The IRS already steals more from Americans than any other entity at over $2 trillion per year in taxes. But even that isn’t enough, according to this latest report. On top of all the taxation theft, they are just outright stealing money from people’s bank accounts now.
Banks are forced to report bank deposits of greater than $10,000 in the USSA, which leads many business owners to divvy up their deposits into smaller increments to not set off any red flags with the thieving IRS.
And, in the land of the free, where everything is illegal, a law called the Bank Secrecy Act deems it illegal to deliberately make smaller deposits to specifically avoid the reporting requirements that are associated with depositing sums greater than $10,000.
The main reason people deposits sums under the 10,000 threshold is out of sheer fear. Most don’t recognize it consciously, because of all the “land of the free” brainwashing they’ve had since birth… but on an unconscious level, most in the US know they live in a tyrannical fasco-communist police state and that almost anything they do can make them the target of the government. Plus, on a more conventional level, no one wants to deal with the sheer stack of paperwork involved in the declaration process above the arbitrary $10,000 limit.
When someone intentionally deposits chunks of money under $10,000 this supposed “crime” is called “structuring” and the official reason given for it is to combat terrorism, drug dealing, and “other serious criminal activity.”
Ironically, it’s the US government – the maker of the rule – who is the biggest state sponsor of crime
and terrorism in the world. But, those aren’t the truthful reasons anyway. The real reason is to make sure that every transaction done in the US is monitored by the government so it can plunder as much of it as possible.
According to the recently released Inspector General’s (IG) report, the IRS went after hundreds of cases of people suspected of “structuring” that otherwise gave no indication of criminal activity outside of making deposits of less than $10k.
The IG took a sample of over 250 IRS forfeiture actions where the primary reason for asset seizure was solely because the associated dollar value of deposits was consistently less than $10,000 and they found that in over 90% of those cases the businesses or individuals had obtained that money legally.
Moreover, the IG report found that the IRS, being the thugs they are, knew that most of these entities such as jewelry stores, gas stations, and restaurant owners – all who deal mainly with cash – had made their money legally and as a consequence decided to deliberately target them.
In this tyrannical extension of the war on cash, the IRS agents are only questioning these affected business owners after they had already seized their assets!
So in the USSA today you can neither travel in your car with assets of any significant value without road pirates stealing them nor can you deposit them into your bank account in increments of less than 10,000 without raising red flags and also getting them stolen.