"It's time that millionaires and billionaires and trillionaires and bazillionairs pay their fair share"
But the IRS needs to look at all bank transactions over $600... Just Because!
What is even more stupid is that plugs and co claim that there is $7 TRILLION in unreported income in this $600 reporting range that will pay for the spending orgy.
At $1,000 per missed transaction that could be taxed at say, 20% tax rate, that means 35,000,000,000 billion untaxes $1,000 transactions would have to be counted.
Somehow I don’t think this is possible.
None of these fools do the math on their own crap.