[shanover]

Fedgov needs to be purged.

[Da Coyote]

We’re gonna need bigger guillotines.

[glorgau]

Some couches have drugs fall back behind the cushions. This is “for the safety of the children”.

[ImJustAnotherOkie]

It’s a tax plain and simple in addition to being invasive.

[No Party Affiliation]

Right, any time you disagree with something the left is pushing, you are too stupid to understand that it is for your own good.

[MNJohnnie]

Yellen noted that the tax gap is expected to swell to $7 trillion over the next decade.

You can fix that by stop spending way more then we take in every year Janie girl.

You can start by scrapping this idiot notion that we should have $5.5 trillion in new spending with inflation out of control

Even an Economics 101 student can tell you "geniuses" that is an utterly insane idea.

[DuncanWaring]

Buy a couch ... or pay their rent ... or mortgage ... or property taxes...

[Ceebass]

So when you pay your credit card bill for over $600 from your checking account that xaction will be reported to the IRS.

Then what?

[wiseprince]

Questions but won’t actually stop it.

[BenLurkin]

Yellen told Lummis that she believes the senator is misunderstanding the proposal, as it requires banks to hand over the IRS data on aggregate inflows and outflows of an account for transactions over $600, rather than details on each individual transaction.

Of course. Just "the tip."

[SaxxonWoods]

At least they can’t call this a “tax the rich” idea.

The reason for the $600 is, that’s the level of income for which a 1099 must be filed. This rule is going after the little people, who are self employed or have side hustles and do a lot of work “off the books.” It also goes after the people who use these people for work in order to save money over paying a large faceless organization. I know Bob, and I know Bob will come during his off hours, do a little work and charge me half of what a large company (that Bob used to work for) will charge. Bob will also get the job done sooner. Bob will also respond to a callback faster. I always add a tip to Bob’s bill.

Biden hates Bob and me.

[Sequoyah101]

Whoever writes these articles keeps getting this wrong.

It is for every bank account over $600.

Not every transaction.

[JoSixChip]

All set for a bank financial transaction tax.

[rigelkentaurus]

Total Surveillance Society. What does that sound like? Liberty? Hmmm, no. Freedom? Hmmm, no. Totalitarian state? Yes!

[Seruzawa]

Well, yes. They do. Paranoids distrust everyone.

[lucky american]

my daughter takes 1000 dollars out of the savings account for the mortgage and pays cash. Will they think she’s buying drugs or something.

[1_Rain_Drop]

LOL, from now on I’ll be making only $599.00 payments max. So what if I have to write 4 checks to make a 2k payment. It’s going to be fun! Next they’ll be checking to whom the payments are made....

Funny how the left was all exited about seeing Trump’s taxes. Now they have no privacy! ha ha ha

[Vaduz]

Wonder if it will cause a run on the banks back to the future keep money in mason jar?.

[Spok]

In a totalitarian state, there is no such thing as innocent behavior.

[Spok]

How long before just having money will be a crime?