Sunday, September 16, 2012

Snitch Gets $104 Million of Your Tax Money!

PHOTO: This undated handout photo released by the National Whistleblowers Center, shows former UBS employee Bradley Birkenfeld who was awarded $104 million by the IRA for providing information about overseas tax cheats ? the largest amount ever awarded by

I’m all in favor of bounties for individuals ferreting out fraud and corruption, and having the guts to come forward. I am not, however, a fan of outrageous, lottery-winner like payments like this one: $104 million by the IRS. The kicker (as if $104 million wasn’t enough): the snitch himself got 31 months in federal prison for his role in the tax evasion scheme.

That’s your IRS at work, ladies and gentlemen. $104 million!!!! Indeed, the IRS’ position is wholly unconvincing.

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