GameStop Triggers My Wall Street Memories
Uncle Mike decided to consult with his Wall Street neighbor, my old man, about investing in stocks. The old man told the much older man to pay off his mortgage. As the story goes Uncle Mike was grateful for his advice.
IRS Collections Appears To Be Broken
At the end of the 2019 Fiscal Year there 74,369 people working for the IRS. That compares to 94,711 in 2010. In 1995 there were 113,643. That is why liens and levies are down and waiting out the ten year statute is now a viable strategy.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.