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Posted on 9/23/21 at 2:40 pm to Aubie Spr96
quote:
Every small business needs to start accepting payment in crypto currency.
I'd love to if I could find an easy way to pay my bills with it.
Posted on 9/23/21 at 2:42 pm to c on z
The 10k number has been a myth for awhile. The number is lower. It's just been put out there for the idiots that think 9.5k is ok
Well hell, let's just make it $1.
quote:
If so, what’s the issue
Well hell, let's just make it $1.
Posted on 9/23/21 at 2:47 pm to MrLSU
I just got an email from Neighbors FCU about this. They seem pretty pissed.
Posted on 9/23/21 at 2:48 pm to MrLSU
Bottom 50% of earners about to start paying taxes 
Posted on 9/23/21 at 2:49 pm to MrLSU
Good for him, not stumbling after missing a word. Extremely hard with public speaking.
Posted on 9/23/21 at 2:50 pm to upgrayedd
Yep I got it too, I thought it was all BS until I received an email from them.
As Congress considers new infrastructure spending, lawmakers are considering unconventional sources of revenue to fund their plans.?One proposal under consideration would require financial institutions like Neighbors Federal Credit Union to report to the Internal Revenue Service (IRS) many activities on accounts with balances over $600.?
Such an unprecedented grab of your personal financial data raises several concerns:
This proposal would violate the personal privacy of consumers like you by forcing credit unions and other financial institutions to provide?the government with information that does not reflect taxable activity.
Financial institutions—particularly those in rural and low-income communities—would face a new and expensive regulatory burden that could make it untenable to serve those?consumers?already left behind by Wall Street banks.
The government relies on decades old data systems to store and secure IRS information. These systems have already been compromised in recent years,?and the addition of this type of data?only increases the likelihood of a future breach of your personal financial information.?
What We Need From You
?At Neighbors Federal Credit Union, we value civic engagement and believe it’s our duty to inform you when legislation is being discussed that could directly affect you.
Please consider lending your voice to this important effort—click on?this?link?to learn more and send an e-mail to your U.S. Representative.
Tell Congress to reject this new IRS reporting provision.
As Congress considers new infrastructure spending, lawmakers are considering unconventional sources of revenue to fund their plans.?One proposal under consideration would require financial institutions like Neighbors Federal Credit Union to report to the Internal Revenue Service (IRS) many activities on accounts with balances over $600.?
Such an unprecedented grab of your personal financial data raises several concerns:
This proposal would violate the personal privacy of consumers like you by forcing credit unions and other financial institutions to provide?the government with information that does not reflect taxable activity.
Financial institutions—particularly those in rural and low-income communities—would face a new and expensive regulatory burden that could make it untenable to serve those?consumers?already left behind by Wall Street banks.
The government relies on decades old data systems to store and secure IRS information. These systems have already been compromised in recent years,?and the addition of this type of data?only increases the likelihood of a future breach of your personal financial information.?
What We Need From You
?At Neighbors Federal Credit Union, we value civic engagement and believe it’s our duty to inform you when legislation is being discussed that could directly affect you.
Please consider lending your voice to this important effort—click on?this?link?to learn more and send an e-mail to your U.S. Representative.
Tell Congress to reject this new IRS reporting provision.
Posted on 9/23/21 at 2:51 pm to MrLSU
I got an email from neighbors telling me this.
I send a response email that their employees shouldn’t have voted Democrat.
I send a response email that their employees shouldn’t have voted Democrat.
Posted on 9/23/21 at 2:51 pm to c on z
quote:
Doesn’t this already happen with deposits over $10,000 or something? If so, what’s the issue?
Other than it creates additional costs for Banks/Credit Unions, why the hell should the government get to know?
Posted on 9/23/21 at 2:53 pm to MrLSU
mattress and safe sales about to explode
Posted on 9/23/21 at 2:54 pm to c on z
quote:
Doesn’t this already happen with deposits over $10,000 or something? If so, what’s the issue?
Why don’t you just post all of your transactions for us to see?
What’s the issue? Come on c on z, practice what your preach and vote for.
Posted on 9/23/21 at 2:54 pm to c on z
quote:
Doesn’t this already happen with deposits over $10,000 or something? If so, what’s the issue?
Jesus...
Posted on 9/23/21 at 2:56 pm to RogerTheShrubber
At this point, it's obvious he's a troll. I don't know why I even responded.
Posted on 9/23/21 at 2:59 pm to MrLSU
The proposal is not to monitor individual transactions but just the yearly gross inflow and outflow.
Posted on 9/23/21 at 3:01 pm to Bout_Dat_Lyfe
Spleen and c on z will be along shortly with their red armbands cheering this.
Posted on 9/23/21 at 3:02 pm to dgnx6
quote:
Why don’t you just post all of your transactions for us to see?
What’s the issue? Come on c on z, practice what your preach and vote for.
That's gonna be tough. He doesn't have a bank account.
Posted on 9/23/21 at 3:03 pm to Zappas Stache
quote:
The proposal is not to monitor individual transactions but just the yearly gross inflow and outflow.
It's just the Sudetenland, Mr. Chamberlain.
Posted on 9/23/21 at 3:05 pm to MorbidTheClown
quote:
but not THEIR bank accounts i'm sure.
Exactly. As with vaccine mandates, Congress will be exempted for “matters of privacy”.
Time for a real legit insurrection.
Posted on 9/23/21 at 3:05 pm to Jones
quote:
Yea those are easily monitored also
well, a lot of time yes, but sometimes no.
If you have a wallet address that has crypto on it that never touched a KYC exchange, they have no way to tie it to an individual.
If you are using a privacy coin like Monero, it is designed to not be able to track how Monero flows from wallet to wallet.
Posted on 9/23/21 at 3:05 pm to The Spleen
I’m not sure you’re being sincere. no one would be surprised if you advocated for this
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