Where in the Constitution dose it say our goverment is a debt collector for banking institutions?
some credit card companies if you settle a debt with them for less than the amount owed the IRS will tax you on the rest as income
while tax payers have bailed out banks and now they are making huge profits
Posted July 18th, 2010 in Debt Settlement. Tagged: banks, credit card companies, irs, profits, tax payers.
The legal position is that the credit card company has provided you with something of value, in exactly the same way as if you won the lottery. The IRS claims the right to tax you on this.
The law needs to be changed.
July 18th, 2010 at 9:25 pmthe Constitution doesn’t matter when the left is in control, I think obama actually used it to role a joint after he smoked a few rocks
July 18th, 2010 at 9:25 pm