- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The $600 IRS Bank Account reporting. (GUNS)
Posted on 10/8/21 at 9:55 am
Posted on 10/8/21 at 9:55 am
I don't trust these sobs.
I feel this is no more than an attempt to monitor gun and ammo purchases.
If these people banned ar15s and the announced they would monitor your bank account, it would make perfect sense.
But if they monitor your bank account first, people would not make the connection. They can work on banning guns after the new bank law is in place.
I feel the IRS under Biden would gladly give info to the FBI.
BTW. What's the beginning cost of an ar15? About $600. Kind of ironic isn't it?
I feel this is no more than an attempt to monitor gun and ammo purchases.
If these people banned ar15s and the announced they would monitor your bank account, it would make perfect sense.
But if they monitor your bank account first, people would not make the connection. They can work on banning guns after the new bank law is in place.
I feel the IRS under Biden would gladly give info to the FBI.
BTW. What's the beginning cost of an ar15? About $600. Kind of ironic isn't it?
This post was edited on 10/8/21 at 12:17 pm
31
Posted on 10/8/21 at 9:55 am to WWII Collector
quote:
I feel this is no more than an attempt to monitor gun and ammo purchases.
Can't you pay cash for this?
Posted on 10/8/21 at 9:56 am to WWII Collector
Where’s the substantive pushback from elected republicans?
Posted on 10/8/21 at 9:56 am to WWII Collector
All it would do is incentivize cash purchases
Posted on 10/8/21 at 9:57 am to WWII Collector
Posted on 10/8/21 at 9:58 am to TheAlmightySmash
quote:
All it would do is incentivize cash purchases
There has been a huge push since covid to get rid of cash purchases.
Many restaurants here in Htown don't even accept cash now. It's weird.
Posted on 10/8/21 at 10:01 am to WWII Collector
quote:
BTW. What's the beginning cost of an ar15? About $600. Kind of ironic isn't it?
nothing, and I mean nothing (especially in politics) happens on accident.
Posted on 10/8/21 at 10:01 am to BobLeeDagger
Most people purchase guns and ammo with either a credit or debit card. Especially online.
If the bank acct and gun purchase monitoring were not public knowledge, cash sales would not increase. It would remain the same.
If the bank acct and gun purchase monitoring were not public knowledge, cash sales would not increase. It would remain the same.
Posted on 10/8/21 at 10:03 am to TheAlmightySmash
And many stores are now refusing to do cash transactions due to the “coin shortage” tied to Covid.
Posted on 10/8/21 at 10:04 am to WWII Collector
A certain dealer I do business with said they are more than happy to take multiple $599 payments.
Posted on 10/8/21 at 10:07 am to WWII Collector
You do realize the $600 is an aggregate amount, and not a per-transaction reporting limit right?
The proposal is for banks to report aggregate $$ coming in and out of every account that sees >$600 of movement in a year. Meaning, just about every damn account out there. This isn't targeting ammo/guns, it's a straight up government overreach.
LINK
The proposal is for banks to report aggregate $$ coming in and out of every account that sees >$600 of movement in a year. Meaning, just about every damn account out there. This isn't targeting ammo/guns, it's a straight up government overreach.
LINK
Posted on 10/8/21 at 10:09 am to teke184
The Smith and Wesson m&p 15 sport II with 30 round magazine.
$749 online.... it would be reported.
900 rounds .556 - $799 online... it would be reported.
$749 online.... it would be reported.
900 rounds .556 - $799 online... it would be reported.
Posted on 10/8/21 at 10:18 am to WWII Collector
I don't buy firearms or ammunition with anything other than cash.
The purpose of the 600$ reporting is much more nefarious than that. It's just more "Big Brothering".
The purpose of the 600$ reporting is much more nefarious than that. It's just more "Big Brothering".
Posted on 10/8/21 at 10:21 am to shell01
I really makes me want to setup reoccurring transfers back and forth through my accounts everyday
Posted on 10/8/21 at 10:21 am to TigerAxeOK
It is likely to start hitting people who run a side business like eBay as a hustle if they can’t account for where the money comes from.
IOW, if that money doesn’t come from a W2 or a 1099, they want to be able to have the IRS buttfrick you.
IOW, if that money doesn’t come from a W2 or a 1099, they want to be able to have the IRS buttfrick you.
Posted on 10/8/21 at 10:21 am to WWII Collector
quote:
BTW. What's the beginning cost of an ar15? About $600. Kind of ironic isn't it?
Buy your upper/lower/parts separately.
Posted on 10/8/21 at 10:24 am to WWII Collector
What's the beginning cost of an ar15? About $600. Kind of ironic isn't it?
50 bucks for an Anderson Lower. Build it out yourself.
50 bucks for an Anderson Lower. Build it out yourself.
Posted on 10/8/21 at 10:25 am to WWII Collector
Wow that’s a serious stretch there….
Posted on 10/8/21 at 10:28 am to WWII Collector
Right, but I'm not seeing the logic you're running with here. Are you insinuating that they are tracking this to find out who has AR-15s so they can take them away?
Are Gun Store purchases itemized on your bank account? Is this a retroactive reporting for the thousands upon thousands of ARs already out there. I honestly think you're reaching a little bit here. This is just Government overreach.
Are Gun Store purchases itemized on your bank account? Is this a retroactive reporting for the thousands upon thousands of ARs already out there. I honestly think you're reaching a little bit here. This is just Government overreach.
Posted on 10/8/21 at 10:29 am to Kevin Garvey
quote:
Buy your upper/lower/parts separately.
No offense, but that's kind of like finding out the school is teaching your kids to support communism, and you telling them to cheat on the test to pass.
When the bottom line is that the Biden admin doesn't need to watch our bank accounts at all.
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News