IRS reports on $600 or more
- Thread starter Bambi
- Start date
hellraizing
TRX Fan
Hang on a minute, nothing on Sunday? So no beer, BBQ and strippers on Sunday...
Theres a proposal to have every bank report all transactions in or out of $600 or greater being floated right now.
Why does it feel like communism is sneaking up on me and is closing avenues of escape.
Withdraw $601 on Monday.
Deposit $601 on Tuesday.
Withdraw $601 on Wednesday.
Deposit $601 on Thursday.
Withdraw $601 on Friday.
Deposit $601 on Saturday.
Repeat.
Become Ungovernable.
OP
OP
I doubt strippers report their income so thats safe…. And while I have definitely spent $600 on beer and meat before, it’s kind of a lot
OP
OP
Lol when rural oregon is better than Texas. I swear. I was in el paso for business on election day 2016 with a bunch of Cali libs. It was great to watch. Got screwed on the deal.
Turned out the billionaires that used political levers to screw my deal were Beto’s biggest donors. Looks like I got the last laugh after his repeated massive failures.
nlflores
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Well, if you ever find yourself in or around San Antonio, let me know. I'll buy you a few beers and show you were the "good hunting" grounds are around here.
OP
OP
The noose is tightening. It blows my mind when people can’t see the meta-goals that these steps lead to. “Will never happen here.”
OP
OP
Try and keep the blatant partisan stuff out or this thread will get nuked. Just keep to general gov hate
Well considering that’s our entire gov
. On the main topic, you’re absolutely correct… the noose is tightening. Slight of hand.
OP
OP
It’s the politics loophole. As long as non-partisan it seems to be ok. Disliking IRS over-reach into personal accounts at this level is something everyone should be able to agree is insane.Well considering that’s our entire gov
On the main topic, you’re absolutely correct… the noose is tightening. Slight of hand.
Not only will this increase the $$$$$ the agency spends (they already increased prior recently to hire something like another 10k people), it is a personal privacy issue.
@MAXGroup wanna come defend this with the liberty already infringed argument? You good with this?
Transporter
TRX Fiend
What I loved about Hong Kong was the flat tax. Individuals and corporations pay 17% straight up. Our tax code and the 326 volumes of 2500 pages each (or whatever) is a real treasure.
OP
OP
It’s almost like, gasp, they wanted to help their corporate donors and to fuck everyone else at their leisure.
or the covid PPP loans that got forgiven and given to companies that didn’t need it.
OP
OP
Half of life is finding where the rules end and getting through on technicalities. Because being technically correct is the best kind if correct.Well considering that’s our entire gov
On the main topic, you’re absolutely correct… the noose is tightening. Slight of hand.
Stevewoz88
TRX Fanatic
alexTRX104
TRX Member
Look at it this way with so many reports i don't think they have the personnel to investigate so many transactions!
Redeyecrazy
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F. J. B.
OP
OP
They’ll just print more money to pay them with and set up a flag in an algorithm.
This is just a tool of (further) control. Don’t get the vax, wrongthink, etc and they screw you
Imaposer
TRX Fiend
1.- no, that is not what the proposal says at all. The proposal changes from the current report any single transaction over $10k to providing a gross monthly summary of deposits/ withdrawals for all accounts over $600. It's an attempt to catch tax cheats. It's pretty easy to see how the change would make it much more difficult to fly under the IRSs radar.
Theres a proposal to have every bank report all transactions in or out of $600 or greater being floated right now.
Why does it feel like communism is sneaking up on me and is closing avenues of escape.
Withdraw $601 on Monday.
Deposit $601 on Tuesday.
Withdraw $601 on Wednesday.
Deposit $601 on Thursday.
Withdraw $601 on Friday.
Deposit $601 on Saturday.
Repeat.
Become Ungovernable.
2.- this proposal came out in a April. This is the third forum I've seen it brought up on in the last day. I wonder who decided now is the time to blow this up on social media and get it out as a current topic and why?
Yes, it’s actually worse than Bambi said. Thanks for clarifying.
Also, Yellen brought it back into the spotlight a couple days ago begging the dems to get it done.
www.nytimes.com
Also, Yellen brought it back into the spotlight a couple days ago begging the dems to get it done.
Janet Yellen urges House Democrats to give the I.R.S. more power to crack down on tax evasion. (Published 2021)
The Treasury secretary urged lawmakers not to water down a central piece of the budget plan, which would give the Internal Revenue Service visibility into the financial accounts of taxpayers.
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