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Across the nation, both state and federal governments have looked to higher cigarette taxes to compensate for revenue shortfalls due to the latest economic downturn. Although citizens dislike higher taxes, they tend to support higher cigarette taxes because they hope that the higher cost of cigarettes will pressure people to stop smoking. Strangely, legislators seem to secretly hope that the taxes have the exact opposite effect on smoking habits. Owing to the government’s need for revenue, the politicians stand to gain if people continue smoking and pay the additional taxes...
...isn’t nearly so elaborate. It’s as simple as lying on your tax returns. Most Americans’ returns are checked against records submitted by their employer. But Americans who are self-employed, or whose income derives from investments or partnerships—who tend to be wealthier than average—face no such scrutiny. The IRS, which has been kept on a shoestring budget for several years now, can only review one of every 400 partnerships. Well-off tax evaders have virtually no chance of getting caught...
...Credit (EITC), a program that helps working Americans stay out of poverty. At most, such cheating amounts to $9 billion a year. Yet on a per-dollar basis, the IRS has only a quarter as many employees investigating more than $300 billion a year of other fraud. (The eyes tend to glaze over when faced with numbers like these, but $300 billion a year is more than we spend on Medicare). In all, EITC recipients are three times more likely to be audited than those with incomes above $100,000. Why would Congress put such a disproportionate burden...
...reasonably funny, if somewhat unspectacular, attempt at humor by the YDN. Much more intriguing about the joke, however, is what it seems to say about how some Yalies view the world. In Jokes and Their Relations to the Unconscious, Freud points out that jokes tend to reflect inner desires, fears, wishes, and the like. What desires, fears and wishes does this joke seem to indicate exist in the collective unconscious of Yale—or at least the staff of the Yale Daily News...
...shirt, paisley tie. Business Man talks loudly in the airport terminal, to his wife, to his secretary, to himself. Business Man reads Business Week or Fortune 500. Glamourpuss has never touched these publications and therefore has nothing in common with Business Man. Flights next to men such as these tend to seem twice as long as they actually are. Especially if Business Man falls asleep. He always snores...