This is one of the WORST fucking laws ever devised by a criminal Congress.
Imagine:
You set up a corporation in any State.
Federal government wants YOUR name, address, SSN, driver's license number registered in a federal database.
If you move, you MUST update within 30 days.
Fines exceeding $100,000 are possible.
And PRISON.
They want to TRACK YOU ...
Makes no difference if a few wealthy get their paid employee to put their name in instead.
Average Joe is now REQUIRED TO REGISTER IN THE DATABASE, subject to massive fines AND PRISON for not disclosing information that the 4th Amendment says you don't have to disclose.
That means YOU.
Absolute garbage law. On hold, but what happens at SCOTUS?
Exactly what was said. Trump vetoed this. Wildly unpopular w American people. They are blitzing bc it’s a carcass, atp under injunction in effect last I checked, so currently unable to take effect. It’s an attack on small biz.
Thisnis the ultimate challenge we can put forth for all illegal taxation. Corps are formed as a taxing body. They suck you in with the write offs. I'm frankly tired of funding the devils shit.
What gets me is that they have most of this info when I file both my corporate & personal income taxes. There are already databases......not that we need anymore.
This is one of the WORST fucking laws ever devised by a criminal Congress.
Imagine:
You set up a corporation in any State.
Federal government wants YOUR name, address, SSN, driver's license number registered in a federal database.
If you move, you MUST update within 30 days.
Fines exceeding $100,000 are possible.
And PRISON.
They want to TRACK YOU ...
Makes no difference if a few wealthy get their paid employee to put their name in instead.
Average Joe is now REQUIRED TO REGISTER IN THE DATABASE, subject to massive fines AND PRISON for not disclosing information that the 4th Amendment says you don't have to disclose.
That means YOU.
Absolute garbage law. On hold, but what happens at SCOTUS?
Exactly what I was thinking...
How are WE going to get screwed on this...
Exactly what was said. Trump vetoed this. Wildly unpopular w American people. They are blitzing bc it’s a carcass, atp under injunction in effect last I checked, so currently unable to take effect. It’s an attack on small biz.
Totally agree. I have one rental property and was advised to put into an LLC for asset protection and that means I would need to file.
Yes you would!
Trump said in the clip, "You better make sure I win." So yes, I think he is going to do something about these huge flaws.
Exactly.
Thisnis the ultimate challenge we can put forth for all illegal taxation. Corps are formed as a taxing body. They suck you in with the write offs. I'm frankly tired of funding the devils shit.
What gets me is that they have most of this info when I file both my corporate & personal income taxes. There are already databases......not that we need anymore.