Daily Archives: January 9, 2012

Iran Sentences American to Death for Espionage

American Amir Mirzaei Hekmati, on trial in Iran for espionage, has been sentenced to death.

Iran’s semi-official Fars news agency reported that a court convicted Mr. Hekmati of “working for an enemy country … for membership in the CIA and also for his efforts to accuse Iran of involvement in terrorism.”

Mr. Hekmati, a former U.S. Marine, was arrested in August while visiting his grandmother and other relatives, his family in Michigan said last month.

 

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Filed under Crime and Punishment, International Justice, World

IRS Audits Targeting Millionaires

IRS building on Constitution Avenue in Washing...

Image via Wikipedia

The tax collector likely won’t be knocking at your door if you make less than $1 million.

In 2011, the U.S. Internal Revenue Service audited 12.48% of people who made upwards of $1 million, according to data the agency released Thursday.

That’s up from the 8.4% audited in that bracket the previous year and well above the 5.87% average examined from 2004 to 2009.

The audit rate for millionaires contrasts that of people making less than $200,000. Only 1.02% of that income group was audited last year, relatively unchanged from 2010.

For those making more than $200,000 the odds of being audited increase slightly to 3.93 percent, up from 3.1 percent in 2010.

The agency’s tiered auditing efforts also carry over to businesses.

Of the corporations with assets greater than $10 million, 17.64% were audited in 2011, compared to 16.58% in 2010. Of the corporations with assets less than $10 million, 1.02% had their books examined, up from 0.94% in 2010.

Via Dayton Business Journal.

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