It is white collar crime! Read more at alotfromlydia.wordpress.com.
“I have been under audit for almost fifteen years. I know a lot of wealthy people that have never been audited. I said do you get audited? I get audited almost every year.” ~ Donald Trump
Maybe that’s because other people pay taxes.
I have often complained about my personal experience as an employee who works for a major corporation that used this country’s flawed bankruptcy laws as a business strategy. The company I work for had billions of dollars in assets at the time it filed. That a viable company can manipulate bankruptcy laws that were clearly not intended for that purpose was eye opening for me. Why would they do it? Filing allowed the corporation I work for to bust union contracts, cut salaries 30%, decimate retiree benefits, renege on promises of fully funded pensions, it allowed them to break contracts with vendors, and they reaped a multitude…
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