Coming soon!

Coming soon!

Wednesday, October 29, 2014

Abolish the Income Tax and IRS

For some time now we’ve lived with the scourge of civil asset forfeiture, under which the police can seize a person’s property on the mere suspicion it was used in a crime and without having to charge the owner with an offense. Since the authorities have no burden to prove guilt beyond a reasonable doubt, the burden of proving innocence falls on the hapless citizen who wishes to recover his property.
Amazingly, people describe as free a society that features this outrage.
Now it comes to light that the Internal Revenue Service does something similar. The New York Times reports that the IRS seizes bank accounts of people whose only offense is routinely to make deposits of less than $10,000. If you do this enough times, the IRS may suspect you are trying to avoid the requirement that deposits of $10,000 or more be reported by the bank. The IRS keeps the money, but the depositors need not be charged with a crime.
You read that right.
Read it here.

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