How will Joe Biden GOVERN? General Biden Administration F**kery Thread

NkrumahWasRight Is Wrong

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With that monitoring $600 transactions chit in people bank accounts they bout to hit everybody with new taxes.

“The IRS financial institution reporting requirement forces financial institutions to turn over detailed bank account information to the IRS based on vague and ‘flexible’ criteria, such as a $600 threshold and account inflows and outflows, which are determined by the IRS,” Crapo said in a statement.

Man what the fukk is this bullshyt :hhh: fukking horrendous

Every pay check gonna be subject to monitoring?

:hhh:

:hhh:

Might as well do my taxes for me while they're at it
 

CrimsonTider

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With that monitoring $600 transactions chit in people bank accounts they bout to hit everybody with new taxes.

Man what the fukk is this bullshyt :hhh: fukking horrendous

Every pay check gonna be subject to monitoring?

:hhh:

:hhh:

Might as well do my taxes for me while they're at it

Don’t matter what type of man power you think they have. They ain’t collecting that data for nothin.

IRS has always had the authority to do this and it’s nothing anyway

.
Unfortunately, bank lobbies are spreading false claims about this proposal. One example is a scripted message to Congress claiming that the proposal would require reporting of “all transactions of all business and personal accounts worth more than $600.” That is flatly false. Banks would be required to provide just aggregate numbers to the IRS after each year—gross inflow and gross outflow—and not individualized transaction information.

and y’all told me only dumb anti vaxxer fall for misinformation
 

eastside313

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IRS has always had the authority to do this and it’s nothing anyway



and y’all told me only dumb anti vaxxer fall for misinformation
Irs reported transactions over 10k. How is it nothin when the government ready to be all up in everybody bank account.
 

CrimsonTider

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Irs reported transactions over 10k. How is it nothin when the government ready to be all up in everybody bank account.
The IRS can access anyone’s bank account if they choose to do so

this proposal is about banks reporting total transactions of bank accounts with at least $600 in them

a lot of rich people are under reporting income by moving money through banks accounts with little money in them
 
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