US seizing tax refunds of children over parents’ debt?!
The government is now going through old records to see if it overpaid people on Social Security. If it thinks it did, it can now seize the IRS tax refund checks of the CHILDREN of those people it thinks it overpaid.
The government has already confiscated $1.9 billion in tax refunds this year alone.
The amazing thing is that the government is doing this even if it has little or no proof and no exact details.
Tax refunds are clearly becoming the new promised land for government regulators and bureaucrats desperate for more revenues. We already know that confiscating tax refunds are the only real way the IRS will be able to impose Obamacare non-compliance penalties, and now it seems like the Social Security Administration is jumping on that bandwagon.
Remember that the people who benefited from these alleged Social Security payments have not committed any crime—that’s why the government doesn’t need to provide any proof or real documentation. So, now we have yet another very good reason to make sure you don’t get a tax refund. First, getting a tax refund means you’ve given the government a free loan for 12 months.
Second, tax refunds are the only way you can be punished—rightly or wrongly—for any ACA individual mandate non-compliance. And third, your tax refund is now a possible target for government bureaucrats who screwed up in the past and want to come after your money to make it right. If the SSA can do it, what’s to stop the other agencies?
There is no reason to remind the public that Washington already controls too much of their money and has trampled on too much of our financial rights.
Original story at CNBC