The $10,000 bank transaction reporting threshold was established in 1970 to combat cash activities associated with criminal activity.
Based on inflation since 1970, that threshold should be raised to $70,506.
The sheep electorate somehow have been brainwashed into believing that government(their servants) owns their labor, bank accounts, monetary transactions, financial transparency and their first born.
Government has ZERO reason to interfere and/or audit private transactions in the the name of security... or in the interest of tax collection.
When the government is so powerful it can confiscate or garnish you labor at will for the sake of taxation... then government has become the owner of its masters. To tax and confiscate at will another mans labor or the fruits of his labor is the very definition of slavery.