Playing Tax Games

Uncle Sam is losing billions to artful dodgers

The income tax has made more liars out of the American people than golf has.

—Will Rogers

Hal is one of a flourishing new breed of tax liars that Will Rogers never dreamed of, and his nose, like Pinocchio's when he lied, should be growing longer and longer. When he files his income tax return next week, Hal will report virtually none of the $25,000 he made last year as a self-employed carpenter in the Boston area. For the past three years, Hal and his wife have...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!