It’s (Almost) Official: Tax Debt = No Passport

“Both the House and the Senate have enacted versions of a highway funding bill (H.R. 22) containing this provision that is now before a conference committee. It’s likely to hit President Obama’s desk later this month.  The bill sets up a mechanism to deny or revoke your passport if you have a ‘seriously delinquent tax debt.’ This is defined as a tax debt that exceeds $50,000 for which the IRS has filed a notice of lien or levy.  The Joint Committee on Taxation estimates this measure will raise $398 million in tax revenues over the next decade. That’s enough to pay for about 0.1% – one tenth of one percent – of estimated highway expenditures during that period.”

http://www.nestmann.com/its-almost-official-tax-debt-no-passport

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin