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We've sure come a long way in 227 years .. or have we? What are we at .. almost 16 Trillion deep already?

Tax debt forgiveness? Too bad there isn't a black market for debt.. like carbon. Liberals would find a way to profit from it.

1 posted on 05/21/2012 8:44:44 PM PDT by NormsRevenge
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To: NormsRevenge
The problem for me is that since 2008, technically, if I pushed it, they owe me.

I used to be good for tens of thousands into their coffers every year, year in and year out.

So their revenue stream is drying up in some cases.

/johnny

2 posted on 05/21/2012 8:51:44 PM PDT by JRandomFreeper (Gone Galt)
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To: NormsRevenge
Let me see if I understand this correctly.

If I paid my taxes, but ran up my credit cards buying big screen TVs and iPads, I have to declare bankruptcy or be endebtted to the banks.

However, if I ignored paying taxes and bought all that stuff instead, the government will "forgive" me.

Is that right?

-PJ

3 posted on 05/21/2012 8:52:33 PM PDT by Political Junkie Too (If you can vote for President, then your children can run for President.)
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To: NormsRevenge
The IRS announcement focused on the financial analysis used to determine which taxpayers qualify for an Offer in Compromise.

So IRS agents will use some type of selective enforcement procedure to see who gets relief and who gets intimidated, as I am sure no Warren Buffet type will apply for this if they feel they have plenty of excess money and are not paying enough in taxes.

4 posted on 05/21/2012 8:58:42 PM PDT by Brandonmark (2012: Our Hope IS Change!)
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To: NormsRevenge
Now, since Patrick Cox and “Tax Masters” are busy in bankruptcy court, the IRS drones have to deal directly with the American Taxnonpayers.

Time for an IRS agent convention in Las Vegas?

12 posted on 05/21/2012 9:57:04 PM PDT by tdscpa
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To: NormsRevenge

Hmm.


16 posted on 05/22/2012 12:00:13 AM PDT by Ernest_at_the_Beach (The Global Warming Hoax was a Criminal Act....where is Al Gore?)
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To: NormsRevenge

Bookmark


17 posted on 05/22/2012 3:02:06 AM PDT by Bon mots ("When seconds count, the police are just minutes away...")
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