Posted on 10/09/2024 9:02:49 AM PDT by delta7
The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more.
TAXES are really no longer even necessary along with borrowing. They never pay off the debt anyhow, and it would be immensely more efficient for the government to just print the money they need and end both borrowing and taxation. Over 70% of the national debt is due to interest and wars. It does not go to expand the economy or help people whatsoever.
Lower return/more expense for depositors, banks will pass the cost of this on to customers, as always.
They’re still scheming to get what little is left.
Including Hunter’s??
That’s crazy. I would get reported every month for my mortgage. And I pay more than that on my truck payment every month.
This is why we need an independent digital currency or a return to a cash society.
All but Hillary’s. They never do SAR’s on her or the Clinton Global Initiative. Or any other leftist money laundering front. Or if they do, they’re buried.
Who gives a #$@#@ about that!??
They will know every damn thing we do!!
Ah, I guess they already can if they want to.
My country is....
Well, it needs to be saved by Trump.
And yeah you’re right...we’ll end up footing the bill for whatever govt dreams up.
Time to hire more IRS jack boots!
Doesn’t affect mortgage payments, this is about 3rd party transactions eg. Venmo or Paypal
https://www.cnbc.com/select/irs-600-reporting-rule-delayed/
BANKS will revolt.
WE are still trying to find all the MONEY the BIDEN CORRUPTION FAMILY HAS STASHED AND PASSED AROUND.
ok. Let’s start with the @sshole in the White Hut. Let’s include international transactions.
In before.....?
Isn’t there a Constitutional Amendment that says “secure in your papers”.
Wow, more freedom and liberty coming from the left. Oh wait....
[Executive Order 14067]
Around mid-2022, this video commercial kept popping up on my YouTube - I finally watched it - it is all about EO14067.
I hope people can take time to watch what I recommended below:
The Digital Dollar will save us! Yeah, That’s the ticket!
(worth it to watch just the first 17 minutes - there will be no way to “prosper”, though)
The Jim Rickards Commercial
https://www.youtube.com/watch?v=fCfzQNhi_ns
Invading our privacy but it is ‘LEGAL’ because they passed a law.
I remember when my bank wanted my social security number and I made that mistake and swapped a couple of digits. Boy were they mad.
We as Americans have a basic right to privacy. We under communism are subjects.
“we are still trying to find all the money the biden corruption has stashed and passed around”. must have been less than $600.
This again?
What is it with the 600 mark?
“What is it with the 600 mark?”
It’s less noticeable than the 666 mark.
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