Lyndon McLellan has spent more than a decade running L&M Convenience Mart, a gas station, restaurant and convenience store in rural Fairmont, North Carolina. Then, one year ago, without any warning, 'agents' from the IRS seized his entire bank account, totalling more than $107,000. This is an example of America's little guy trying to eke out a living for his family while providing valuable services for his community.
In recent years, America’s absurd civil forfeiture laws have been facing heavy criticism from the public, especially for the effect they have on small businesses that deal in cash.
If you withdraw or deposit more than $10,000 into your bank account, your bank has to report it the government; and if you do the same with less than $10,000 (the law doesn’t state how much exactly) they can accuse you of trying to avoid the law. When that happens, you can say goodbye to every penny you own.
Lyndon McLellan learned this hard way when the IRS confiscated $107,702 from his business account. He runs a convenience store in North Carolina, which as you can imagine, deals heavily in cash. And being a convenience store (which are robbed at a higher rate than other businesses), it’s not a good idea to have thousands of dollars lying around. It’s safer to make frequent small deposits. Despite how logical this would appear to a normal, sane person, the IRS took his money, and now it’s up to him to prove his innocence (so much for innocent until proven guilty).If you withdraw or deposit more than $10,000 into your bank account, your bank has to report it the government; and if you do the same with less than $10,000 (the law doesn’t state how much exactly) they can accuse you of trying to avoid the law. When that happens, you can say goodbye to every penny you own.
It is not the 'wealthy' that the IRS targets - it is mid America who has the attention of these thieves, crooks and murderers known as the 'IRS.'
Published on May 1, 2015
Looks like the next 'step' will be seizing the piggy banks and arresting tots for depositing pennies found on the ground (along with their chewed gum, bugs and parts of cookies) or, worse yet pennies GIVEN to them by their parents, siblings and grandparents.
This whole scenario and practice is outright treasonous, committed by a private corporation that is little more than a ROGUE COLLECTION AGENCY RUN BY THUGS WORKING FOR THE 'QUEEN' AND THE VATI-CON.
America, when is 'ENOUGH' going to be ENOUGH?
1 comment:
My Banker told me the real figure is not $10,000. but $5,000.. they are told to tell us $10,000.If you deposit or withdraw multiples of just under $10,000. or just under under the $5,000. mark to not raise a red flag, you have broken the law and can and most likely will go to Federal prison.
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