United States Federal IRS TAX Property Liens Underwater
Kenn Spacefield | 20.10.2008 04:13 | Analysis | Free Spaces | Globalisation
The major Federal tax enforcement and collection system in the United States is in jeopardy. Billions of dollars in IRS property liens are "underwater". IRS property lien collection payments and wage garnishments, based on a persons employment and property ownership, is in a catastrophic state of failure. The United States Federal Government has averted this failure by buying the mortgages and banks that hold these liens and write the paychecks.
(Maybe we should ask "Joe the Plumber" or "Joe Sixpack"? I think they owe the IRS money.)
The terrifying way the collection of tax’s is now being practiced by the United States Federal Government; is no worse than torture, war, illegal imprisonment, or a stolen election. So don’t you worry, the "Animal Farm" economics being set in place, will be paid for by your children.
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Kenn Spacefield