Comments on: IRS steals millions from people for depositing the wrong amount of money https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/ Fri, 27 May 2016 18:24:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Wayne https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891838 Fri, 27 May 2016 18:24:07 +0000 http://behindtheblack.com/?p=39404#comment-891838 Cotour:
Ref Colorado: excuse, wasn’t entirely clear–
–They had to find cooperative Banks. It’s not impossible to deposit their cash, but it was a huge hassle early on & “technically” it’s all subject to being seized at any time.
This is a prime example of the Federal Government have undo control over purely State issues.
–Tangentially– last year, the Feds were trying to target gun-shops by putting pressure on banks which served their accounts.

]]> By: Cotour https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891822 Fri, 27 May 2016 17:17:51 +0000 http://behindtheblack.com/?p=39404#comment-891822 That’s a very good point about weed shops and the banking system.

Q: How the hell are they dealing with all of that cash without being able to deposit it?

The states have created an exclusively cash business model? A big accounting and secure storage problem.

]]> By: Wayne https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891808 Fri, 27 May 2016 16:43:28 +0000 http://behindtheblack.com/?p=39404#comment-891808 Don’t have the link handy but I recall Mr. Z noted the Vascular Solution “case” a few months ago.
As Cotour notes– it is very similar to what the IRS is doing, but via a different element of the Administrative State.
Before the Patriot Act reinforced & expanded this type of stuff, it was the nebulous War on Drugs that got everything going at warp-speed. Far too many people acquiesced in the seizing of drug-dealing money.
–tangentially– in Colorado the weed-shops are having a massive problem handling their cash-deposits into the Federally regulated Banking System. Weed remains a Federally prohibited substance & any Bank handling weed-money is subject to being shaken down & dragged into an Administrative Court.
(Dodd-Frank as well, created an entirely new Banking Regulatory apparatus, which is not funded by Congress & requires super-majorities in the House/Senate to alter. Trump couldn’t touch this, if he wanted to.)

]]> By: Cotourj https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891785 Fri, 27 May 2016 15:45:39 +0000 http://behindtheblack.com/?p=39404#comment-891785 Related:

I heard this story on the John Bachelor Show last night, it was the segment just before R. Zimmerman’s Behind The Black segment. Its the story of a publicly traded company called Vascular Solutions.

http://www.bizjournals.com/twincities/news/2016/02/26/vascular-solutions-ceo-root-found-not-guilty-in.html

Criminally charged by the Justice Department for “off labeled use” of a minor product that they produce.

5 years.

120 lawyers

Cost?

25 million dollars

Result, CEO found not guilty on all counts by a jury.

Compensation? $O.OO

Lesson? There is a government shake down of industry and individuals system in operation in our country. Very similar to the confiscation of assets when not even charged like in the structuring example and when cash, cars and other assets are taken without even charges or a verdict.

]]> By: Robert Zimmerman https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891772 Fri, 27 May 2016 15:10:22 +0000 http://behindtheblack.com/?p=39404#comment-891772 In reply to Jamie Menzing.

Jamie: I have no idea whether Trump will end the federal government’s abuse of power. His past record suggests he won’t. His recent campaign suggests he might. What I hope is that if there are enough conservatives elected to Congress, and Trump is surrounded by conservatives as well within his administration, the focus will be to stop the abuses. But even here, we have no guarantees. And it is essential as voters that we be aware of this. We cannot let our passions blind us to the weaknesses of any candidate, even the one we support.

]]> By: Jamie Menzing https://behindtheblack.com/behind-the-black/points-of-information/irs-steals-millions-from-people-for-depositing-the-wrong-amount-of-money/#comment-891720 Fri, 27 May 2016 12:59:14 +0000 http://behindtheblack.com/?p=39404#comment-891720 Do you think Trump will end this egregious abuse of power? I know Hitlary will not.

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