Join Date: Nov 2012
Location: SOUTH/SOUTH EAST/ COASTAL OUTER BANKS
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From the article " Government Accountability Office (GAO) estimates that this type of misclassification resulted in an estimated $2.62 billion tax loss annually". This statement is down hilarious,the government borrows 67 billion everyday just to keep this broken arse government a float.
They first have to deal with all the IC's the government uses itself first.
No way to deal with all the IC's that are in the system now,plus the fact that so many are trying to avoid taxes now because of the down turn in the economy....They got their hands full thats for-sure.
Going after the under ground economy would be far more productive,but who says the government should be productive....
Fact is contractors are to sign a agreement to the fact that they are IC's in every way, training, supply's, tools, insurance.