If You Owe Taxes Can They Suspend Your License?

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  • Опубликовано: 4 ноя 2024

Комментарии • 7

  • @RomeoHatesShrimp
    @RomeoHatesShrimp 10 месяцев назад +1

    I'm going through REG atm and this section of regulation, and there's a difference between the punishments between owing STATE and FEDERAL taxes.

    • @LoganAllec
      @LoganAllec  10 месяцев назад +1

      Yup…and in general states are more aggressive.

  • @TheArtOfDean
    @TheArtOfDean 10 месяцев назад +3

    Starting off with the $17,000 almost seems like they're zero tolerance. Good grief.

    • @LoganAllec
      @LoganAllec  10 месяцев назад +4

      Smaller, relatively low-tax states can be very aggressive even with what most would consider "small" amounts of tax debt.
      A big part of this is that smaller, low-tax states simply don't collect much in taxes, so in a very real sense "every dollar counts."
      The federal government, which collects about $5,000,000,000,000 (five trillion dollars) in taxes every year starts blocking passport renewals at $59,000 in tax debt (that's the 2023 figure). $59,000 is 0.000001% of $5,000,000,000,000.
      To put it in perspective, Kentucky collects about $15,000,000 in taxes every year, and $17,000 is about 0.1% of that.

    • @TheArtOfDean
      @TheArtOfDean 10 месяцев назад +1

      @@LoganAllec interesting. Thanks.

  • @HavingCoffieWithMrSatan
    @HavingCoffieWithMrSatan 10 месяцев назад +1

    Mr Satan said reeee😊