Old Credit card debt and Tax bills LOL

Good topic and a very important topic. Dosn't suprise me that most posters here are ignorant of the ramifications - and this has nothing at all to do with the banks.

This is the IRS tax code- and our government who has instituted this law. What it means is that all those people who are walking away from a house they could not afford- or going bankrupt and skipping out on credit card debt will probably have the IRS catch up to them. The government is looking to squeeze every last source of revenue it can- since we are way beyond broke.

Now there was a temporary exclusion for a few years- enacted in 2008 I believe. Those people who went bankrupt or walked away from a house during those few years may get away with it- but millions of others will get caught in this IRS trap.

The IRS is the most vicious, ruthless collection agency on planet earth- and once they have you in their grips- it's hard to ever recover from their wrath. If you think you got away scott free- think again. You may have the IRS catch up to you after all!

And they will dog ya till you're dead and gone and probably for a time after that.

Being responsible with you're money- living below you're means- and advocating for smaller less intrusive government is in everyone's self interest- and it's in the best interest of the country as a whole.

BearMtnHIB wrote: The IRS is the most vicious, ruthless collection agency on planet earth- and once they have you in their grips- it's hard to ever recover from their wrath.

Yes they are SOBs, and the almost unlimited power of the IRS and Feds to tax is probably what has kept the USA credit rating at top notch for so long. In theory, there is nothing to stop the govt from taking 100% of peoples wages if they wanted to.

Imagine what it would have been like if there was a constitutional requirement for a flat maximum 15% tax on wages and investment, with no power to change the rate. I think we would have better budgeting and little debt, or the credit rating would tank.

BearMtnHIB wrote: Good topic and a very important topic. Dosn't suprise me that most posters here are ignorant of the ramifications - and this has nothing at all to do with the banks.

This is the IRS tax code- and our government who has instituted this law.

You don't know what youre talking about - Just talkin out of your ass again, thats why no one listens to you guys..Ya just make things up....

No credibility

BearMtnHIB wrote: The IRS is the most vicious, ruthless collection agency on planet earth- and once they have you in their grips- it's hard to ever recover from their wrath.

Another cut n paste...Do you rightwingretards ever think for yourselves? Ever?

Vice Lord wrote:

BearMtnHIB wrote: The IRS is the most vicious, ruthless collection agency on planet earth- and once they have you in their grips- it's hard to ever recover from their wrath.

Another cut n paste...Do you rightwingretards ever think for yourselves? Ever?

How is that a cut and paste? Google that sentence and see what you get genius.

BearMtnHIB wrote: and advocating for smaller less intrusive government is in everyone's self interest-

Lol at how you facists see yourselves..Youre in everybodies s***..You're in people bedroooms, bloodstreams and in womens wombs..You argue for intrusive government on just about every issue...

time to look in the mirror

CritiKalbILL wrote:

Vice Lord wrote:

BearMtnHIB wrote: The IRS is the most vicious, ruthless collection agency on planet earth- and once they have you in their grips- it's hard to ever recover from their wrath.

Another cut n paste...Do you rightwingretards ever think for yourselves? Ever?

How is that a cut and paste? Google that sentence and see what you get genius.

I read it somewhere else this morning...The entire post was a cut n paste from another message board

word for word

I read it somewhere else this morning...The entire post was a cut n paste from another message board

word for word

Really? If so they stole it from me because that post came from me- I did not copy it.

And I'd admit if I copied it- sometimes I do copy- most of the time I do not. If I copy somthing I have no problem admitting it.

These words I copied.....
"Good artist's copy.... Great artists steal"- Quoted from Steve Jobs who stole it from Pablo Picasso.

VL caught in another lie...big surprise.

Big surprise, LOL
And he still owes me $100 for watching his lame lefty propaganda video.

Liar Liar pants on fire VL!