The IRS Stole My Father’s Life Savings

by | Nov 22, 2016

The IRS Stole My Father’s Life Savings

by | Nov 22, 2016

My father, Khalid, has been robbed twice at his convenience store in Greenville, N.C. The first time happened a few winters ago – the thief stole $2,000 before bashing my father in the head with a gun barrel. Then in June 2014, my father was robbed again.

K. Quran

This time, the thief was the United States government. Using a power called “civil forfeiture,” the IRS raided my father’s bank account and seized his entire life savings: more than $153,000. He was never charged with a crime.

After seizing the account, IRS agents and local authorities descended on my father’s store. Without a warrant, they searched the place with dogs and blocked customers from entering.

The agents told my father he had committed multiple “structuring” violations, simply by making multiple cash withdrawals that were under $10,000. But he only withdrew enough money to keep the store operating, and had no idea withdrawing money from his own bank account could risk legal trouble.

The raid was a total shock.

Read the rest at The Charlotte Observer

Our Books

Shop books published by the Libertarian Institute.

Podcasts

scotthortonshow logosq

coi banner sq2@0.5x

liberty weekly thumbnail

Don't Tread on Anyone Logo

313x0w (1)

313x0w (1)

313x0w (1)

Our Books

Recent Articles

Recent

The ‘Fake China Threat’ Vindicated

The ‘Fake China Threat’ Vindicated

For several years and in a variety of works at the Libertarian and Mises Institutes, I have argued that Washington’s bipartisan consensus about Beijing as an aggressive, revisionist challenger to U.S. global supremacy was deeply misguided. Far from seeking global...

read more

Pin It on Pinterest

Share This