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Thread: Democrats tried to give IRS power to surveil every American’s bank account...

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    Default Democrats tried to give IRS power to surveil every American’s bank account...

    Democrats tried to give IRS power to surveil every American’s bank account with a transaction of $600+

    Last edited by Cinnabar; 10-19-2021 at 06:46 PM.
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    https://newrepublic.com/article/1409...mp-red-america

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    “Fact check: Claim about the IRS monitoring bank accounts over $600 exaggerates reality”
    https://www.usatoday.com/story/news/...se/8411799002/

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    I think they can already do that if you move $10,000 or more.

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    "Cash payment report helps government combat money laundering"
    https://www.irs.gov/newsroom/cash-pa...ney-laundering

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    Quote Originally Posted by Cinnabar View Post
    Democrats tried to give IRS power to surveil every American’s bank account with a transaction of $600+

    You ain't seen nothing yet!!

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    Quote Originally Posted by Cinnabar View Post
    Democrats tried to give IRS power to surveil every American’s bank account with a transaction of $600+

    I would think about it this way -- if it seems to conform a bit too closely to your most cherished beliefs, chances are that it's bullshit. Critical thinking is your friend.
    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    Quote Originally Posted by Jack View Post
    I think they can already do that if you move $10,000 or more.
    And they have been tracking that for decades. Like 50 years even. Nixon signed into law the regulation allowing the tracking in 1970.

    https://www.eisneramper.com/federal-...-pw-blog-0220/

    Oh, and another fact check calling the OP bogus:

    https://apnews.com/article/coronavir...93e2594777d596
    "Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain

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    i guess right wingers are ashamed of all the trump faced sex dolls they buy each week. or their fentanyl bills. or how much they spend for banjo jamborees and pig squealing contests.

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    Quote Originally Posted by ThatOwlWoman View Post
    I would think about it this way -- if it seems to conform a bit too closely to your most cherished beliefs, chances are that it's bullshit. Critical thinking is your friend.
    So are facts...

    Democrats to raise cap on Biden’s IRS transaction data proposal

    Banks are currently mandated to file currency transaction reports on all deposits of over $10,000 to the Financial Crimes Enforcement Network, a division of the Treasury Department. The FinCEN prevents money laundering and crime but doesn’t monitor the reports for tax purposes.

    However, banks and credit unions fear the Biden proposal to report all transactions over $600 to the IRS would be overly burdensome, taking up crucial time and money.

    “From a bank perspective, the administrative challenges and complexities of having a $600 annual threshold may not achieve the policy goals of reducing tax avoidance,” said Scott Talbott, senior vice president of government relations at the Electronic Transactions Association. “At $600, the squeeze may not be worth the juice.”

    There are also privacy concerns, particularly given that a threshold as low as the proposed $600 would target nearly everyone. More than 140 Republican lawmakers sent letters to Neal, House Speaker Nancy Pelosi, Treasury Secretary Janet Yellen, and IRS Commissioner Charles Rettig pushing back on the notion.

    “Not only would such an overly comprehensive IRS database require significant resources to build, maintain, and protect, but it would make the personal financial data of millions of Americans vulnerable to attack,” they said in the letter.

    https://news.yahoo.com/democrats-rai...110000327.html
    These are the folks they should be zeroing in on but the caveat is that it's likely them and their donors.

    The IRS Admits It Doesn’t Audit the Rich Because It’s Too Hard
    Only poor people have to pay back unpaid taxes.


    The Internal Revenue Service is in a bind. The agency's job is to collect the taxes that fund everything else in the government, from Social Security to the Post Office to Medicaid to the military's endless conflicts across the globe. But the IRS is struggling: According to Vox, Americans owe a cumulative $131 billion in unpaid taxes, enough to completely fund the Department of Education for two years. The bulk of that money is owed by the wealthiest people in the country, yet the IRS isn't attempting to collect it from them. Instead, as IRS Commissioner Charles Rettig confirmed in a letter to Congress recently, the agency literally can't afford to audit the rich, so it's pursuing the poor instead.

    ttps://www.gq.com/story/no-irs-audits-for-the-rich
    Last edited by Cinnabar; 10-19-2021 at 10:10 PM.
    BLUEXIT
    A Modest Proposal For Separating Blue States From Red

    Dear Red-State Trump Voter,
    Let’s face it, guys: We’re done.


    It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.

    This is why our separation in all but name is necessary.


    https://newrepublic.com/article/1409...mp-red-america

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    Quote Originally Posted by Cinnabar View Post
    So are facts...
    AWESOME BURN! Burn that nasty old lying bitch to the ground!

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    All it is is the same old money grubbing as always. You hire the neighbor kid to help you paint the garage and the govt wants their cut from the poor kid trying to earn some money for Homecoming. WTF,....Biden thinks he's Tony Fucking Soprano with his all roads lead to Rome kick up tribute bullshit. Its a fucking shakedown, nothing more.

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    Quote Originally Posted by Cinnabar View Post
    Democrats tried to give IRS power to surveil every American’s bank account with a transaction of $600+

    You voted for this, you wanted it and you got it.

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    Quote Originally Posted by Guille View Post
    You voted for this, you wanted it and you got it.
    How do you know who and what I voted for or if I voted at all, but I certainly was going to vote for the orange POS either, as you likely did.
    BLUEXIT
    A Modest Proposal For Separating Blue States From Red

    Dear Red-State Trump Voter,
    Let’s face it, guys: We’re done.


    It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.

    This is why our separation in all but name is necessary.


    https://newrepublic.com/article/1409...mp-red-america

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    Quote Originally Posted by Cinnabar View Post
    How do you know who and what I voted for or if I voted at all, but I certainly was going to vote for the orange POS either, as you likely did.
    I was here at the time. You asked for this and you got it.

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    Quote Originally Posted by Guille View Post
    I was here at the time. You asked for this and you got it.
    You are FOS. My posts threads are not ones of a partisan hack. I call any and all corruption out but I don't believe that you cam claim the same.
    BLUEXIT
    A Modest Proposal For Separating Blue States From Red

    Dear Red-State Trump Voter,
    Let’s face it, guys: We’re done.


    It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.

    This is why our separation in all but name is necessary.


    https://newrepublic.com/article/1409...mp-red-america

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