Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by renewiltord on Sunday September 27, 2020 @05:05AM
(#24605259)
>Friendly reminder that IRS enforcement is one of the most cost-effective activities that the federal government can engage in, and that Congress has consistently cut funding for the IRS for years and years
It hardly matters whether it makes money. Two things come to mind:
* Civil asset forfeiture is one of the most profitable acts for police departments. California outlawed this for money below some large sum.
* Traffic tickets are one of the most profitable acts for some city departments. I would far prefer that they reduce that.
I don't care that the Federal Government makes money. It is not a good thing that it makes money. It is just a thing.
When North Carolina came after me for taxes they thought I owed, only for them to reduce the judgment from the many thousands to a few hundred dollars when I sent them a "yo, I think you're mistaken" letter, I didn't feel pleasure. The fact that they insisted any further appeal could only occur in person, knowing full well that a flight to that state cost more than paying the bill, I did not feel like the government was made better through the experience. If they had decided that they should collect the whole amount I would not feel like they would be doing a better job.
It hardly matters whether it makes money. Two things come to mind:
* Civil asset forfeiture is one of the most profitable acts for police departments. California outlawed this for money below some large sum.
* Traffic tickets are one of the most profitable acts for some city departments. I would far prefer that they reduce that.
I don't care that the Federal Government makes money. It is not a good thing that it makes money. It is just a thing.
When North Carolina came after me for taxes they thought I owed, only for them to reduce the judgment from the many thousands to a few hundred dollars when I sent them a "yo, I think you're mistaken" letter, I didn't feel pleasure. The fact that they insisted any further appeal could only occur in person, knowing full well that a flight to that state cost more than paying the bill, I did not feel like the government was made better through the experience. If they had decided that they should collect the whole amount I would not feel like they would be doing a better job.