Become familiar with the term “imputed income”. That will be the next vehicle for IRS abuse. They will also be assessing your standard of living and make a determination as to whether or not your income supports it. If they think not, they will add an estimated unreported income to that and tax it (with penalties).
” If they think not, they will add an estimated unreported income to that and tax it (with penalties).”
We should stand ready with “penalties” of our own to impose.
Solzhenitsyn spoke of such things.
You want to know whom you must fear: fear — greatly — the man with nothing to lose.
Do you have an IRA? A Pension? a 401K? FORK IT OVER, SLACKER!