I find this very disturbing. I'm an old lady and spend over $600/mo just on my medicines. Will that alert them to my elimination? They need to know if I need a new fridge or stove?
Heard just now Eilz Warren saying its legal because people get W2s but does Gates, Zuckerberg, Cuban, Hunter...do they get W2s every year?
This is ass backwards because W2 deals with income (which is taxed) and what IRS is to track our expenses for which we pay tax on at purchase.
Its supposed to be effective 11/1. My credit union fills out an 'incident report' to IRS if I withdraw over $2,000. Saw them filling out the form right in front of me at window.