Asset Forfeiture and the Income Tax

by Tate Fegley

While you are likely still recovering from Tax Day, don’t be lulled into thinking that the pain is over. Your property is never fully safe from government confiscation.

One of the few areas of innovation in which the state excels is how to extract ever more wealth from the productive class, and one of the fastest growing sources of revenue for insatiable governments is civil asset forfeiture (CAF).

What Is Civil Asset Forfeiture?

Law enforcement agencies engage in CAF when they suspect that your property was either used in the commission of a crime or if your property was gains from the commission of a crime. Officials do not need to prove anything in court in order to seize your property; rather, they simply take it and you are forced to prove the “innocence” of your property in order to get it back.

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