Author Topic: IRS can now seize any account for any reason.  (Read 5092 times)

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Offline mf-tzo

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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 Riverhead

It's insane. Highway patrol are the new pirates.

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Offline bitmeat

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Offline Riverhead

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 donkeypong

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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 Brekyrself

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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 luckybit

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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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