The day is coming when the recommendations you'll find here may very well be against the law. For now, the window of opportunity is open. So now is the time to act. The message is very clear: If you do not have an "emergency fund" set up that exists outside the control of your home government and have a second passport, then you are at risk in a very big way.
Now as of today, everything here is legal.
Will that be the case next month? Unfortunately, no one knows the answer to that question.
Are you really willing to take that risk? The risk that everything you have might be taken away by a system desperate to maintain control.
Each day we lose more and more of our fundamental rights. Many of these rights were given up in the name of “national security.” It’s a very slippery slope. Scholars have debated the erosion of civil rights caused by the passage of the Patriot Act. A recent unanimous amendment to a Senate transportation bill may have just cost US citizens the right to travel.
Senator Harry Reid of Nevada was successful in amending a Senate highway funding bill to now allow the IRS to revoke or limit the passports of U.S. taxpayers who are seriously delinquent in their tax obligations.
Under the measure, if one owes more than $50,000 and the debt is at the levy or lien stage, the IRS can request the State Department revoke the taxpayer’s passport. America abolished debtor’s prisons in 1833 but the new measure is pretty similar - your freedom and liberty can be curtailed until the taxman is paid.
With final passage of the Senate amendment, the U.S. will join the United Arab Emirates and China in allowing such punishment for civil debts. That’s not very good company, until 2010, China tax protesters faced the death penalty.
Willful failure to pay one’s taxes has long been a crime in the U.S. but that requires a finding by the court that the taxpayer has the ability to pay yet simply refuses. The new law doesn’t require willfulness - if you don’t pay, you can’t leave.
We see many taxpayers with tax problems caused by illness, injury and often layoffs. It’s one thing to punish intentional tax cheats but Reid’s amendment could hurt tens of thousands of honest Americans who simply can’t find work.
Ignore the IRS and you, as a US citizen could find yourself with no bank account, no house, bad credit and no means of leaving the country. Procrastinate too long and you might even find yourself with criminal charges.
Contact Banker Trust about a second passport and funds transfer offshore. All communications are kept in strict confidence.
|
