If You Own a Ferrari in Italy the Tax Man Cometh

Well, it seems that Europeans are finally understanding that increasing their revenue means going after tax cheats. It seems that Italy has a very long history of people not paying their taxes to the government and they seem to be driving Ferraris.

A widely reported tax blitz in January on Cortina D'Ampezzo, the winter playground for the rich and famous, received widespread support from Italians. Tax authorities looked into the owners of 133 Lamborghinis, Ferraris, and other luxury cars and found nearly a third of the owners declared incomes of less than $30,000 per year – a laughable amount, considering not only the cost of their cars but the $8.95/gallon cost of gasoline. 

In other words these guys who reported to be making less than I am are driving around in $100k cars burning $8.95 a gallon gas. Yeah they are hiding their income alright.