Posted on 10/23/2021 4:00:23 AM PDT by MtnClimber
For perspective, let's imagine a hypothetical Republican politican we'll call "Joe" who mixed his bank accounts with a wastrel son of his we'll call "Hunter..."
Most of the media, along with other Democrats, are campaigning to give the IRS huge amounts of additional money for their budget so that they can pretend to pay for the two huge slush funds they are peddling for the tax agency.
They want banks to report the receipts and disbursements on any bank accounts where the annual deposit amount is more than $10,000.
Catherine Rampell of the Washington Post says that Republicans are only opposing this provision to massively intrude on the privacy of the public because they support tax cheats.
Somehow banks are supposedly able to sort the accounts to exclude wage income and other exempt income, plus sort out the teachers and firefighers, who will oddly be exempt from the measure, from the massive data dump of the banking system at the flick of a switch. That implies that the computer can determine those sources in their data dump. It must be magic!
(Excerpt) Read more at americanthinker.com ...
I am sure the audits of conservatives will be made to go away each year for a small fine and no admission of guilt.
Why the IRS is still in business is beyond me. Republicans had the House/Senate/White House AND a right leaning SCOTUS along with hundreds of right leaning judges appointed across the land not to mention republican state houses/governorships.
And WE STILL have this anti-American behemoth taunting and intimidating citizens.
…. And just like the complaints against the filibuster, the rats can’t imagine a time they won’t be in power. (Frankly, hardly can I!)
They’d have to abolish the 16th amendment to make that happen. While I feel a majority of states would be aboard, I don’t see it happening.
>>They’d have to abolish the 16th amendment to make that happen.<<
True, but republicans could have passed a simple tax structure and defunded the crap out of that agency forcing them into workforce reductions.
In other words, castrate that beast.
If I become a volunteer fire jock, I wonder if this exempts my bank accounts.
Shake my head…
Right? Republicans have had several opportunities to neuter this agency...and have failed us time and again.
In order to catch small and midsize business tax evaders?
I would relate this to the Nat’l Transportation folks wanting a yearly inspection of your car, and anyone having over 15,000 miles on it in the year...having to explain where you went and for what reason.
Or you could use the MC/Visa folks...that any purchase over $1k needs to be pre-approved by them...asking if you really need this trip or item.
I know the $10,000 amount was floated, but I think the $600 amount is still in the bill. No that it matters much. They got it slightly wrong. It is not just deposit amounts, it also includes withdrawals. So you deposit say $1000 into your account in one month, but then immediately withdraw $1000 to pay rent and other expenses. That brings the total to $2000. So if you are living paycheck to paycheck, this $10,000 limit is really $5000.
Exactly.
I go to campaign appearances and ask the prospective Republican candidates one question:
“Will you support Kevin McCarthy for Speaker?”
We don’t need any more assistant democrats in Washington.
This is just part of the Democrats weaponizing all of the Federal Government.
If YOU are on the list of “untouchable”, there is no reason to not trust the IRS.
The IRS went totally corrupt when it attacked the TeaParty. No punishment for that, no change in policy.
This is kinda like the free market in action. Apparently lots of folks don’t understand capitalism.
Them and the public school system.
How do you get a law abiding person to turn in his firearms to the “authorities”? Freeze his bank accounts via the IRS.
The Left believes the IRS’s new spy powers will be weaponized only against conservatives.
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