No, I’m not implying by the title of this post that we won’t return to good economic times. Rather, I’m commenting on the death of an outrageous tax fraud scheme.
Back in November 2007 I wrote about the conviction of Global Prosperity co-founder David Struckman. The Global Prosperity scheme was simple. Just return your social security cards to the government, and you won’t have to pay taxes; the 16th Amendment was never ratified; and the IRS can’t collect taxes in any of the fifty states (only in U.S. territories and possessions). Amazingly, 44,000 individuals fell for this bunch of hogwash.
All of the above is, of course, as phony as a $3 bill. If you are ever told any of these “truths” turn the other way—fast. Dan Evans’ Tax Protester FAQ is an excellent source on these bogus arguments.
In any case, another co-founder of Global Prosperity, Daniel Andersen, is nearing the completion of his two-year term at ClubFed. The Justice Department asked and received an injunction against Mr. Andersen from promoting any fraudulent tax schemes.
As usual, if it sounds too good to be true it probably is. Global Prosperity’s schemes were just that.