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To: DUMBGRUNT; All
"He Got $300,000 From Credit-Card Rewards. The IRS [??? emphasis added] Said It Was Taxable Income."
FR: Never Accept the Premise of Your Opponent’s Argument

Patriots are reminded that the delegates to the Constitutional Convention (Con-Con) had made the Constitution’s first numbered clauses, Sections 1-3 of Article I, evidently a good place to hide these clauses from Congress (sarc), to clarify the following.

Only elected members of Congress have the legislative power to make federal laws, not the executive or judicial branches, or non-elected bureaucrats running constitutionally undefined, so-called federal regulatory agencies like the IRS, EPA, etc., that tax-hungry, power-hungry members of Congress now hide behind.

So hypothetically speaking, let’s say that all US citizens made money on credit card rewards. The way that the delegates to the Con-Con had intended for taxpayers to respond to unpopular federal tax policy is this.

Whenever Congress decides to count credit card rewards as income for example, the correct response for taxpayers is simply to elect a new Congress that not only promises that credit card rewards will not be counted as income, but also promises that Congress will appropriate taxes only for things that it can reasonably justify under Congress’s constitutional Article I, Section 8-limited powers.

"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.

64 posted on 03/07/2021 5:28:40 PM PST by Amendment10
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To: Amendment10
My guess is that his bank narc'ed on him for making deposits of $10k and +.

If deposits were below $10k and regular, again reported to the IRS as Structuring.

The IRS then figured there was tax owed somewhere and was going to get it no matter the cost.

65 posted on 03/07/2021 5:56:09 PM PST by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure.)
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