The IRS doesn’t just seize money for reasons of taxation. The folks in that agency have another racket in their job description.
Click on over to Townhall for the story, then come back here for background.
- Treasury.gov: “Criminal Investigation Enforced Structuring Laws Primarily Against Legal Source Funds and Compromised the Rights of Some Individuals and Businesses” (press release and link to report)
- Washington Post: “The IRS took millions from innocent people because of how they managed their bank accounts, inspector general finds”
- Institute for Justice: “Seize First, Question Later”
- Thomson Reuters Tax & Accounting News: “IRS clarifies its position on civil forfeitures in uncharged structuring cases”
- Armstrong Economics: “Police Civil Asset Forfeitures Exceed All Burglaries in 2014”
- IG-DOJ: “Review of the Department’s Oversight of Cash Seizure and Forfeiture Activities”
- Washington Post: “Since 2007, the DEA has taken $3.2 billion in cash from people not charged with a crime”
- Washington Post: “In tough times, police start seizing a lot more stuff from people”
- Institute for Justice: “Policing for Profit”