James Traficant: “on the advice of their accountant, the Barrons of New Hampshire took…”

On the recordSeptember 3, 1997

on the advice of their accountant, the Barrons of New Hampshire took an $80,000 investment loss. Years later, the IRS came in, they said no, and they hit the Barrons with a $330,000 tag in penalties and interest; $330,000, unbelievable. The pressure was so great Bruce Barron killed himself. After the death, the IRS took the home, took everything they had. Beam me up, Mr. Speaker. Under a new law, Mrs. Barron is suing the IRS, and I say, right on. I hope the IRS gets their assets kicked all the way up to their gestapo tactics. The IRS, after all, has deserved it; the IRS has earned it. Think about it, Congress, and I yield back all the rest of that IRS loan sharking and ripoffs of interest and penalties.

Said by

James Traficant

Ohio

Source

govinfo.gov

Editor's note · Context

Discussing the impact of IRS penalties on the Barron family and supporting a lawsuit against the IRS.

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James Traficant: “on the advice of their accountant, the Barrons of New Hampshire took an $80,000 investment loss. Years later, the IRS…”

Editor's note · Context