Get paid to be a snitch!

Money - Fists full of money
@joanana (770)
United States
March 31, 2007 4:01am CST
For those of you looking to earn some money the government would like to help you. All you have to do is snitch out your family, friends, employer, neighbors, or fellow co-worker and you get a 15% to 30% cut of what they owe. Don't believe me? Read the article: http://articles.moneycentral.msn.com/Taxes/Advice/RatOutYourNeighborsGetPaidByTheIRS.aspx So would you do it? Would you rat out someone in order to make some extra money? Here's one thing that most people probably won't take into consideration though when they do this. That money you get awarded when you snitch out someone becomes taxable income to you and since the amount the person owes has to come out to at least $2 million (including penalities and interest) that is going to be a hefty amount you might be getting. What happens when you report your boss and an investigation reveals he/she owes $47 million in back taxes, penalities, and interest? If you get 30% percent of that than that is a lot of money that becomes taxable income to you when you file next year. More than likely you might find yourself oweing then. So who really wins? You or the Government?
2 people like this
3 responses
• United States
5 Apr 07
I know I couldn't turn anyone in for something like this, as bad as it may be. But is it really all bad? If the government steals from us, why not steal it all back? I think I could only turn someone in for something like Social Security fraud (and I did turn in my ex boyfriend's parents for this). As mean as I've been told I am for doing that, claiming children who you do not support and who don't even live in your house just for the extra money is wrong. It's bad enough that when I'm old enough to retire, Social Security won't be enough (if there even is any, and it's been predicted that there won't be).
1 person likes this
@joanana (770)
• United States
5 Apr 07
It's almost a fact hun, there won't be any social security by the time we're hold enough to get it. If you check the SS site they will even tell you what age you have to be when you can withdraw it. Our generation won't be allowed to withdraw social security until our late seventies. Who amongst us is going to live that long in the workforce? IRAs are the way to go. But I digress. Turning in someone who pissed you off or whatever. I cannot really find fault there. It appears to be a case of just deserts so to speak. But my main gripe is that the general public is pretty ignorant when it comes to things like this and so when they turn in that boss, neighbor, or coworker for the big bucks it's going to come back and smack them in the face the following year. The IRS is carefully not mentioning this possibility to the populace. Why? Divide and conquer.
@honeyangel (1992)
31 Mar 07
we have that over here in the uk aswell,i would never snitch on someone,the way i look at it the goverment is stealing our money in taxes that are to high,stealth taxes that people dont know that you are paying for.
1 person likes this
@joanana (770)
• United States
31 Mar 07
Right on! Why should we rat each other out when the government is always taking our money as it is? In the end the snitch doesn't get much "profit" from it anyway. Despite the so-called anonymity people will find out and then the snitch severs ties. To top it off the snitch now as even more taxable income and without the deductions necessary taken out. So who really won?
• United States
31 Mar 07
Im not doing the govt's. job for them. They should be a shame for even implementing such a dumb idea. With all that they have in their arsenal, you cannot tell me they do not have the ability to go after "evaders". Besides, today you are working with them, tomorrow they turn their arsenal on you and come after you! We have seen it time and again through out history. No, if want the money then they will just have to hire some more agents. This is the end result of labeling everything as "bureaucratic" and just slashing across the board; they ended up slashing some s- they now need.
1 person likes this
@joanana (770)
• United States
31 Mar 07
Oh I don't doubt that they have the ability rather I think this was implemented as a means to cut back on the resources they were forced to expand in order to track down evaders. Before the IRS was forced to prioritize and go after those they deemed a significant threat. Now with the implementation of this program they can get people to do their dirty work for them and since only some will get a cut of the profit it saves them time and money. There will always be people though that are willing to do whatever it takes to make an extra buck or two.