[brownsfan]

I’m telling you, the public is unaware and does care, until it’s too late.

[PeterPrinciple]

Almost all of the rent I receive is cash. I am now going to have to find a way to launder it?

We all better buy some Tide, the new and improved version.

[I want the USA back]

This is not targeted at the “wealthy.” This is intended to harass people on the low end of the scale. 10,000 per year is the threshold. People move money into checking accounts, and out of them, for many reasons. Savings to checking. Buy things. Send money back to savings.

This is to criminalize ordinary people and keep them scared under fear of a visit from biden’s gestapo.

But don’t worry. It’s only the first step. Second step is to eliminate cash. Then it’s total government control over finances (except those of members of congress and their sugar daddies who pay them to pass certain legislation).

The left is crafty. It knows how to turn this country communist without the folks becoming aware of it.

[Tell It Right]

Basically, if you have retirement investment income (i.e. 401k) of say, half a million dollars. And you withdraw 4% annually to live off of, that's only $20,000. And if you do it once per year (as Paul Merriman suggests) instead of doing it monthly, then someone living on just $20,000 per year in retirement is getting their bank information data dumped to the IRS.

Somehow the Dims that imagine a right to privacy for killing babies don't see a right to privacy for how you spend your money.

[Joe Brower]

The best part of this? Here we have the FedGov wanting to snoop into everyone's private accounts for what accounts to pittances, while at the same time these socialist control freaks blow billions with zero accountability.

It's a world turned upside-down.

[IllumiNaughtyByNature]

total annual inflows or withdrawals of at least $10,000.

[Westbrook]

So, the Fourth Amendment prevents the government from interfering with prenatal infanticide, but not from meddling with persons, houses, papers, and effects.

Only a demonrat could promote such a twisted, tortured rendering of the Fourth Amendment.

[alexander_busek]

[...] if they have deposits greater than $10,000, excluding salaries, each year.

Just how is the bank to know what money is "salary" and what money is not?

I have never informed my bank of the identity of any employers of mine - of even if I am employed.

If $11,000 comes in from Company ABC, and another $11,000 from Company XYZ, how is the bank to distinguish them? I might be employed by only one of those two companies - or by both of them - or by neither of them.

Regards,

[RatRipper]

The US government IS cyber-criminal. . . .

[Clutch Martin]

10K per year. How many taxpayers conduct over 10K per year in checking? Many people making these laws up don’t have any clue about how much money is spent per year by individuals in this country and the massive tsunami of extra work that’s going to be piled on the IRS, I really care about the IRS 🙄, but this bit of legislation seems extremely inefficient.

Would seem pretty easy to inundate the system hence causing inoridinate delays in upcoming processing of CY21 returns.

[GOP Poet]

bookmark

[minnesota_bound]

The IRS will protect our private information... just like they did with Donald Trump and just like the FBI does say with contacts and phone numbers and names sent to the NY Times and others from a illegal raid on someone who reports on a pedophile who showers with his daughter....