Originally Posted by
greentips
This is highly inaccurate. Where my cash goes or does not go is none of the business of the federal government. It has no right to track cash that I or anyone else spends or hides away, once I have paid taxes due on earnings. The only government interest in my cash is: Did I pay the appropriate tax on any income that I made? If the answer is yes, the government's interest in my cash ends. Whether I spend it on peanut butter or rare diamonds. The government may like to know where my cash came from but it is none of its business, as long as it was properly declared and I have paid the appropriate income tax on it.
You cannot be prosecuted for destroying your own personal property, as long as you are not attempting commit some crime by doing so.
Destroy a single dollar bill and you can be prosecuted for destroying government property. You don’t own the cash, the government does. The government backs it, secures it to ensure that its value is not reduced by fraud or counterfeiting, guarantee’s that the face value is backed by the full weight of the US government, and that the real value that your one dollar bill represents is backed by some tangible asset.
IOW, it’s the governments cash. It represents something of value, be that time, energy, metals, or information. What it represents may be yours, but the instrument itself belongs to the government.