Another insidious part of these proceses, I assume in the US and elsewhere, is that the rigidity of the process and the asymmetrical information leads to advantages for insiders. Let's say an IRS agent tells a friend that these valuable cars are going to auctioned within a 2 hour window, no chance to inspect by Don, in a remote location, etc, and the buyer will be an insider at a discount value. The best thing the owner can do is provide information about the cars to everybody. But then again I do not know if the IRS will use the proceeds against the debt owed, or maybe had them appraised at confiscation time and they credited that value.
Anyway, I upset many when I expressed displeasure the IRS got ~89B$ mostly for increased audit resources. I would rather pay a higher gasoline tax, which is easy to collect, and weaken the role of the IRS and the income tax. Maybe the Europeans have this balance right. Tax a bit more the consumption and less the income...
Anyway, I upset many when I expressed displeasure the IRS got ~89B$ mostly for increased audit resources. I would rather pay a higher gasoline tax, which is easy to collect, and weaken the role of the IRS and the income tax. Maybe the Europeans have this balance right. Tax a bit more the consumption and less the income...