Saturday, July 14, 2018

Republican Congress takes 2012 Democratic bill and makes it law where Americans now cannot leave if they owe IRS money

Back in 2012, the primarily Democrat led Congress submitted a a piece of legislation titled, Senate Bill 1813 (Highway trust fund) which would have disallowed Americans owing more than $50,000 in taxes from leaving the country.  Now it appears that the Republicans have finished this work started by their colleagues across the isle as it has recently come to light that three years ago they gave the IRS the power to confiscate your passport if you owe the government a tax debt.

Former Congressman Bob Barr notes this week 
In an extremely troubling move three years ago, the Republican-controlled Congress handed the Internal Revenue Service the power to strip individuals of one of the most important and tangible rights possessed by American citizens – their passports. The Service is now starting to use this hammer. 
The US, of course, has long been especially contemptuous of potential emigrants, as "the United States is one of only two countries (the other being Eritrea) that taxes its citizens no matter whether they reside." This acts as a sizable disincentive to Americans looking to move abroad. 
And now, if you fail to pay taxes while living outside the US, the IRS can simply revoke your passport if you return to the states. - Mises
Ironically, the U.S. does little to enforce tax collections against corporations who have used the offshoring of their revenues to avoid paying taxes.  And this of course led to companies like Apple and GE to hold trillions of dollars outside the United States until just recently when President Trump signed into law a bill that would provide them a one time reduction in taxes for bringing it back to America.

Your taxes are primarily the collateral which allows the government to borrow debt from the central bank, and with the National Debt now above $22 trillion, Washington needs to squeeze as much blood from the American turnips as possible to allow that spigot to continue flowing.  And thus the ability to seize your passport and limit your movements is just the newest freedom Americans have lost as the government clamps down on their 'federal plantation workers'.

1 comments:

This bill is nice, it will reduce bad debt, if the Americans have to pay all the IRS debt if they want to leave.
run 3

Post a Comment