If you pay your mortgage you are a assumed to be a cheat. The ACORN-Obama voter types get endless bailouts, handouts and freebies, pay no taxes and have their hands out for more.
At this point, one might say something negative about the blood-sucking IRS; but then again, one might be audited...
Just ONE more reason to abolish the IRS and the income tax.
IOW, anyone who is retired and living off their pensions and investments. Another FU from Obama's Most Open and Honest Administration in History.
I know that when some states did this they uncovered a number of tax cheats, some of them owing a considerable amount of back taxes.
So then you should default on your mortgage. The government will have pity on you and pay your mortgage, and won’t audit you.
If you are so foolish as to work hard and pay your bills like a RESPONSIBLE person, the government will put on the glove, apply a lubricant, and inspect you where you lose all your dignity.
Do I get the impression that the government hates responsible, hard-working, thrifty people?
Ping.
“Paying mortgage will increase chances of audit..”
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Based on the demographic breakdown of just WHO is more likely to default on their mortgages, this is blatant racial profiling by the zero administration.
Anyone surprised?
Of course the people who are just fine with the Obama IRS poring over mortgage information are the same people whose panties were in a knot over the Bush NSA intercepting enemy communications.
I have an acquaintence who makes a good six figures and hasn’t filed a return in almost two decades. Interestingly, he pays all state business taxes.
He also rents his home. Hmmmm...
Way beyond time to take indivuals off the federal tax role.
Sales tax or simply have the States pay a tax to cover Constitutionally authorized expenses.
IMHO they are tryig to make it hard to go "GALT".
Rumor was at the Sun and Fun Flyin the FAA or DOT wanted to get rid of the LSA catagory, it requires no medical.
With that said, when do they use all this data for ultimate control.....
I love the premise-if you’re not going bankrupt under Obamanomics, you’re corrupt. It actually is consistent with Obama’s policy, which is to inflict hardships only on hard working, honest Americans.
This is just the first step....what the IRS is really after, is a one tax system, where all taxes are paid into the IRS, and they in turn pay the State and city taxes....that way they can link reported income to property taxes....welcome to the Brave new world....
READ THE ARTICLE PEOPLE. NOT JUST THE HEADLINE.
It makes sense to me. As a non-tax cheat I want everyone who IS cheating to be caught and made to pay up.
What they are going to do is not gather more data but do more with the data they already have. They are proposing comparing income to mortgage interest. Makes sense to me.
State of California did this to me. Didn’t file one year because I’d had no income in that state, but they saw that I’d paid mortgage interest.
So, they imputed that my income was a least three times said mortgage payment and sent me a bill for the income taxes on that amount.
In essence, they just made up a number out of thin air and went on to enforce it to the point of grabbing the funds directly out of my bank account.
Coming soon on a Federal level.
Geeze, what a shmuck. I pay our mortgage on time every month. Have since we bought our house. Even during periods of unemployment, always made sure that we had six months worth of mortgage payments saved up.
Didn’t realize being responsible meant screaming for an audit.
This appears to be aimed at the self-employed taxpayer who understates his income.
Someone who pays $30,000 mortgage interest, but makes an annual income of $25,000, might have additional sources of income which is not being reported, or under-reported.
I think the bigger question here is why does the IRS get access to this info in the first place? Why are my mortgage payments a matter of public record?
bttt