Stir me up a pity pot. The rules were there, we go through our whole lives living under rules, the first set by our parents. We don't like the rules but there are consequences of ignoring them. You really going to believe this guy was just structuring withdrawals but his accountant failed to tell him the consequences of doing so? His tax consultant? Same with the poor dairy farmers wife did based on the bank telling her something but didn't do her own due diligence to make sure it was correct by running it past their account or tax consultant. Now you want to wipe out the entire baby boom generation who had to live by those same rules. Really dude?
Ask anybody and they'll tell you the tax exemptions those who come here from foreign countries legally get that enable them to have an advantage over their US counterparts. Go ahead and look it up how they also if working less than six month in the US don't have to pay taxes if they return back to their homeland. Which allows Kenny boy to bring his relatives over and switch them out every six months as they return to their homelands tax free. Maybe, just maybe that's part of his structured withdrawals. Who knows but it's hardly the fault of baby boomers WHO CAN'T do the same thing to their advantage.
The same baby boomer generation who witnessed the eroding away of their own livelihoods as their jobs were taken overseas. But yeah let's be worried, really, really worried about Kenny who was given a step up and over his American counterparts to be successful and how it's more likely than not he repaid the government by skirting the rules. You do know the US government has lost 2/3's of their small business tax revenue since 1985, right? Well golly gee, how on earth could that happen? By giving guys like Kenny special tax advantages and he repays them with a slap in the face. Arabs, Indians, Koreans own just about every convivence store, gas station, hotel, motel chains from here to California.
Yeah you got a lot to worry about, especially if you have kids coming up in this next generation because the next batch coming in is to set it up to take everything away from them, good paying jobs, benefits, social security, the whole nine yards that's still left out there in the way of decent jobs. The medical fields, tech fields, oil fields, the food production industry. Believe me it's your generation holding the vast majority of office in this country and they are way more evil than you could even begin to imagine. They are the indoctrinators of the indoctrinated. Yes I have meant them at my front door.
RE: Are you a baby boomer?