Saturday, October 4, 2008

Saradise Lost - Chapter One Hundred-Five -- The Palin Tax Returns

Is the Anchorage or Alaska MSM press even capable of analyzing this, let alone willing? I somehow doubt they will be in the forefront of capable analysis, as this story unfolds.

We'll see, eh?

4 comments:

Anonymous said...

Do you think they will vet the next candidates, Phil? Like a year before the election? You don't mess with this stuff! If there is a question, pay the damned tax and if you get audited and they owe you, be pleasantly surprised!

Why would she do this? She was already high profile. You can't hide this stuff and lesser people go to prison over less!

Unknown said...

fin.admin.state.ak.us/dof/travel/resource/tax.pdf

"Per diem and other travel expense payments for most employees are nontaxable. However, they are only nontaxable as long as the employee is away from their tax home."

"Assignments made to get around the tax consequences to employees will likely be viewed by the State (and the IRS) as manipulative and retroactive tax consequences may result."

Anonymous said...

Another look at the per diem discussion:
http://preview.tinyurl.com/3txcwd

Anonymous said...

Retired IRS agent here. This must be included on their Federal return as income. In order for her to go to jail, the government would have to show that she knew it was taxable income and deliberately left it out. But an audit would most definitely add it to their income and assess penalties and interest.