Here we go again!

“A one-time lawyer and certified public accountant has been indicted on criminal charges related to an allegedly fraudulent tax shelter that helped wealthy persons avoid paying more than $103 million in taxes”

Doesn’t it give you a burn?

I mean, here we go, the people who can most afford to pay taxes are doing their damnedest to avoid paying even a nickel.

This comes from an article that appeared on line on November 17 of this year, written by Chad Bray of Dow Jones Newswires.

And back to our story, the culprit here at hand is one John B. Ohle III who was once a supervisor for Chicago’s Bank One, and then co-owner of Dumaine Group LLC also in Chicago.

Here’s the charges against him: conspiracy, five counts of tax evasion, and obstruction of IRS laws and procedures.

Now, want to feel pity for dear old John?
The prosecution is seeking $1.7 million, which includes his home in Illinois (one would imagine the home is quite grand), the condo in New Orleans, and his sports memorabilia collection (what’s he have, the Buffalo Bills hiding in his back room?)

There are several issues here, issues that wouldn’t be issues given Corney’s Model for a cash-less, tax-less economy.
First, it is the guy on the bottom rung of the financial hierarchy who ends up footing the bill for the wealthy jerks and their astute CPAs who cheat the system at every turn.
Second, think about the resources necessary to cheat the system, as well as to find and punish the cheaters.

My friends, the whole thing is what I call a totally dysfunctional economic system.

As a preview to a complete overhaul of the current tax system, I invite you to download my report “Done with Cash” for free, when you apply for it.

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