View Full Version : IRS Big Brother coming for your money
hollohas
09-09-2021, 12:24
The proposal would require banks to report to the IRS every deposit and withdrawal from an account, including transactions from Venmo, PayPal, crypto exchanges and the like in an effort to fight tax evasion. The IRS would know how much money is in an individual's bank account in a given year, whether the individual earned income on that account and exactly how much was going in an and out.
https://www.dailymail.co.uk/news/article-9973671/Bidens-plan-let-IRS-SNOOP-bank-accounts.html
I?m safe. I pay my taxes just like Al Capone.
Joe Biden is acting like 1 term guy already. Even commies and welfare recipient will not like this. LOL
The .gov seems to be encouraging an underground economy. It'll probably be a requirement for survival since the health nazis won't allow businesses to function.
Great-Kazoo
09-09-2021, 16:39
Oh for the days of cash, under the table.
They just want to make sure you’re spending it frivolously… and if you’re not, take it away for someone who will.
Former Treasury Secretaries Tim Geithner, Jacob Lew, Henry Paulson Jr., Robert Rubin and Lawrence Summers also defended the Biden proposal in a New York Times op-ed. Only Paulson served under a Republican.
:(
hollohas
09-09-2021, 17:47
They're all commies.
They just want to make sure you’re spending it frivolously… and if you’re not, take it away for someone who will.
This rings true to me.
clodhopper
09-09-2021, 18:14
They just want to make sure you’re spending it frivolously… and if you’re not, take it away for someone who will.
It is the the one last thing keeping our economy looking like it is not on life support already.
It is the the one last thing keeping our economy looking like it is not on life support already.
precisely.
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