Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax consequences of coin collecting?
>
Reply to Thread
Message:
<p>[QUOTE="Owle, post: 851378, member: 22004"]<b>Coins and Taxes</b></p><p><br /></p><p>What matters is what works. Follow your conscience even if you end up in jail like Gandhi and Thoreau. Thoreau's Civil Disobedience article is worth taking a look at: <a href="http://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau" rel="nofollow">http://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau</a>)</p><p> </p><p>If you resist taxes several things will happen: </p><p> </p><p><br /></p><p>There are only four results that can occur if a person decides to follow idiotic tax protester theories:</p><p><br /></p><p>1. Person does not pay taxes. IRS does not notice or determines the amount is too small to bother. Nothing happens to person and they get to live out their life enjoying benefits that everyone else is paying for. THIS IS RARE.</p><p><br /></p><p>2. Person does not pay taxes. IRS eventually notices and proceeds to assess penalties and interest to encourage the person to pay what is owed. If the person does not, the IRS can legally levy bank accounts, place liens on property, or even foreclose on property owned by the person. This is much more common.</p><p><br /></p><p>3. Person does not pay taxes. IRS decides to recommend to the DOJ that criminal charges are pursued. Person luckily is able to convince a jury they were too stupid to know that they had to pay taxes and are acquitted. IRS can legally proceed with all actions described in #2 above.</p><p><br /></p><p>4. Person does not pay taxes. IRS decides to recommend to the DOJ that criminal charges are pursued. The person is convicted of various tax related charges and spends time in prison. The IRS continues with the civil actions described in #2 above.</p><p><br /></p><p>Since there are only four results and three of them are bad, does anyone except the delusional believe it is a good idea to not pay taxes? BTW, all of the actions above taken by the IRS and DOJ are legal and Constitutional.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 851378, member: 22004"][b]Coins and Taxes[/b] What matters is what works. Follow your conscience even if you end up in jail like Gandhi and Thoreau. Thoreau's Civil Disobedience article is worth taking a look at: [URL]http://en.wikipedia.org/wiki/Civil_Disobedience_(Thoreau[/URL]) If you resist taxes several things will happen: There are only four results that can occur if a person decides to follow idiotic tax protester theories: 1. Person does not pay taxes. IRS does not notice or determines the amount is too small to bother. Nothing happens to person and they get to live out their life enjoying benefits that everyone else is paying for. THIS IS RARE. 2. Person does not pay taxes. IRS eventually notices and proceeds to assess penalties and interest to encourage the person to pay what is owed. If the person does not, the IRS can legally levy bank accounts, place liens on property, or even foreclose on property owned by the person. This is much more common. 3. Person does not pay taxes. IRS decides to recommend to the DOJ that criminal charges are pursued. Person luckily is able to convince a jury they were too stupid to know that they had to pay taxes and are acquitted. IRS can legally proceed with all actions described in #2 above. 4. Person does not pay taxes. IRS decides to recommend to the DOJ that criminal charges are pursued. The person is convicted of various tax related charges and spends time in prison. The IRS continues with the civil actions described in #2 above. Since there are only four results and three of them are bad, does anyone except the delusional believe it is a good idea to not pay taxes? BTW, all of the actions above taken by the IRS and DOJ are legal and Constitutional.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax consequences of coin collecting?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...