New Biden IRS rules that banks must report ALL deposits and withdrawals
(www.dailymail.co.uk)
Comments (15)
sorted by:
It looks like sabotage to me.
'In practice, the IRS’ task would be daunting and, in fact, bury the agency in a sea of unproductive information,'
It's really unworkable. The sheer volume of data would only be useful for very specific searches.
They do not have the man power to implement this. The left hand doesn’t know what the right hand is doing.
Especially now he wants all the federal workforce to get the shot without the testing option this will be announced today. So a percentage prob 20% of its workers may opt to get fired instead. That won’t help with this 600 business.
yup
If this becomes law, every time my business has $500 to deposit in cash I will be doing it with 500 $1 deposits. Fuck em. Let’s all do multiples of the transactions we do now and watch the system grind to a halt. Fucking commies!
Oh I get it. When he announces mandatory vax and we all are fired and create a parallel economy selling or trading goods to keep ourselves alive he will want to be tracking our money so he can get some. /s/
I would think this would accelerate crypto adoption.
Maybe that is what it is to target? To see who is moving their wallet? I actually don't know cause anything they do is seemingly not based in logic and as a logical thinking I honestly can't follow.
According to my CPA, the IRS is already overwhelmed. She can’t get through to them on the phone. System doesn’t even allow for leaving a message. Meanwhile, We’ve been waiting for our refund for 14 weeks. How TF will they have time for monitoring this nonsense?
Especially when 20% of its employees will opt to get fired for not taking the vax in the near future ie right before next tax season.
I'm hearing this alot and I'm liking this news.
It is a proposal. Not a rule.
Mandates are not laws and are still treated as laws so i wouldnt be surprised
Two words , Decentralized Finance !
To me this screams preparation for a social credit system if I ever saw it. Overwhelming the IRS justifies creating an entire force of Big brother behind it to monitor and then apply the Vax mandates and voila, no Vax, no cash.