Buying and owning a home takes a bigger slice of a household’s income than it has at any time in the last 40 years, The Wall Street Journal reported.
Tag: taxes
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U.S. SUPREME COURT ALLOWS IRS TO CARRY OUT SECRET, WARRANTLESS SEARCHES OF INNOCENT TAXPAYERS’ BANK ACCOUNTS
WASHINGTON, DC — In a unanimous opinion, the U.S. Supreme Court is allowing the IRS to go on secret, warrantless fishing expeditions through innocent taxpayers’ bank records in order to identify and collect unpaid taxes from family members and associates who have no legal interest in those bank accounts.
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RUTHERFORD INSTITUTE ASKS SUPREME COURT TO REIN IN THE IRS’ UNCONSTITUTIONAL POWER GRABS, WARRANTLESS SEARCHES OF INNOCENT TAXPAYERS’ BANK ACCOUNTS
Warning against unconstitutional power grabs and overreaches by the IRS, The Rutherford Institute has asked the U.S. Supreme Court to restrict the tax agency’s authority to carry out warrantless searches of innocent taxpayers’ bank accounts and financial records as part of its efforts to identify and pursue the funds of associated family members and friends with delinquent taxes.