For those who have been following politics for a while, you might have remembered something about $600 and IRS reporting from a decade ago when Obamacare was passed.
Within the 2010 Obamacare mess, “It was added that payments for goods more than $600 in a 12 month period needed to be reported as well as services. Obamacare further provided that, beginning in 2012, payments to non-tax-exempt corporations—which had previously been exempt from the reporting requirement—would be subject to information reporting.” (link)
The 2010 tax law was actually enacted, briefly, and was scheduled to take effect in the 2012 tax year.
I well remember at the time everyone was like WTF, I’ve got to fill out a 1099 any time I give $600 to a service provider or business?
Yes, the embedded law inside the Obamacare law meant that anyone who paid any person or business $600 or more for a good or service was supposed to fill out a 1099 tax filing reporting the transaction to the IRS.
The political premise of the law was so obvious, stupid and cumbersome in 2011, after Obama’s 2010 mid term election “shellacking“, one of the first acts of a new republican congress was to repeal that ridiculous segment of the law. As it was noted at the time:
[…] “Essentially, with President Obama, signing into law H.R. 4 [2011], the reporting rules now revert back to what they were before the 2010 legislation (Obamacare and Small Business Jobs Act) was passed. We are now back to where we were before the government started monkeying around with things in the first place.” (read more)
So, for those of you paying attention; and for those of you who realize Joe Biden is just a false front for Obama’s third term; indeed the current 2021 effort by the Treasury Department to require banking notifications to the IRS for $600 transactions looks exactly like what Obama’s team previously tried in 2010.
♦ The difference this time is they are switching the reporting requirement from the individual taxpayer to the financial institution. THE GOAL IS THE SAME.
Here is where you need to remember that Barack Obama and his Alinsky crew used the IRS as a weapon against their political opposition. {GO Deep} The IRS even settled a class action lawsuit in 2018 giving the Tea Party groups $3.5 million in a settlement, and the IRS admitted they were targeting Obama’s political opposition.
The Joe Biden proposal to create an entirely new reporting regime for financial accounts that exceed $600 should be alarming to taxpayers. If this proposal is implemented, it is inevitable that we will see new cases of the IRS targeting and harassing taxpayers.
It is not a coincidence the $600 threshold is the same in the Joe Biden 2021 Treasury Department effort as it was in the Barack Obama 2010 effort. The Alinsky crew know they can then control “who” to apply this target regulation toward.
Just like the DOJ-NSD only targeted Foreign Agent Registration Act (FARA) violations toward the political opposition of Democrats; and predictably just like any OSHA vaccine penalty will only be targeted toward political opposition of Democrats; and just like the IRS was previously weaponized through the DOJ to target political opposition of Democrats; so too will these $600 treasury notifications provide the basis for another round of political targeting.
We have a clear history to fall back on here. This is what Saul Alinsky taught them to do….
[…] The IRS Criminal Investigation Division (IRS-CI) regularly violated taxpayers’ rights and skirted or ignored due process requirements when investigating taxpayers for allegedly violating the $10,000 currency transaction reporting requirements, according to a 2017 report by the Treasury Inspector General for Tax Administration (TIGTA). In addition, less than one in ten investigations uncovered violations of tax law.
These findings should be alarming to taxpayers given that President Biden has proposed creating a new comprehensive financial account information reporting regime which would force the disclosure of any business or personal account that exceeds $600. Not only would this include the bank, loan, and investment accounts of virtually every individual and business, but it would also include third-party providers like Venmo, CashApp, and PayPal. (read more)
First we have to pass blank boxes of paper to see what’s in them and fill them in as we go along and keep it hidden from sunlight until needed
That’s it.
“Pass it so we can find out what’s in it”.
And … filthy RINO traitor McCain saved it.
McStain is about right.
Nazi Nancy Pelosi did say it was Obamination’s agenda
Obama is not smart enough to pull what is being pulled off. There is a group behind the scenes that doing this. Bill Gates, Obama, Soros are the faces but some other group much more powerful and extremely smart is guiding this ship.
