If the US thinks dealing with the Swiss Bank is contrary to US interests, it is free to keep it out of the US.  Both sides are practicing Capitalism with an eye to their own best interests.

Answer 2

Just publish the names and addresses and be patient.

Answer 3

FIRST.....I am not advocating that anyone cheat on their taxes. Even though I get VERY angry at how my government spends those tax dollars.....or should I say "wastes" those tax dollars

SECOND......I would say most people cheat on their taxes.....it is just a matter of degree.....

THIRD..... Off shore accounts.....or hidden in you sock drawer.... did you pay taxes on the last yard sale you had......that was "income"???

FOURTH.....The IRS is ruthless.....trust me.....having felt their rath over a simple mistake......these people will get ample "punishment"

FINALLY.....18 BILLION..... sounds like a lot of money.......Do you know we gave MORE than that to the Philippines in one gift..... we gave more than that to many Middle Eastern countries......FREE......and then those countries voted against us in the UN 80% of the time ????? 18 billion is chump change to the government

Answer 4

I have no sympathy for them I have very low income compared to them and I pay my taxes.

Answer 5

The wealth of these people is already taxed way too high. What is wrong with benefiting from your labors? There are so many loopholes in taxing now, would you not use them to keep some of your money?If the government took 75% of your income, how much would you have left to put into savings and 401k programs? They should be treated fair and equal as the rest of us lower income workers.

Answer 6

If taxes weren't so ridiculously high, people wouldn't cheat. Government steals our money by force. We little people can't cheat. But we would if we could. s***w the government.

Answer 7

There should be a special tax for anyone who has an offshore account. I work at minimum wage, and think that these people hoarding their money is righteously unfair to the rest of us.

Answer 8

You are just mad you dont have the power or the assets to do it yourself thats the only reason you are so mad about it and yes i am a millionaire and yes I have an offsore bank account for tax reasons but so what

Answer 9

There's only one punishment, they should toss the salad.

Answer 10

take away their iphones and put a stop on their beauty treatments including surgeries, they'll go vegetables.

Answer 11

The money they are banking with  the Swiss is the residual from the tax cuts that Bush thinks is important to the economy.