Stealth Taxation - Part III

Finding ways to tax Americans without their beingmajor penalties imposed by agencies such as the
aware of it seems to be the name of the game forSEC, FCC, etc. For example, in 2004, Time Warner
politicians and bureaucrats, and generally what shouldagreed to a settlement with the Securities and
be readily transparent to taxpayers is deliberatelyExchange Commission (SEC) that included a $750
obscured.million fine. And, in 1995 the international accounting firm
For example, we usually don’t think of the fines thatKPMG agreed to pay a $456 million fine to the SEC in
are generated by our local police or sheriff’sa case that involved tax shelter investments.
department for traffic and other infractions as taxes -When an agency takes in a fine amounting to
or, city and county fines for violations of building codes,hundreds of millions of dollars, the money disappears
or OSHA fines for workplace safety violations, or FCCinto the black hole of government accounting, and no
fines for inappropriate radio and TV programming.one ever seems to ask what happened to it.
Many of these fines can be exceedingly harsh,The explanation usually given is that these fines are
especially for small businesses or non-profits, many oflevied to recover the costs of investigation and
which have a hard time staying afloat.enforcement incurred by the agency involved.
Just about every government agency levies someHowever, funding of government agencies does not
sort of fines for infractions of various rules. And,appear to be reduced by the fines and penalties it
although estimates of potential revenue from thesecollects in excess of those amounts that may be built
sources are included in the annual budgets of mostinto their budgets. If that’s the case and the
government agencies, they are really just anotherinvestigating agency recovers more than the amount
form of stealth taxation. As far as I know, other thanof revenue budgeted from this source, why isn’t
city councils, county boards of supervisors and the like,their funding reduced accordingly?
not one citizen of any community ever has theIf you think about it, fines and penalties are actually
opportunity to vote on them.another form of stealth taxation: first the public is
Property has often been confiscated and sold, eventaxed to fund the operation of an agency, law
though the owner was not involved in anything criminal,enforcement, regulatory, etc. And, when revenue from
and they did not have to be accused or charged withfines exceeds budgeted amounts, instead of using the
a crime. The police have been able to go to court and,excess to offset operating expenses, the money is
without a trial, obtain a court order to confiscate andused for some other purpose. At the very least, the
sell the property of someone who was suspected ofpublic pays the cost again by virtue of the fines that
a drug crime. The mere fact that the property wasare not applied to help cover the costs of funding the
involved in some way has been sufficient. The theoryagencies involved by a like amount.
that makes this possible is based on “a technicalityAnother interesting fact is that fines and penalties are
in the law that allows the government to claim that it isnot tax deductible. When violators, corporate or
suing only the item of property, not the property’sindividual, pay their income taxes, in effect they pay
owner.”additional taxes on the amount of the penalty that has
Even if that’s justice, what happens to the money?been imposed because it cannot be included as part
Between 1991 and 1995, Federal confiscation ofof the cost of doing business. Thus, a $450 million
property under the forfeiture laws increased by 1500corporate fine could actually amount to something on
percent, to a total of $644 million. And, seizure ofthe order of $600 million ($450 million plus $150 million
property by state and local governments alsotax).
amounted to hundreds of millions of dollars.When it comes to finding ways to fleece taxpayers
But the amount of money that’s generated bywithout their even being aware of it, politicians and
forfeiture laws is only a small part of the total fundsbureaucrats are usually found at the head of the class.
received by government from fines and penalties,But, that’s just my opinion.
ranging from the lowly citation for illegal parking to©2008 Harris R.