Yeah, Satan isn’t stupid.
The CCP and the Davos crew have unlimited resources to task minions like, Obama with.
Given the sudden interest in tracing all income anywhere at anytime for anybody can we expect a robust investigation into the sources and recipients of free bail? Shouldn’t the individuals receiving sometimes as much as $100,000 or more in bail posted on their behalf pay the taxes on that income? It is income isn’t it? They did the riot work, they got paid.
Start with Hunter’s deals and his “big guy “ kickbacks.
Not just criminals, but our elected representatives also…oh, wait…
They’ll surely exempt themselves.
You missed the crux of the article which is to target political opposition. Any investigations will target ONLY political opposition, so any investigation into Hunter will be directed against the investigator.
Precisely!
Any bets PT will be the first person audited by the IRS followed by 10,000 Conservative, Unjabbed, Christians?
Just a coincidence.
ZEROHEDGE tonight
“Treasury Slams ‘Misinformation’ Over $600 Bank Reporting Provision”
Janet Yellen, who has done as much damage as Ben Bernanke says this is all bunkum. And, as with all utterances coming out of any mouth piece of the government, I do NOT believe her.
The first strategy of an expert liar is to embed the lies in bits of truth. If you listen to Yellen’s entire statement, she’s quite good at it.
Remember what you can see with your own eyes is superseded by what the totalitarian government tells you you’re seeing.
I see a he, but totalitarian Janet Yellen says I see a she.
They never tell the truth, all their wrongdoings require constant denial and continuous lies.
The moor 0bamas 3rd term, and the rotten fruits that it bears.
So who is telling Obama what to do?
We call this Obama’s third term but he is not smart enough to think of this and far to lazy to do any kind of work.
The Alinsky crew is mentioned in this article but who is behind them and then who is behind them.
And so on.
You can bet none of this has to do with Obama. Obama is just a more lucid puppet than Biden as well as evil.
Both are “hey-boys” of the rich and powerful.
Depends on the circumstance. Hang around 0bamas DC pad, and see who comes and goes. Anything that pertains to the spread of islam is pure 0bama.
Satan is behind this.
Yes, it is a reducito ad absurdem.
I think Valerie Jarrett is one to watch.
Patrick Gaspard too.
Has anyone ever looked at the instructions for using a 1099?
A 1099 is to be used only in the course of a “ Trade or Business”, hmmm, what’s a trade or Business you ask…
26 USC 7701(a)(26)
The term “trade or business” includes the performance of the functions of a public office.
”Includes” and “ Including” the term includes and including when used… “shall not be deemed to exclude other things otherwise within the meaning of the term defined.”
“Nosictur a Soccis”… A word is known by the company it keeps.
This is the law! Understanding law helps those to understand that the Tax laws are 100% constitutional.
Now don’t go running around fighting without know the laws.
26 USC 7701
(c)Includes and includingThe terms “includes” and “including” when used in a definition contained in this title shall not be deemed to exclude other things otherwise within the meaning of the term defined.
We use them but the real work is done by the account who must keep track of everything and then file everything for the IRS.
And now it seems as though the individual very very small business will need to do this.
Very annoying and not necessary for any intelligent reason.
Wrong. When you understand the laws, you’ll understand why I say “Wrong”. Unless of course you had some Federally connected activity.
scroll down to see the link then start your journey. Get educated. Lost horizons. Com
Matthew Kaminski
@KaminskiMK
They didn’t previously announce it, but Buttigieg’s office told West Wing Playbook that the secretary has actually been on paid leave since mid-August to spend time with his husband, Chasten, and their two newborn babies.
He can’t leave his behind.
In a totalitarian state, it is literally impossible not to break the law. The subject is always breaking some law, no matter how hard he tries. The only thing in question, is whether the offender will be punished for his inevitable transgressions.
You must live in fear.
And we are all Winston Smith.
Yes indeed Raptors2022
You hit the nail on the head!!
Stalin’s Head of the Secret Police, Lavrenty Beria, supposedly said: “Show me the man and I will find his crimes.”
