News for hackers. Stuff that matters.

A comment on IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Identified. Parent comment

Re:IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Ident... by londons_explore on Monday November 11, 2019 @07:11PM (#21510276)
Depends on the fee structure.

If those poor people end up owing $100, but the IRS can slap $500 of wrongful filing fees on them, and then come up with a 15 year payment plan at 30% interest, they get $25k.

Rich people would just pay the fine and move on, or claim bankruptcy and become rich again in a few years.

[ Parent | on HN ]
Re:IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Ident... by samplatt on Monday November 11, 2019 @07:30PM (#21510383)
Can a private (or corporate) entity take the IRS to court?

As a non-American, I always assumed a big reason of why the rich aren't taxed/audited as much was because tying the funds up in infinite legality was cheaper than actually paying taxes.

[ Parent | on HN ]
Re:IRS Says ‘Dozens’ of New Crypto, Cybercriminals Are Ident... by dmoy on Monday November 11, 2019 @08:11PM (#21510600)
The IRS cannot charge a 30% interest rate. They charge short term plus 300bps. There's some other fees, but they cap out too.
[ Parent | on HN ]