Margaret Fuller 360x1000
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199
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IRS Coinbase Summons What Are You Going To Do When They Come For You ?

IRS Coinbase Summons What Are You Going To Do When They Come For You ?

You will often see the blockchain referred to as a ledger.  As I read the descriptions, though, I think that it is actually more of a journal.  Back in the day we would have various journals that item by item recorded things like purchases, sales, receipts and disbursements.  The totals from the journals would be “posted” to the ledger.  At year end, the income accounts would be closed.   To analyze an account was to show the exact transactions that went into that account.  A critical component of the process was to cut things off.  Beginning in the eighties, we entered a kind of brave new world thanks to databases.  Some of the systems designed to use them were focused on issues like inventory management with the accounting functions thrown in.  It sometimes seemed that it was like never being able to step into the same river twice.

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Ed Brown Thinks I Have A Staff – Go Figure

Ed Brown Thinks I Have A Staff – Go Figure

The only critique that I am going to present is that Mr. Brown makes it clear that he was being just a bit disingenuous when he managed to get his supporters to say that he just wanted someone to show him the law that required him to pay income tax.  The law is in Title 26 of the United States Code (The Internal Revenue Code) and for all the talk about how complicated and confusing the law is, the basic requirement illustrated by Sections 1, 61 and 6102 are not complicated.

What Mr. Brown apparently wants is to be shown a law that is in his view, as a United States Constitution Ranger, is valid.

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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.