Sorry, the Swamp has now made tax cheating acceptable

Swamp thieves on the prowl:

The iceberg: FATCA is the enforcement mechanism for a tax policy called Report of Foreign Bank and Financial Accounts (FBAR). FBAR spells out the compliance requirements of “United States persons” who have foreign accounts that amount to $10,000 or more at any point in one year. Those accounts and other assets are considered taxable by the IRS even if the “United States person” lives and earns abroad. FBAR has been less than effective in collecting taxes, however, because the IRS must rely on voluntary reporting, snitches or luck. Enter FATCA. Passed in March 2010, FATCA imposes extensive requirements on foreign banks and financial institutions to report on the accounts and transactions of American clients. It does not target individuals but institutions. Or, rather, it targets individuals by strong-arming institutions to provide open access to their accounts.

The Swamp ignores law  as we all know, and Congress operates a rigged money game. Plus some 85% of us despise the place, and about 35% lof us are secessionists. And the black market thus grows faster than taxes due.  That makes tax collection impossible, until the Swamp is defeated.