Comments on: Tax Trivia: Al Capone

By: Tweets that mention Tax Trivia: Al Capone | taxgirl -- Topsy.com

Tweets that mention Tax Trivia: Al Capone | taxgirl -- Topsy.com — Tue, 02 Feb 2010 11:37:18 +0000

[...] This post was mentioned on Twitter by Kelly Phillips Erb, TaxNewz. TaxNewz said: Tax Trivia: Al Capone [taxgirl] http://bit.ly/9rLELb [...]

By: Noel

Noel — Mon, 01 Feb 2010 02:19:41 +0000

Set a precedent.

By: mare anderson

mare anderson — Sun, 31 Jan 2010 20:54:03 +0000

The courts proved to Capone that taxes could be collected on “illegal” money. Capone was required to pay a penalty of $215,000 plus interest due on back taxes.

By: Joe Flory

Joe Flory — Sun, 31 Jan 2010 20:10:59 +0000

It laid the groudwork for the RICO statutes to become law.

By: Lauren

Lauren — Sun, 31 Jan 2010 18:50:55 +0000

It gave the federal government the ability to use tax fraud and money laundering as a way to put away criminals for crimes that they otherwise had managed to avoid being charged/convicted of committing.

By: Eric Gati

Eric Gati — Sun, 31 Jan 2010 18:48:48 +0000

In addition to my last answer, I’ll add this to make it a bit more complete: It would provide a template for the Justice department’s approach to terrorists and their accomplices.

By: Eric Gati

Eric Gati — Sun, 31 Jan 2010 18:44:00 +0000

It created a model for anti-terror policing.

By: J. Summers

J. Summers — Sun, 31 Jan 2010 17:08:40 +0000

Deterring people from tax fraud and paying back taxes

By: kc

kc — Sun, 31 Jan 2010 15:44:04 +0000

Same answer..
“Criminals and legitimate citizens alike began to pay the IRS for back taxes. In 1931, the year Capone was convicted, more than $1 million in unpaid tax filings were submitted. That was double the amount of the year prior ” Treasury Department.

By: Marc

Marc — Sun, 31 Jan 2010 15:36:25 +0000

It convinced other criminals and citizens to start paying all of their back taxes!. Over $1M!