“Consider 79 year-old Mary Estelle Curran of Palm Beach who inherited Swiss and Liechtenstein accounts when her husband died in 2000. She failed to report them and the IRS lost out on approximately $667,716 in taxes. That’s a lot of money to be sure, but the size of her penalty was, well, enormous: 50% of the highest balance: $21,666,929. And that’s not all. She was facing serious jail time too. And it seemed doubly unfair that she was unsophisticated and had tried to come forward to the IRS long before. Fortunately, though, U.S. District Judge Kenneth Ryskamp eased up, even suggesting that the government could probably use a little more discretion.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
No Light. No Tunnel. Just More Dark.
Here Is What Bitcoin Users Are Buying On Overstock.com
WSJ: How MDMA Went From Club Drug to ‘Breakthrough Therapy’
Texas Proposal Would Make Local Police Enforcement Of Federal Gun Laws A Crime
Jack Lew’s “Extraordinary Measures” on Debt Just “Cooking the Books”
Warren Buffett plans $2 billion a year Australian spending spree
When Unpaid Student Loan Bills Mean Being Banned From Working
BRICS establish $100bn bank and currency pool to cut out West
Heated exchange after Baton Rouge cop pulls over fellow officer driving recklessly
Countries are using devaluation to gain an advantage - and Britain is one of the worst offenders
Chinese regulator vows share support after markets tumble 8.5% in a day
China bitcoin arbitrage ends as traders work around capital controls
In crisis-ravaged Greece, ‘laughter clubs’ are booming
Chattanooga man sues police officer after injury
Congress poised to jam through reauthorization of mass surveillance