PBS Frontline: Tax Me If You Can

[Bozita]

Frontline

Thursday, February 19, 10:00pm on most PBS stations

Tax Me If You Can

The tax shelter was one of corporate America's biggest hidden profit centers in recent years. Shelters have become so lucrative over the past 50 years that the corporate tax rate has fallen to half its average, losing $180 billion a year. And ordinary taxpayers are footing the bill. FRONTLINE correspondent Hedrick Smith provides an inside look at how big corporations and wealthy individuals cut their taxes with intricate, hidden and abusive tax shelters, and investigates the role of blue chip accounting firms in these secret deals.

N In Stereo TV-Exempt (CC)
Ed. Taping Rights: 1 year

[Stephanie]

1. Great!

Have our candidates addressed this issue?

[FloridaPat]

2. Anyone here can do the same thing. You can start up a business

and take the expenses off your income tax. It's legal and ethical. Go on working vacations. Hire your children to work for you. There are hundreds of ways the average person can do this.

[slor]

3. Can you suggest a book or...

some other form of guidance, so long as ken lay is a free man, I'm gonna get mine!

[lovedems]

4. I saw an ad for this and it looks really good.

This is one area I definately need a little more knowledge. The tax systems confuses me beyond belief. I think it is suppose to have that effect.

[Kathy in Cambridge]

5. Kick-on right now

we are getting a smaller refund because these tax evaders are not paying their fair share! :grr: