What the IRS Plans to Do in Case of a Nuclear War Will Leave You in Stitches
"Even if the IRS survives a nuclear war, I have a feeling that their employees who are sent out to collect taxes wouldn’t live for very long." Continue reading →
Bill Bonner: Trump’s Tax Plan Would Bankrupt the Empire
"Should we throw our bantam weight behind the president in search of personal gain? Or should we put on our Good Citizen lapel flag and rally round to save the country’s finances?" Continue reading →
Challenge Red Light Cameras, Get Fined for ‘Practicing Engineering Without a License’
"According to the board, Järlström's research into red light cameras and their effectiveness amounts to practicing engineering without a license. No, really. Järlström is now suing the state board over that fine, arguing that it's unconstitutional to prevent someone from doing math without the government's permission." Continue reading →
IRS deliberately targeted innocents for civil forfeiture program
"The Treasury Inspector General released a report this month that reveals that the IRS deliberately targeted people they knew were not engaged in structuring for millions of dollars' worth of seizures, such that 91% of seizures were made in error, taking money away from people engaged in lawful activity. These seizures were 'quick hits' that allowed IRS enforcers the rack up impressive resolution stats because the victims were happy to negotiate a settlement, as opposed to actual criminal acts. The result: for the IRS, depositing $10,000 or more was an inherently suspicious act; but so was depositing $10,000 or less." Continue reading →
Want to see how America is changing? Property taxes hold the answer
"In 2016, United Van Lines reported, New Jersey was the state with the most 'outbound' movers, followed by Illinois, New York and Connecticut. The top ten 'inbound states' included some with a higher tax burden, like #5 Vermont, but also Nevada and South Carolina, which rank #43 and #44, respectively." Continue reading →
DEA Seized $3.2 Billion From People Since 2007 Without Charging Any Crime
"Common red flags for passengers are 'traveling to or from a known source city for drug trafficking, purchasing a ticket within 24 hours of travel, purchasing a ticket for a long flight with an immediate return, purchasing a one-way ticket, and traveling without checked luggage.' DEA agents then detain and question travelers with large amounts of cash, and, if they determine the money is linked to drug activity, seize it, even if there is no hard evidence that it is connected to illegal activity. As the Inspector General notes, these agents 'rely on their immediate, on-the-spot judgment.' The passenger is then released, bereft of money but otherwise free to go." Continue reading →
IRS Seized $17 Million From Innocent Business Owners Using Asset Forfeiture
"The full scope of the cash seizures—and the overwhelming amount of cases involving innocent people—have not been revealed until now. The inspector general found money seized and forfeited by the IRS was legally obtained in 91 percent of a sample of 278 structuring investigations it reviewed occurring between fiscal years 2012 and 2014. Altogether, those funds totalled $17.1 million and involved 231 cases." Continue reading →
IRS Targets Cancer Survivor for Donations that Saved Her Life
"While the cancer is in remission, Charf is still struggling with the deadly disease – and is now being pursued by an equally deadly and persistent stalker, the Internal Revenue Service. A few weeks ago, the IRS sent Charf – who is now a mother – a notice claiming that the donations that had paid for her treatment were considered income, and demanding more than $15,000 in back taxes and more than $3,500 in penalties." Continue reading →
So, Sir Patrick Stewart Wants to Become a US Citizen?
"There are a few things you should know before taking the plunge. I am happy to assist you with your pre-immigration US tax planning. Just let me know when you would like an appointment. If instead, you feel more comfortable speaking to a fellow Brit, I am sure Boris Johnson will be able to tell you a few things about the US tax system (and most likely, why you should avoid it at all costs)." Continue reading →
Australia Joins The War On Cash While Venezuela Backtracks Cash Ban
Developed-world governments are joining their developing-world counterparts in governing by surprise and openly placing their citizens' wealth at risk through anti-cash messaging and actions. Continue reading →
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