The Administration looks to upend the Constitution in order to obtain the money necessary to “reshape” America. The Bank Reporting provision may have been defeated. So, the Wealth tax has been introduced as an alternative. The Constitution appears to stand in the way. The 4th Amendment proclaims “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated.” This amendment, I believe, prohibits the administration’s Bank Reporting proposal.
The 16th Amendment allows Congress the “power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” The 16th Amendment does not allow the taxation of unrealized value – as that isn’t “Income.”
Attorney Steven A. Leahy interprets the Constitution in a way the protects American Citizen’s privacy, property and dignity.
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649
