Posted on 10/18/2021 7:20:54 AM PDT by SeekAndFind
In their bid to remake the world, Democrats are always surprised to find that their best laid plans are full of unintended consequences.
This time, the "splat" is on them.
Get a load of this Rasmussen poll from last Friday:
69% Oppose Plan To Have IRS Monitor Bank Transactions
More than two-thirds of voters are against plans in Congress to give the Internal Revenue Service access to data on all bank transactions over $600, and most believe Democrats are lying when they say they'll only raise taxes on the rich.
A new Rasmussen Reports national telephone and online survey finds that 69% of Likely U.S. Voters are opposed to legislation that would require banks to report data to the IRS on transactions over $600, including 55% who strongly oppose the measure. Only 23% support the proposal, which is part of the so-called "Build Back Better" agenda Democrats are attempting to push through Congress. (To see survey question wording, click here.)
Well, gee. That kind of puts a monkey wrench into their grand plans to remake the entire American economy through their $3.5-trillion porkulus "reconciliation" bill, which they are still trying to shove through Congress. The bill is big because Democrats know they can often get positive polling responses from broad questions about handouts and making everything "free," but when the ugly specifics get out, public opinion can turn against them rapidly. That's why they don't like standalone bills, such as, say, a bill on amnesty for illegals. Things like that get slipped into behemoth bills on the logic that the public will be so focused on those "free" Obamaphones or similar that they won't notice.
Well, the public has noticed this one — a sneaky scheme to empower the IRS to become Big Brother and snoop on little guys' bank accounts
(Excerpt) Read more at americanthinker.com ...
Now the public know about their $600 snoop-and-spy scheme, and they're turning against it. That's obvious enough as the Democrats scramble to modify the disgusting Trojan horse measure.
The only ones for it are those with less than $600 in their bank account
Everyone needs withdraw half of their savings, send a message. The Banks will panic and send their lobbyists to have this removed. You need to make them hurt.
“bombing with the public”
...AND? Our Marxist regime cares what the public thinks? When did this happen?
So THIS is what it finally takes? Nevermind every thing else this rogue agency does.
See tagline.
If you don’t like it you’re unpatriotic like vaxx deniers.
Now if only the feckless GOP could use this as part of their campaign to defeat the socialists. Oh, and they need to first begin with conservative candidates, not assistant Demorats.
Only 69%? Should be 100%.
They don’t give a darn what the public thinks. About anything.
$600 is WAY less than a mortgage payment, and even less than a lot of car payments. Some folks have that big a bill for cell phone service.
Just the sheer volume of these payments that are expected to be reported is staggering. Is there enough storage capacity on the vast array of government servers to HOLD all these transactions?
Let alone to retrieve it in any meaningful fashion.
Seriously considering keeping mine at $599.00 if I can get it to there. /S
Eliminating the carried interest loophole would generate more revenue, but that would affect the billionaires, so they won’t do it.
What difference does it make if it is “bombing” with the public?
The American public ought to be able to monitor every GOVERNMENT spending transaction over $600.
Once again, they’ve flipped good/bad completely around.
I don’t think it matters. A lot of people voted for this crap and we have to fight on their behalf? Make it a sunset law renewable the day after each election. If it’s not an immediate election issue no one will pay attention.
It is up to us to vote out these RINOs in the 2022 primaries. It is literally our last chance to get our country back.
Too bad it’s not bombing with congress
>Let alone to retrieve it in any meaningful fashion.
They probably have an algorithm that does a few things
1. notes any large deposit not from a W-2/1099 source on the previous year’s tax return
2. notes any movement of funds over $1000 from paypal/coinbase/robinhood/venmo/ etc
3. notes any bank to bank transfer under the same SSN
It’s going to become automated to the point where the IRS will simply deduct taxes for assumed evasion and the one fined will have to dispute, instead of the other way around.
My renters pay $600 and $700 every month for rent. we have up to 20 deposits per month at that amount.
Is every single deposit I make every month into my rental account going to red flag the IRS?
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