IRS Seizes $33,000 from Small Business Owner

Other discussions not related to the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
Bean
Executive Member
Executive Member
Posts: 389
Joined: Mon May 28, 2012 10:30 pm

Re: IRS Seizes $33,000 from Small Business Owner

Post by Bean »

Reminds me a lot of this youtube:

Last Week Tonight with John Oliver: Civil Forfeiture (HBO)
http://youtu.be/3kEpZWGgJks?list=UU3XTz ... 0rQbuvCtTQ
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.� ~Talmud
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: IRS Seizes $33,000 from Small Business Owner

Post by Libertarian666 »

MangoMan wrote: http://www.msn.com/en-us/news/us/law-le ... ar-BBbbfW3

The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
Absolutely. It is a crime to follow the letter of the law!
Post Reply