The Coordinated Attack on Your Money

Michael Wilkerson at The Epoch Times (via The Liberty Daily with no paywall) outlines “The Coordinated Attack on Your Money.”  This one paragraph is scary enough:

Do you think your money is safe in your bank account? Multiple laws allow the government to seize your assets through the process of civil forfeiture even if you haven’t been charged, let alone convicted, of a crime. We saw how this worked in Canada during the truckers’ peaceful protests over vaccine mandates when the government simply issued a decree authorizing it. If your bank fails, new laws created following the global financial crisis of 2008–09 allow the bank to turn your savings and other deposits into securities to shore up the bank’s capital. The Internal Revenue Service can tap funds in your bank account if the agency claims you owe taxes, even if the IRS made an error or you’re in a dispute process. And banks have canceled accounts of individuals and entities who pose “reputational risk” by, for example, supporting conservative candidates, speaking out on election integrity, or challenging the prevailing COVID-19 narrative.

Click here for more.  It gets especially ugly when you see what the feds are trying to do to stop cryptocurrencies – and why.

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The Infernal Revenue Service

 

Here’s Cal Thomas at Newsbusters on torture at tax time:

Thanks to the beneficence of the Internal Revenue Service -- and the fallout from COVID-19 -- we half of Americans who pay federal income taxes have been given until May 17 to file.

Since I began earning enough to file Form 1040 and associated forms, I have only known one person who prepared his own taxes. That was Bill Archer, a Texas Republican who formerly headed the House Ways and Means Committee. I once asked Archer why he prepared his. His reply was that not only did he think it was fun, but because he helped write the tax code, he felt a responsibility to demonstrate competence in filling out the forms.

These days, the forms are so complicated, hardly anyone I know understands them. The instructions need instructions.

I have again filed jointly with my wife (more than 70 pages). She owns a business, so it is more complicated than if we filed separately. Still, the forms require translating a language I have never studied and wouldn't want to. If you call the IRS and ask for help, you are still responsible for interest and penalties if they give the wrong advice.

How complicated is it? Here are just a few examples. Right off the top, I am threatened with prison should I knowingly fudge information on the form. The federal government does threats very well, including those read by flight attendants. Refuse to wear a mask, even if vaccinated, and you risk arrest. Don't even think of tampering with the smoke detector. Even the post office is now spying on us.

How's this for clarity from the estimated tax worksheet: "Add lines 2a and 2b. Subtract line 2c from line 1. Figure your tax on the amount on line 3 by using the 2021 Tax Tables. Caution: If you will have qualified dividends or a net capital gain or expect to exclude or deduct foreign earned income or housing, see worksheets 2-5 and 2-6 in Pub. 505 to figure the tax."

Got that?

There are schedules and forms for everything. They are nearly as numerous as the growing list of gender identities. Under Schedule D, Profits and Losses, there is this gibberish: "Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b."

Say what?

No civilized society should force its citizens to go through this annual torture.

. . .

The rest is here.

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