Well if you owe 50 thousand in taxes, I doubt highly you are taking a vacation anytime soon. This is just a non story.
LOL!
The Wild and Free Pigs of the Okefenokee Swamp
http://www.stentorian.com/politics/freepigs.html
Doan worry, there, little piggy, doan worry.
It's jest 'nuther slat in the fence.
Here, eat yer free corn, little piggy. Ye'll alwuss be free... :)
In the DC area....there are several thousand individuals who work for the government (either GS or contractor) who are in the over-$50k-debt situation with IRS. They take vacations and travel extensively.
What you have are a number of people who’ve hit the big-time because of contacts or friends or non-bid contracts with bribes attached. These are people who went suddenly from $50,000 a year in salary to $120k in salary or now pull in several million a year in sales income. They didn’t talk to an accountant in the early stages or set aside money to pay IRS.
I personally worked with some guy who had no real tax issues but his wife suddenly got into the ‘clouds’ business and went from a $70k a year job to roughly $250k a year as an adviser. He woke up eighteen months later and suddenly realized that he had to go and find another $100,000 out of thin air to cover IRS and Virginia state taxes.
I worked with another guy who was in big with his church and donated $30,000 regularly to the church....for well over a decade. IRS came calling and wanted absolute proof of the donations. He could cite paper receipts for three years but nothing past that point. They eventually reached some court action and he had to come up with roughly $70,000 out of thin air. This guy wasn’t broke, and his wife had a very stable nursing income on top of his paycheck....but it’s not that simple to find that much cash laying around while refusing to touch your 401k as the normal way of fixing the problem.