US Treasury Department Seeks to Track Financial Transactions of Personal Bank Accounts Over $600: The Biden Administration plans on taking unprecedented looks at individual's bank accounts.

NOQ Report ^ | 09/15/2021 | Peter Jacobsen

[proust]

China sure is getting aggressive these days.

[Ezekiel]

And 10% for the big guy.

That's right. A lot of folks think that tithes are mere relics of the distant past, but as long as the current regime wants to "go Old Testament" on the little guy...

"Remember that the penalty for looting is death."

[Cowgirl of Justice]

Let’s see what Hunter is spending his money on and where he gets it from.

[pierrem15]

I have a couple of savings accounts. We should all start transferring $600 back and forth between accounts to generate millions of reports.

[hsmomx3]

So if I receive SS benefits above this amount, are they going to track that, too?

[Little Ray]

No.
I’m quoting my dad, who knew more about the way things work than you ever will.

[Afterguard]

Metadata. The government has been collecting digital metadata for years. This is the same thing. Probably been going on for a while already. Maybe they’re being exposed and decided to make it public knowledge. Just my $0.02.

[seowulf]

How many people making automatic payments from one of their accounts to another daily would it take to overwhelm the reporting system?

[butlerweave]

Then the US Treasury Department will hand everything over to their Master’s the Chinese Communist Party

[Jonny7797]

You have no idea what you’re talking about.

[pierrem15]

They mean $600. I believe the IRS tried a few years ago to require a 1099 from any business who paid $600 or more for anything.

They probably plan on making more from fines for non-compliance than any actual increase in tax revenue.

[magna carta]

financial institutions need to lawyer up and defend the 4th amendment

[blueunicorn6]

Do you receive pay from the government?

Do you pay income tax?

The government already has a pretty good idea of what you make.

They want a taste of that criminal money now.

[flamberge]

...can we get Republicans to commit to overturning this when back in charge?

The Republicans will never be back in charge.

The Democrats do not need them anymore. And what voters want is mostly irrelevant. Democrats count the votes and the fix is in. If that "Election" show fails to convince enough people, then the Democrats also control the Police, the Courts, and the Military.

For a while.

[Vaduz]

The Biden Administration plans on taking unprecedented looks at individual’s bank accounts.

Except their accounts freezer money sent off shore.

[Wissa]

Anyone who says that is a fool, especially in the times we're living in now.

I think I'd be a fool if I acted as if they wouldn't have access to the information anytime they felt like it before. If your imagination gives you the warm fuzzies with the belief that there are any realistic limits on the government now though, I guess that's worth something.

[NormsRevenge]

You can't hide from that prying eye..

NWO or Bust , Baby!!

[spokeshave]

Does that include social security payments....tax refunds and unemployment benefits.....just askin for a friend.

[unixfox]

See tagline.

[unixfox]

We should all start transferring $600 back and forth between accounts to generate millions of reports.

And to make matters worse, withdraw from the ATM then redeposit. Make then chase their own tails.