30 September 2008

Landlords Are Crooks

At least an estimated 53% of individual taxpayers with rental real estate misreported their rental real estate activities for tax year 2001, resulting in an estimated $12.4 billion of net misreported income.

From here, citing a recent GAO report.

Also, keep in mind that in Colorado, where Colorado taxable income is a function of federal taxable income, that gaps in federal income tax enforcement cost Colorado money as well.

1 comment:

Dave Barnes said...

Good for those landlords.
Tax avoidance/evasion is next of godliness.