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Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’:...
The Epoch Times ^ | October 10, 2021 | Tom Ozimek

Posted on 10/10/2021 10:48:18 AM PDT by yoe

...Bank Association Exec

Paul Merski, executive vice president for the Independent Community Bankers of America, told NTD’s “The Nation Speaks” program that President Joe Biden’s proposed ( bank account reporting) law being drawn up is a violation of Americans’ financial privacy and is a costly regulatory burden on financial institutions.

“This is going to be a massive invasion of financial privacy,” Merski said. “The last thing we need is everyone’s financial account information being turned over to the (IRS) in a massive dragnet.”

(Excerpt) Read more at theepochtimes.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Government; Politics/Elections
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Does anyone suppose Joe Biden has done away with the United States Constitution entirely? This Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’: Bank Association Exec Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’ is TOTALLY, TOTALLY UNCONSTITUTIONAL...you could even say IT IS CRIMINAL. Who are these unelected people in the Oval Office putting the squeeze on Joe Biden? What business is it of his who has what in their bank account...that is private!


1 posted on 10/10/2021 10:48:18 AM PDT by yoe
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To: All

And the crowd roars “Let’s Go Brandon”.


2 posted on 10/10/2021 10:49:34 AM PDT by BipolarBob (Somebody tell Hunters dad that the American public are losing patience with him.)
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To: yoe
Am I understanding correctly that if you spend $600 in one shot the bank has to tell the IRS?
Under Obama it cost over that to fill the fuel oil tank.
3 posted on 10/10/2021 10:53:09 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: yoe

But the vast majority of the average everyday American sheeple are saying nothing, just excepting that financial privacy invasion like champs..../s


4 posted on 10/10/2021 10:56:06 AM PDT by cranked
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To: yoe

Citizen privacy. How quaint.


5 posted on 10/10/2021 10:58:01 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: yoe

“President Joe Biden’s proposed ( bank account reporting) law being drawn up is a violation of Americans’ financial privacy and is a costly regulatory burden on financial institutions.”

This all part of the Democrats weaponizing all of government and big businesses to assume the throne. I doubt if Biden is physically or mentally capable of doing this. I suspect the Deep State headed by Obama and funded by George Soros is the real power behind the throne.


6 posted on 10/10/2021 10:58:41 AM PDT by antidemoncrat (somRead more at: https://economicti)
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To: BipolarBob

LOL! I don’t know how that ditz thinks “F Joe Biden” could possibly sound like “Let’s go Brandon” but what does it matter when it comes to the fake news communist propaganda domestic enemy media. They just spew BS and we are expected to believe it.


7 posted on 10/10/2021 10:59:41 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: yoe

The domestic enemy regime hired 83,000 new IRS agents so I assume this $600 rule is just another method that the domestic enemies are using to steal our money to support all the criminal foreign invaders they are criminally assisting


8 posted on 10/10/2021 11:01:56 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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To: cranked

What do you suggest?


9 posted on 10/10/2021 11:04:17 AM PDT by LibertyWoman (Woe to those who call evil good, and good evil... Isaiah 5:20)
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To: GrandJediMasterYoda

We’re back to the IRS question:

“How much did you make? Send it in”.

They think our money is their money and so far they’ve gotten away with it. Saddled us with massive debt and tell us we have to pay for it. This country is run by criminals.


10 posted on 10/10/2021 11:05:18 AM PDT by Aria
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To: LibertyWoman

Let them invade every privacy you have. That will work since most don’t give two sh*ts about all the privacy invasions taking place over the past few decades. /s


11 posted on 10/10/2021 11:12:43 AM PDT by cranked
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To: GrandJediMasterYoda

She heard what the crowd said, and knowing that profanity was being heard on national television, decided to tell people the crowd was really shouting Let’s Go Brandon. She was trying to make people not believe their own ears.


12 posted on 10/10/2021 11:17:58 AM PDT by Dilbert San Diego
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To: yoe

“...What business is it of his who has what in their bank account...that is private!...”

I think Joe and Crazy Nancy are way past caring about what’s ‘private’.

They hardly care about that


13 posted on 10/10/2021 11:19:10 AM PDT by SMARTY (Republics decline into democracies & democracies degenerate into despotisms. Aristotle)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...
The ongoing lawfare against President Trump, his family, his former staff, continues. They are not just after him, they are after us.

14 posted on 10/10/2021 11:26:06 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Aria

“We’re back to the IRS question:

“How much did you make? Send it in”.

They think our money is their money and so far they’ve gotten away with it. Saddled us with massive debt and tell us we have to pay for it. This country is run by criminals.”

That’s exactly what the 16th amendment did. It gave th federal government the power to help themselves to whatever portion of your paycheck first, and then magnanimously hand you what’s left.

That amendment did more to destroy the founding principles of this country then any other action.


15 posted on 10/10/2021 11:27:27 AM PDT by aquila48 (Do not let them make you care! Guilting you is how they control you. )
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To: rktman

umm-hmmm


16 posted on 10/10/2021 11:32:24 AM PDT by sauropod
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To: yoe

“The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.” - Fourth Amendment to the Constitution of the United States of America


17 posted on 10/10/2021 11:47:12 AM PDT by motor_racer (Who will bell the cat?)
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To: DJ MacWoW
Am I understanding correctly that if you spend $600 in one shot the bank has to tell the IRS?

Others on FR are saying, that if this goes into effect, then overwhelm the system. Make repeated deposits and withdrawals of $601 to banks. If millions do this, then the greedy politicians will scramble to throw out the new law.

18 posted on 10/10/2021 11:50:16 AM PDT by roadcat
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To: SunkenCiv

How about investigating her controlling interests in Starkist Tuna which has a cannery on American Samoa in which the workers work under slave like conditions?

If there were investigative journalists worth a good curse, this would have been looked into.


19 posted on 10/10/2021 11:59:20 AM PDT by Ban Draoi Marbh Draoi ( Gen. 12:3: a warning to all anti-semites)
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To: yoe

There would be no reason to remain an American citizen , it would make more sense to rescind citizenship and become a citizen pretty much anywhere else.


20 posted on 10/10/2021 12:01:59 PM PDT by GreatRoad ('In a time of universal deceit, telling the truth is a revolutionary act' )
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