Posted on 10/19/2021 3:33:50 AM PDT by MtnClimber
There are myriad more effective ways to reduce tax fraud and increase tax revenue. Something else is behind thism proposed new invasion of privacy.
The right to privacy is a fundamental human right in any democratic country.
It is also recognized by the UN Declaration of Human Rights, the International Covenant on Civil and Political Rights, and many other international and regional treaties.
Beyond the laws and proclamations, the right to privacy is rooted in a citizen’s inherent right to dignity.
In a democracy, the state is subordinate to the citizen hence the government must respect the rights and dignity of the citizen.
The citizen has the right to withhold any information that he or she deems unsuitable for public consumption, provided that the information is not related to any criminal activity.
It doesn’t have to always be highly sensitive salary or health records; a citizen may not the public to know of his or her the history of frivolous videos watched on YouTube. This is a right that cannot be violated.
Confidentiality is closely related to privacy.
While privacy pertains to the person, confidentiality pertains to information.
(Excerpt) Read more at americanthinker.com ...
The IRS has already proved that they cannot be trusted not to persecute their political enemies who demand that the Constitution of the USA be followed.
This is another Pelosi “I’ll get you, my pretty” aimed at all Trump supporters.
The IRS is going to be very busy, next year, cutting checks (if they ever do) to the soon-to-be-separated. Time for a staff increase, like 100%.
I suppose private banking is under the same Federal gun that private medicine once was.
Messing around with Red China did more to America than it did, China.
"You cannot buy or sell without the mark of the Beast, or the number of his name..."
I wonder if doing several smaller transactions to avoid the $600 reporting requirement will be considered structuring.
They’re worried about people bucking the crooked system and all becoming sub-contractors but not filing W9/1099 forms.
P.S.
For those that don’t know, contract work under $600 does not need to be declared.
“The right to privacy is a fundamental human right in any democratic country.”
Except this one, of course.
Besides, it’s supposed to be a Republik ,not a democracy.
“ It is likely that the government will selectively apply this invasive law not only to target groups that they consider their political challengers but individuals as well.”
It is solely for the purpose of branding Conservatives and Patriots “domestic terrorists” and imprisoning them and confiscating all of their wealth. Period. Nanzi Pelousy, Chuck U, and Soros’s wet dream. They will do this anyway, you know, unless they are thrown out of power. It’s how they roll….us.
No, this is monitoring ALL transactions for any account that has OR HAS HAD $600. in it. In other words, everyone.
I see no advantage to being a US citizen at this point.
They are desperately looking for money
VDH talks about this on his podcast at VICTORHANSON.COM
April 15 will be a problem.
Democrats handing out quarterly “child tax credit” pre-payments means a very large number of taxpayers will have to cough up thousands of real dollars they expected would be covered by a couple entries on a tax form. Gonna make for a very big & contentious gap in IRS revenue.
The author, Rajan Laad, thinks we are a democracy.
This is what this is all about!
"Saule Omarova, President Biden’s nominee to lead the Office of the Comptroller of the Currency, is a champion of bringing a Chinese-style CBDC to America.
Once the Fed has control of all Americans’ savings and checking accounts, she writes, it will be able to “function as a hybrid of a sovereign wealth fund and a private equity firm,”
Biden’s Beijing-Style Plan for Single-Payer Banking
It is the plan.
You can read it at https://www.nationalreview.com/2021/10/bidens-beijing-style-plan-for-single-payer-banking/
It is not the single transaction - it is the annual total, ie. $50/mo paying your electric bill = the $600.
It also does not matter how much is in the account - $10 or $10M.
If $600 moves through the account annually then reporting happens.
You noticed that relation too, eh?
Pelosi’s 600.00 IRS information automatic tell-tale snooper trap was in her Obama Care law also. Got revoked by the republicans action the next year. No publicity though!
“SOMEBODY “ big and important but hidden really wants the IRS to have this authority.
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