Here is the scenario. A soldier serves in war time. They were once game-fully employed. They return injured and often become un-employable. Many are relegated to the 100% Disabled Permanent and Total status. While they await that rating, which could be several years in the coming, they may work to the best of their ability. By the time the rating is granted they may well owe taxes. However the compensation they now receive from the Veterans Administration is exempt from any levy by way of the CFR Title 38.
That soldier may well have attempted to make an Offer-In- Compromise to the IRS. That agency has never been staffed well enough to answer the requests in a timely fashion, and will often change the rules midstream. Life is dynamic. Income is not a static state. The one time earning ability of that soldier is now compromised for life, making the offer in compromise invalid once the disability claim is processed. That soldier will frequently have no assets to speak of that will accrue to his or her benefit.
So the question is this…why in the world does the IRS place liens on our nations disabled veterans who have permanent 100% ratings for the balance of their mortal life? They are no longer permitted to earn any monies outside the compensation that is granted them.
So they have just been punished and sent to debtors prison for having served their country and placed themselves in harms way to defend the very system from which the IRS derives its existence. They are awarded a scarlett “L” for Lien for the balance of their life. It will follow their children to the grave.
Cruel? Inhumane? You choose the adjective you like, but I say it should be known from shore to shore and be the source of some pretty hefty moral outrage.
When you have hundreds of convoluted,conniving and outright dishonest tax schemes and strategies implemented by the uber wealthy, then this relegation of our combat veterans looks pretty damn bad. With all the paid in advance for bitching about taxes, this year will be one of the best since the 1930′s for this set of elite tax dodging Americans. The effective tax rate for these titans of commerce will be about 17%. For the next 1.4 million people who make up the top 1% of taxpayers, the rate will be about 23%. The lowest in nearly 60 years!
The kicker! Many have made their fortunes off two wars that are now longer than the Vietnam war. The profiteering is staggering. Yet a 100% Disabled veterans cannot by granted tax amnesty. That is reserved for the likes of Donald Trump, Philip Anschutz and thousands of Fortune 50o executives who have the loot to play the game of Trust Freezes and Option Options and Friendly Partner tax schemes. Parker Brothers should patent these strategies as games, so we can teach our children how to cheat with clandestine tactics to never pay a dime in taxes. And the vet has to worry about renting an apartment or his or her employer seeing a lien on their credit report.
Anyone peeved yet? Well please ask your Congress person to address this before the 2o12 election. There are 22 million of us, I think we can make a difference.
Now that we got that off our chest, here is the next one.
Did you know that a veteran of war who acquires the diagnosis of Post Traumatic Stress Disorder,(PTSD), cannot get a Life Insurance policy? And I do not mean a rapacious term policy that is only a capital call for the insurance industry. I mean a straight up whole life policy like the VA grants to its disabled veterans, but only for a maximum of $20,000.00.
The industry has this notion that the life span of PTSD veterans is shortened. Do they not watch those 93 year old World War ll veterans on the History Channel? I have asked 5 major insurers to provide me with the epidemiological studies that corroborate this finding of their actuaries. None have responded. Knights of Columbus declined to answer why, and a John Hancock agent just commiserated with me and agreed that is was sad. USAA, who do a stellar job with veterans does have a product, but not very attractive pricing.
One thing that is missing in their decision tree, is consideration of the cohort groups that have sought and completed treatment programs that are now considered to be quite successful in ameliorating symptoms of war if caught early enough.
I had one financial maven tell me to just advise the veteran to lie. “Do not release your VA medical records,” he said. If asked if you have an insurance policy, say no…the VA is not a policy! I do not advise this, but it shows the gravity and injustice of a system that gives lip service to veterans but does not walk the walk.
The number of veterans with head injuries that are permanent has increased by 240% over the past 9 years. These combatants will not be in the conventional work force ever again. One Marine suggested, “head injuries are the weapon of mass destruction sent home.” Wow, tears.
But, do you think they may owe some taxes? I say clean the slate for them, implement some realistic patriotism, and go get the loot from Exon and General Electric.
So how is this for the “Support The Troops” movement?
This blog is titled Veteran Veritas, meaning, Truth. Sometimes it is not so comfortable.