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The American Empire in a Changing World



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Thursday, April 19, 2012

Taxman: "Underground economy robs the state of Billions"

so does wall st, the fortune 500, the military industrial complex and the politicians and lobbyist.......

From Central Valley Business Times

"Counterfeiters, smugglers, illegal operators and others who make money in the so-called “underground economy” could be targets of a sort of state central intelligence agency that would pool information to catch tax cheats.
California is losing an estimated $8 billion in taxes every year to the underground economy, the state Board of Equalization says."



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