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Started By
Message
1
Posted on 9/23/21 at 4:27 pm to Deactived
quote:
The entire getting around the govt/taxes/etc is a farce with crypto
I dare the government to try and follow my trail of shitcoins.
Posted on 9/23/21 at 4:32 pm to cable
I farm 30k a month in points.
So how about they mind their business
So how about they mind their business
Posted on 9/23/21 at 4:32 pm to MrLSU
Your title is incorrect. This isn't just for transactions exceeding $600--it's for any bank account with a balance over $600. Very alarming.
Posted on 9/23/21 at 4:33 pm to MrLSU
This is stupid, if true. Has any one actually seen the verbiage in the bill that the senator is referring to? I'd like to read it.
Posted on 9/23/21 at 4:36 pm to mmmmmbeeer
quote:
This is stupid, if true. Has any one actually seen the verbiage in the bill that the senator is referring to? I'd like to read it.
Here you go. Page 88, first paragraph under the "proposal" section:
quote:
The
annual return will report gross inflows and outflows with a breakdown for physical cash,
transactions with a foreign account, and transfers to and from another account with the same
owner. This requirement would apply to all business and personal accounts from financial
institutions, including bank, loan, and investment accounts,2 with the exception of accounts
below a low de minimis gross flow threshold of $600 or fair market value of $600.
This post was edited on 9/23/21 at 4:37 pm
Posted on 9/23/21 at 4:43 pm to bee Rye
No one will ever get my sloth coin off of cryptopia
Posted on 9/23/21 at 4:52 pm to MorbidTheClown
The bill also has a provision to hire 87k new IRS employees.
Posted on 9/23/21 at 5:00 pm to tigercross
quote:
Here you go. Page 88, first paragraph under the "proposal" section:
Don't worry, that retard will laud the bill as necessary to keep the public safe or some dumb shite like that
Posted on 9/23/21 at 5:02 pm to Deactived
quote:
The entire getting around the govt/taxes/etc is a farce with crypto
You can compare crypto to cash. If you want to use crypto in a normal society, you will be able to be tracked and can't avoid Uncle Sam.
Posted on 9/23/21 at 5:07 pm to tigercross
quote:
transfers to and from another account with the same
owner.
quote:
with the exception of accounts
below a low de minimis gross flow threshold of $600 or fair market value of $600.
So, if you transfer $601 from your checking to your savings, they are going to flag it?
This post was edited on 9/23/21 at 5:08 pm
Posted on 9/23/21 at 5:11 pm to LegendInMyMind
quote:
So, if you transfer $601 from your checking to your savings, they are going to flag it?
The same people who told us Trump was a dictator are doing/supporting shite that he never even came close to doing.
Posted on 9/23/21 at 5:12 pm to The Spleen
I remember when you screamed about Ronald Drumof being a dictator 
Posted on 9/23/21 at 5:18 pm to Bout_Dat_Lyfe
I don’t see any viable reason anyone should defend this unless they personally gain from that law. Congress is full of chodes.
Posted on 9/23/21 at 5:35 pm to LegendInMyMind
quote:
So, if you transfer $601 from your checking to your savings, they are going to flag it?
What is scary is that I routinely move amounts under $600. There is likely some sort of structuring crime now that would allow them to freeze and seize my bank accounts.
Posted on 9/23/21 at 5:50 pm to LegendInMyMind
quote:
So, if you transfer $601 from your checking to your savings, they are going to flag it?
If your annual gross flow is $600.01 it gets reported. Or if you have an account worth that much. This will impact almost every person with a job.
Posted on 9/23/21 at 5:55 pm to Aubie Spr96
quote:
Cash would also be acceptable
Banning cash is coming next.
Posted on 9/23/21 at 5:59 pm to tigercross
They want to know what you are purchasing. It is how they’ll shutdown unacceptable purchases.
And they called Trump a dictator.
Progressives/Democrats are exactly what they accuse others of.
Just look at The Spleen and Zappas Stache. It does not amaze me that those two would support this.
Then you have others like mmmbeer who purposefully remain ignorant because it harms their political party.
Apparently c on z is perfectly fine with it too.
These people are nuts.
And they called Trump a dictator.
Progressives/Democrats are exactly what they accuse others of.
Just look at The Spleen and Zappas Stache. It does not amaze me that those two would support this.
Then you have others like mmmbeer who purposefully remain ignorant because it harms their political party.
Apparently c on z is perfectly fine with it too.
These people are nuts.
This post was edited on 9/23/21 at 6:11 pm
Posted on 9/23/21 at 6:08 pm to c on z
The only solace I find in what the leftists are doing to my country is when the time comes it will be useful idiots like you and Zappa who are among the first they will put up against the wall.
This post was edited on 9/23/21 at 6:11 pm
Posted on 9/23/21 at 6:16 pm to Doink
quote:
I don’t see any viable reason anyone should defend this unless they personally gain from that law. Congress is full of chodes.
Every republican candidate will have their bank accounts combed through and information leaked. Did a candidate travel for work? Lines of women will line up with dates exactly matching hotel stays alleging sexual advances.
Remember the IRS during Obama? How many left wing non profits were investigated and audited? How many officers or donors were threatened with audits? It will be the same thing, but exponentially worse snd one sided.
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