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Biden wants to see ALL of your financial transactions

Posted on 9/2/21 at 10:24 am
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10708 posts
Posted on 9/2/21 at 10:24 am
Tell Congress: Don't Let IRS Invade My Privacy
LINK - https://www.icba.org/bank-locally/consumer-alert-from-icba
quote:

Tell Congress: Don't Let IRS Invade My Privacy

The Biden administration is proposing requiring financial institutions report to the IRS all transactions of all business and personal accounts worth more than $600.

This is an unprecedented invasion of privacy.




Posted by Double Oh
Louisiana
Member since Sep 2008
17819 posts
Posted on 9/2/21 at 10:26 am to
He can eat a di ck
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67488 posts
Posted on 9/2/21 at 10:26 am to
Hey Joe...here's my main account
Posted by tiger91
In my own little world
Member since Nov 2005
36709 posts
Posted on 9/2/21 at 10:27 am to
Are they going to withhold healthcare and treatment for those who eat out too many times???

Or for those who buy cigarettes???
Posted by PiscesTiger
Concrete, WA
Member since Feb 2004
53696 posts
Posted on 9/2/21 at 10:27 am to
Impeach now. Will deal with Harris accordingly.
Posted by Y.A. Tittle
Member since Sep 2003
101454 posts
Posted on 9/2/21 at 10:28 am to
quote:

worth more than $600.


What the frick?
Posted by NytroBud
LaFayette
Member since Jun 2009
4070 posts
Posted on 9/2/21 at 10:28 am to
quote:

accordingly.

.308 or .30-06?
Posted by bamapoet
North Alabama
Member since Nov 2011
532 posts
Posted on 9/2/21 at 10:29 am to
In other words, they will be looking at Republican's bank accounts. We know a democrat will never have $600 in the bank.
Posted by OMLandshark
Member since Apr 2009
108541 posts
Posted on 9/2/21 at 10:29 am to
quote:

IRS all transactions of all business and personal accounts worth more than $600.


Who the frick isn’t worth more than $600? Seriously multiple times in the month just by receiving a pay check you go in and out of that category. Everyone who got the $1200 relief check meets this requirement.
Posted by Zach
Gizmonic Institute
Member since May 2005
112491 posts
Posted on 9/2/21 at 10:30 am to
Is the motive to stop small business people who deal in cash to avoid income tax?
Posted by OMLandshark
Member since Apr 2009
108541 posts
Posted on 9/2/21 at 10:30 am to
quote:

We know a democrat will never have $600 in the bank.


If you’re not a cashier at McDonald’s or on welfare then you’ve got $600 in the bank.
Posted by SirWinston
PNW
Member since Jul 2014
81824 posts
Posted on 9/2/21 at 10:31 am to
Posted by bamapoet
North Alabama
Member since Nov 2011
532 posts
Posted on 9/2/21 at 10:32 am to
quote:

If you’re not a cashier at McDonald’s or on welfare then you’ve got $600 in the bank.


Exactly
Posted by UTMaverick
Somewhere in Texas
Member since Feb 2021
555 posts
Posted on 9/2/21 at 10:33 am to
It's not only that, it's a means to watch small businesses and consumers, and their spending habits. A back door to gun control and other political issues.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26783 posts
Posted on 9/2/21 at 10:34 am to
quote:

and personal accounts worth more than $600.


You are the enemy! Submit to the greater good! Oh benevolent chairman xiden!
Posted by rumproast
Member since Dec 2003
12095 posts
Posted on 9/2/21 at 10:37 am to
Welp....looks like we will have to do all our transactions in $500 increments. If you need to withdraw $1000, then you will have to do two withdraws of $500 each. This really is ridiculous.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68676 posts
Posted on 9/2/21 at 10:37 am to
So are they going to flag me for pulling out cash and them not being able to track where i spent that money?

Posted by Revelator
Member since Nov 2008
58040 posts
Posted on 9/2/21 at 10:39 am to
quote:

Are they going to withhold healthcare and treatment for those who eat out too many times??? Or for those who buy cigarettes???


They want to micromanage every aspect of your life
Posted by teke184
Zachary, LA
Member since Jan 2007
95745 posts
Posted on 9/2/21 at 10:42 am to
As if the $10K requirements to check for structuring aren’t annoying enough.

If I want $600 a day in my own money from an ATM it is my goddamn right to be able to.


I’d be tempted to set up micro transactions of $1 to run 600 times to pay off bills just to frick with these idiots.
Posted by teke184
Zachary, LA
Member since Jan 2007
95745 posts
Posted on 9/2/21 at 10:42 am to
Which is pretty ballsy for a bunch of idiots who can’t do anything right themselves.
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