What is it with these adverts on the TV for law firms that can get your tax debt reduced? I don't understand how this set up works. The clients get themselves into tax debt, I can only assume by not paying the taxes that they owe. So they have a debt, according to these adverts sometimes as much as $500,000! What these lawyers seem to do is settle these debts for pennies on the dollar. The debtors end up paying off like 20% of the total debt.
Now I understand that sometimes creditors will accept a reduced figure just to settle, this is business so OK. But these people OWE MONEY! THEY HAVE TO PAY TAXES! Everyone else does, unless you are set for a position in the Obama administration (I don't blame Obama for this though, the honeymoon continues!). If these debts have grown so high because of unreasonable penalties and fees I am fine with these being reduced but the amount of taxes owed shouldn't change. People shouldn't be able to avoid paying their taxes only to pay a reduced sum at a later date, that is not right! Taxes, although annoying and somewhat high, are necessary and improve the world in which we live. So pay up people! OK rant over!
Aren't puppies cute...
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