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Beware the IRkS

October 27, 2014

http://theweek.com/article/index/270692/speedreads-irs-seizes-womans-entire-savings-because-she-deposits-less-than-10000-at-a-time

Try justifying this one.  I doubt this is the only time it has ever happened, and I severely doubt there is any law to warrant seizing this money at all–as much as I doubt it shall ever be returned to the rightful owner, either.  Does it matter if she is ducking the law?  Not really, if there is a legal means for her to do so, and if the total in the bank account is a comparatively paltry figure like $33,000.  If the IRS is so hard up to steal this type of money from private citizens, I wonder what they expect to be able to pay for with it.  How is it worth the government’s investment of time and personnel if this won’t even cover a single agent’s annual salary?

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From → politics

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