IRS wanting to monitor transactions over $600
(www.icba.org)
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And thats why I have and will never deal with banks. Cash only! No checks,no credit,CASH ONLY!
THE barter system has served me well for 30 years as well.
You're in the minority, I'm afraid. Most Americans are somehow tethered to the banking system. Breaking free of that is not easily done. I've been telling my husband for months that we need to get all our cash out. Hopefully this will wake him up.
I had a Vietnam Vet buddy who had nothing to do with banks or the IRS from the time he came home from Nam. Worked for cash, never filed a tax return; they didnt even know he was out here. Until decades later, 2010 or so, when he signed up for - and received his VA Disability benefits, backdated to 1973. He then had a sizable sum plus a monthly payment for COPD, PTSD, and some other injuries. Then he died within 3 years.