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Started By
Message
re: Democrats to scale back Treasury’s IRS bank reporting plan amid GOP uproar
Posted on 10/19/21 at 1:54 pm to Indefatigable
Posted on 10/19/21 at 1:54 pm to Indefatigable
Yep.
$600 was their opening offer because they figured they could scale back to this.
Problem is that this is still WAY too intrusive. And honestly it would be intrusive if the amount going through an account were ten times that annually.
$600 was their opening offer because they figured they could scale back to this.
Problem is that this is still WAY too intrusive. And honestly it would be intrusive if the amount going through an account were ten times that annually.
1
Posted on 10/19/21 at 1:55 pm to teke184
quote:
And honestly it would be intrusive if the amount going through an account were ten times that annually.
It's unacceptably intrusive for the reporting requirement to exist at all, regardless of threshold. If the GOP gets behind this, I hope they never win another election, because they do not deserve it.
Posted on 10/19/21 at 1:57 pm to NashvilleTider
quote:
Biden administration proposal to crack down on wealthy tax cheats after conservative groups and the bank industry raised major privacy concerns
Because the super wealthy are always trying to get one over on the IRS , $600 at a time.
F this propaganda BS “ journalism “
Posted on 10/19/21 at 1:58 pm to SouthEasternKaiju
If one is a “wealthy tax cheat”, you are either not making bank deposits (safety deposit box full of cash) or you are laundering money so well that it looks like legitimate business income.
Posted on 10/19/21 at 1:59 pm to NashvilleTider
The Left: Women must be allowed to murder their babies because they have a right to privavy.
Also the Left: If you move modest sums of money around tell us, and prove you aren't a tax cheat because you probably are.
Also the Left: If you move modest sums of money around tell us, and prove you aren't a tax cheat because you probably are.
Posted on 10/19/21 at 2:01 pm to NashvilleTider
quote:
$10,000 in annual deposits or withdrawals,
Lol
Posted on 10/19/21 at 2:31 pm to Indefatigable
quote:
If the GOP gets behind this
They don't have a say in this matter. It's part of the massive reconciliation bill that no GOP in either chamber will vote for. The dems can pass it without a single GOP vote.
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