A weird (and perhaps on-topic) item in today's Tax Notes Today.
On October 15, the Social Security Administration released wages statistics for 2009, and reported that the wages earned by the top-paid people had increased five-fold, from average earnings of $91.2 million for the top 131 earners in 2008 to an average of $518.8 million earned by 74 people in 2009.
The SSA then looked more closely at the numbers, and realized that two people had filed multiple Forms W-2 reporting a total of $32.3 billion in wages. After examination, the SSA determined that the forms were false.
Taking that $32 billion out of the calculations reduces the top earners from an average of $518 million to "only" $84 million, and caused other significant changes to other wage statistics for 2009.
Apparently, no one has yet figured out whether the false filings were a prank or part of some kind of scam or fraud.
$32 Billion in Wages? For Two People?
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LPC
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$32 Billion in Wages? For Two People?
Dan Evans
Foreman of the Unified Citizens' Grand Jury for Pennsylvania
(And author of the Tax Protester FAQ: evans-legal.com/dan/tpfaq.html)
"Nothing is more terrible than ignorance in action." Johann Wolfgang von Goethe.
Foreman of the Unified Citizens' Grand Jury for Pennsylvania
(And author of the Tax Protester FAQ: evans-legal.com/dan/tpfaq.html)
"Nothing is more terrible than ignorance in action." Johann Wolfgang von Goethe.
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Re: $32 Billion in Wages? For Two People?
Maybe they wanted a refund of excess FICA?
Were there any delusional 1099-OIDs associated with this?
Were there any delusional 1099-OIDs associated with this?
All the States incorporated daughter corporations for transaction of business in the 1960s or so. - Some voice in Van Pelt's head, circa 2006.