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Fox Business Sensationalizes IRS Wedding Shop Seizure Story

Fox Business Sensationalizes IRS Wedding Shop Seizure Story

Something that happens a lot more than seizures that I asked both the Gregorys and Mark Stanhope about is people beating the IRS by waiting out the ten-year statute of limitations on collections. That does happen.  I have not been able to get statistics on it, but the anecdotal evidence is that it is much more common than seizures.  There is a real danger that as the capacity of the IRS to collect continues to erode, people who organize their lives to live on their after-tax income will start feeling more and more like suckers. Having a president who argues that not paying income taxes means that he is smart is probably also not that helpful.

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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.