3 ms·
The amounts in this case were already excessive. As the Court's opinion notes, Taylor only owed about $2300 in unpaid taxes, but $13,000 in interest and penalti
by pdonis 3y ago
The amounts in this case were already excessive. As the Court's opinion notes, Taylor only owed about $2300 in unpaid taxes, but $13,000 in interest and penalties. Excuse me? When the interest and penalties are more than five times the base amount, something is amiss.
- bombcar 3y agoInterest makes some sort of weird sense, but since the government is (effectively) perpetual and unending, it can just wait. Charge interest on the unpaid tax equivalent to the prevailing bonds it is issuing, and upon death, seize the estate or a portion thereof.