IRS Steals $29,000 from Innocent Dairy Farmer
Video Statistics and Information
Channel: InstituteForJustice
Views: 74,258
Rating: 4.8625102 out of 5
Keywords: IJ, Institute for Justice, Freedom, Liberty, Individual Rights, Constitution, Constitutional Law, Unconstitutional Law, Con Law, Constitutional Litigation, Internal Revenue Service (Government Agency), Cow, Farmer, Dairy Farming, Randy Sowers
Id: HDBrdx-ntks
Channel Id: undefined
Length: 2min 26sec (146 seconds)
Published: Thu Jul 16 2015
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I saw a similarly stupid story. You know how any deposit over $10k is subject to extra scrutiny and reporting? It's also illegal to purposely deposit less than $10k at a time in an attempt to get around these regulations.
I read about a person with a cash business who who had their business account seized and was accused of structuring in order to get around the $10k money laundering regulations. Turns out their business just made less than $10k every deposit period and so it just appeared that way. Cops didn't care, they seized it anyways.
Slowly but surely. Reasons like this are why crypto will take over.
Undeclared earnings = black money. The fucing governments send armed men after you if you do not consent to being robbed.
My question is, was he declaring all the money on his taxes?
"A society that robs an individual of the product of his effort, or enslaves him, or attempts to limit the freedom of his mind, or compels him to act against his own rational judgment ... is not, strictly speaking, a society, but a mob held together by institutionalized gang-rule" Ayn Rand
crypto. the answer to the financial problems of terrorists, drug lords, and tax evaders.
So tax evading dairy farmers are now being described as "innocent"?
Using crypto is like using cash (dare I say, Bitcoin Cash)?
You're still supposed to pay tax on what you earn. In fact, it's much easier to track your crypto than fiat, so if you don't pay tax on your crypto, you can probably expect your assets seized by the IRS.
Link to article please.
No such thing as innocent dairy farmer.