Tar and feathers
So, a man keeps less than $10K on hand and deposits money before then. The IRS thinks it looks like he’s trying to avoid federally mandated reporting on transactions over $10K and takes all his money. Since it’s the IRS, I be he’s a conservative too.
October 1st, 2013 at 10:51 pm
I wondered today why no one of import has been pushing the flat tax since the IRS scandal broke. The most effective correction for the IRS is to make the tax code simple, removing their “discretion” in tax code interpretation.
October 2nd, 2013 at 11:41 am
Um, even a “flat” tax might not be all that good considering the number of blue and white collar people who currently do not pay (well, get a full refund [with no interest]} who might be badly hit.
Worse, of course, was reflected by the matter pointed out during the initial income-tax fight: paraphrasing, “Why, who knows, if we pass this one-percent tax it may someday climb to FIVE percent!”
October 2nd, 2013 at 12:05 pm
Not “A” flat tax, the Flat Tax.
October 2nd, 2013 at 5:24 pm
Might have been a Tea Party guy to!
Wise when withdrawing money to keep the receipt with the money so they can’t try an asset forfeiture shtick.
See in the last depression people learned to hide their money under the mattress. Well now days the government would take it under those laws.
And don’t laugh… as they get more and more hungry for $$$ they just might do that to anyone they suspect has money at home.
October 2nd, 2013 at 5:49 pm
John,
The only fair solution to our tax problems is a tax based on consumption. Expect that never.
October 3rd, 2013 at 4:29 pm
Other Steve — especially since we’d need to pass it with a Constitutional amendment to kill the income tax at the same time, lest we end up with BOTH at teh same time.