Sorry, but I ain’t buying it:
Pressured by Congress, the IRS said Wednesday it is changing its policies and apologizing for seizing banks accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements.
Their alleged crime: routinely making bank deposits of less than $10,000. That allowed the business owners to avoid reporting requirements designed to catch drug dealers and money launderers.
IRS Commissioner John Koskinen told Congress that the IRS is changing policies to prevent the seizures, as long as the money came from legal means.
“To anyone who is not treated fairly under the code, I apologize,” Koskinen told the House Ways and Means oversight subcommittee. “Taxpayers have to be comfortable that they will be treated fairly.”
Let us speak frankly: Koskinen’s apology is bullshit, because now that President Look at Me Looking at Me has fully weaponized the IRS, it is legally and politically impossible to rein in that agency — and its powers are effectively unlimited.
The only solution is to repeal the Income Tax Amendment, nullify every law associated with it, fire every IRS employee, and destroy every IRS building with fire. From there we can move to either a Fair Tax or to a flat tax collected by the states and remanded to Washington based on good behavior.
If I’ve left anything out, please let me know.