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Offline luckybit

IRS can now seize any account for any reason.
« on: October 26, 2014, 01:56:57 AM »

I'm sure Americans already knew the IRS has almost unlimited powers but if you didn't then read this:
Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required

http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html?_r=0
Quote
ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.

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.
Anyone who has downloaded a Bitcoin or Bitshares wallet could be targeted if someone at the IRS feels like it at the moment they deposit money into a traditional bank account.

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Offline Brekyrself

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Re: IRS can now seize any account for any reason.
« Reply #1 on: October 26, 2014, 02:14:45 AM »
Abuse of power is getting out of hand.  They are simply going after the working class who have no option but to re open their business at any expense to make a living.  Easy targets, easy money.

Another reason to crush the growth of crypto currency.

Offline donkeypong

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Re: IRS can now seize any account for any reason.
« Reply #2 on: October 26, 2014, 03:15:55 AM »
Yep. That's why you don't want trouble with them; they'll wreck you way before you get your day in court. The U.S. government also has been seizing cash that people bring in from other countries. In recent years, it has seized $2.5 billion from people arriving from Canada; the Canadian government recently warned its citizens not to take cash to the U.S. It costs more to get it back than people lose, so few people bother fighting it. Sounds like nice work if you can get it!

https://www.techdirt.com/articles/20140915/09500928521/canadian-news-outlet-warns-canadians-that-us-law-enforcement-officers-will-pull-them-over-seize-their-cash.shtml

Offline Riverhead

Re: IRS can now seize any account for any reason.
« Reply #3 on: October 26, 2014, 05:04:33 AM »
It actually gets much worse. Why go through all that when the police in the US can just rob you at gunpoint on the highway and spend the money on whatever the hell they want. "Pennies from Heaven" one police chief called it.

http://www.washingtonpost.com/opinions/tim-walberg-an-end-to-the-abuse-of-civil-forfeiture/2014/09/04/e7b9d07a-3395-11e4-9e92-0899b306bbea_story.html

http://www.columbiatribune.com/blogs/after_deadline/cpd-chief-ken-burton-s-pennies-from-heaven-mentioned-on/article_e7d0c9a9-8cd7-5c18-b23e-78d1ca8d7fb5.html

I'm thinking of putting a bumper sticker on my car, "This car contains no more than $20 cash".

Offline bitmeat

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Re: IRS can now seize any account for any reason.
« Reply #4 on: October 26, 2014, 06:37:35 AM »
Pretty good video on the subject:

https://www.youtube.com/watch?v=3kEpZWGgJks

Offline Riverhead

Re: IRS can now seize any account for any reason.
« Reply #5 on: October 26, 2014, 06:52:26 AM »
It's insane. Highway patrol are the new pirates.

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Offline mf-tzo

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Re: IRS can now seize any account for any reason.
« Reply #6 on: October 26, 2014, 01:12:40 PM »
just wow...I could have never imagined that a police officer may ask you how much money you have on you? If that happens in my country the answer would have been "why the f..k do you care, or not your business mate" and he could not have done anything about it.

So just to get this clear in my head..In the US if a police officer ask you how much money you have, you are obliged to tell them the truth?

Offline xeroc

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Re: IRS can now seize any account for any reason.
« Reply #7 on: October 26, 2014, 01:16:23 PM »
just wow...I could have never imagined that a police officer may ask you how much money you have on you? If that happens in my country the answer would have been "why the f..k do you care, or not your business mate" and he could not have done anything about it.

So just to get this clear in my head..In the US if a police officer ask you how much money you have, you are obliged to tell them the truth?
If that happend in germany - you could just simply shut up and and not continue to answer ANY of his questions ... they might take you to the police station to identify you .. but that's about it!
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Offline mf-tzo

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Re: IRS can now seize any account for any reason.
« Reply #8 on: October 26, 2014, 01:21:27 PM »
We are not that civilised and polite with the police in Greece. If they ask you something like that we just reply as I mentioned below and this will be the end of story. The only question that they are allowed to ask is if we have anything illegal on us. Caring money is not yet illegal...

Offline Riverhead

Re: IRS can now seize any account for any reason.
« Reply #9 on: October 26, 2014, 02:37:01 PM »
In the US it doesn't really matter what is legal/illegal at the side of the road. If you don't do what they say they'll either:

1) Take you to jail and seize your stuff
2) Beat you up on the spot or tazzer you
3) Just shoot you (thankfully very rare)

Numbers 1 and 2 are common. Basically the rule of thumb is: Do whatever the highway patrol tells you to do and then take up legal action later if needed. And yes, this is the sort of shit we used to make fun of other countries for.

Offline mf-tzo

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Re: IRS can now seize any account for any reason.
« Reply #10 on: October 26, 2014, 02:49:06 PM »
That is very helpful to know as I will be visiting the US shortly and was thinking to have some emergency cash on me. But if I risk when stopped by a police patrol to ask me questions about how much money I have on me and be able to seize that money and me having to take legal actions and my holidays are ruined, I better just walk around with my card when traveling across the states...just wow...

Offline Gentso1

Re: IRS can now seize any account for any reason.
« Reply #11 on: October 26, 2014, 06:12:17 PM »
In the US it doesn't really matter what is legal/illegal at the side of the road. If you don't do what they say they'll either:

1) Take you to jail and seize your stuff
2) Beat you up on the spot or tazzer you
3) Just shoot you (thankfully very rare)

Numbers 1 and 2 are common. Basically the rule of thumb is: Do whatever the highway patrol tells you to do and then take up legal action later if needed. And yes, this is the sort of shit we used to make fun of other countries for.

 :P  Hit your head yourself , sue for police brutality
just make sure someone video tapes or no one will likely believe you.

Offline speedy

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Re: IRS can now seize any account for any reason.
« Reply #12 on: October 26, 2014, 06:21:51 PM »
Pretty good video on the subject:

https://www.youtube.com/watch?v=3kEpZWGgJks

US cops are psychos. I was stopped for speeding here in the UK a few months ago and they certainly didnt ask me how much money I was carrying. They were very polite and made me feel like they were doing me a favour - I probably was putting myself at risk.

Offline matt608

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Re: IRS can now seize any account for any reason.
« Reply #13 on: October 26, 2014, 07:58:45 PM »
Pretty good video on the subject:

https://www.youtube.com/watch?v=3kEpZWGgJks

US cops are psychos. I was stopped for speeding here in the UK a few months ago and they certainly didnt ask me how much money I was carrying. They were very polite and made me feel like they were doing me a favour - I probably was putting myself at risk.

I was stopped by police in the UK for singing while driving.  They thought I was talking on my mobile phone when I was just scratching my ear for a moment while singing.  They were sitting by the side of the road with a camera and showed a video of my arm reaching up (to scratch my ear) which was obscured from view while my 'jaw was moving'.  My mobile was out of battery and wouldn't even switched on but when I showed them they didn't believe me and told me not to do it again or there could be trouble lol. 
« Last Edit: October 26, 2014, 08:01:13 PM by matt608 »

Offline ticklebiscuit

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Re: IRS can now seize any account for any reason.
« Reply #14 on: October 31, 2014, 02:50:48 AM »
Abuse of power is getting out of hand.  They are simply going after the working class who have no option but to re open their business at any expense to make a living.  Easy targets, easy money.

Another reason to crush the growth of crypto currency.

Lol. Money.  Who created irs?  they want to own the world. Rune wants bitshares to own the world.  Julian1 wants to force international banking cartels to compete.  Lollololllol.....Profit off the sheep.  Yum baaaaah

 

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