Find = Invent
Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against… We’re after power and we mean it… There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.
Ayn Rand, Atlas Shrugged
Our bank has been keeping us apprised on this. Rec’d this today:
We are writing to you again regarding legislation that is taking shape in Washington. As said before, we care about you and your relationship with (our local bank), which is why we are committed to providing you pertinent information to help you advocate for your financial privacy.
Previously, we shared that if a proposed provision in a recent government funding bill were passed, financial institutions would have been required to report transaction activity on all personal and business accounts with a balance greater than $600 to the Internal Revenue Service (IRS). Yesterday, House Speaker Nancy Pelosi announced that some lawmakers are looking to include a similar tax reporting provision in their current budget reconciliation package. This controversial proposal would require financial institutions to track inflows and outflows on customer accounts above a certain de minimis threshold and report them to the IRS. Although the threshold for reporting has not yet been decided, many lawmakers in favor of this kind of legislation are setting it at $10,000.
In a recent letter to lawmakers, the American Bankers Association (ABA), Maryland Bankers Association (MBA), and many other banking trade groups noted that “the impact on average Americans and the safety and privacy of their financial information would not be mitigated by raising the reporting threshold to $10,000, or even $100,000”.
We value your business and privacy and want to make sure you have all the information needed to advocate for your best interest. If you haven’t already done so, and wish to voice your opinion to policymakers or learn more about this proposal, visit the grassroots site Secure American Opportunity, brought to you by the ABA. By visiting the Secure American Opportunity site, you can connect directly with elected representatives in your district.
Please let us know if you have any questions. We look forward to continuing to serve you and our communities.
I received an email like that too – they had a link which sent me to a section that provided a basic form letter to each of my “representatives.” I customized it a little and sent it off.
I then received automatic responses from them (all democrats) conveying that they valued my input and would take it into consideration.
Sure… they’ll support this.
Whatever – I’ll be out of here soon enough.
Secession is the end result of all this so I want to be in a somewhat “normal” state when the whole thing comes crashing down.
How does secession work when virtually every state–even the red states–have been infiltrated with commies and RINO collaborators?
Thank you for posting this, the https://secureamericanopportunity.com/take-action/oppose-new-irs-reporting-requirements-take-action/
Makes it very easy to contact our congressmen, very similar to numbersusa.com
Thanks.
With FJB’s inflation pretty soon a hamburger will cost $600.
We didn’t know it at the time, but we were electing Hussein Obama as President-for-Life.
Mr Michelle Obama. And his wife Michael. There. Commie Bastards hate when you mock them. So we Mock the shit out of them.
Who do you mean by “We”?
I think you just outed yourself.
“We” elected Ozero the same way “we” elected JoeBama. Via fraudulent vote tabulation.
Yes I believe Ozero was the Dems first successful use of a massive vote fraud “organization”.
We’re in the middle of a jewish communist takeover. We were warned. A long time ago. 110 times so far.
Actually, that would have been John F. Kennedy. Chicago handed him the keys to the White House.
Mayor Daley’s fraud in Cook County IL was pretty well documented not too long after that election. That fraud was nowhere nearly as broadly coordinated and facilitated nationally as the fraud that has been occurring this century.
<I think you just outed yourself.>
The Gipper…Seriously?
Are you related to Auntie Dope?
Not me, Kemosabe.
New here? I know for sure that the Gipper has been here for a long time, and is not an Obama supporter in any way.
Some knew it. But those who voted for Obama ignored the “bigots” as prejudiced conservatives. “I told you so,” rings so hollow now.
From the IRS instructions for forms 1099s…
Trade or business reporting only. Report on Form 1099-MISC only when payments are made in the course of your trade or business. Personal payments are not reportable. You are engaged in a trade or business if you operate for gain or profit. However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements. Other organizations subject to these reporting requirements include trusts of qualified pension or profit-sharing plans of employers, certain organizations exempt from tax under section 501(c) or (d), farmers’ cooperatives that are exempt from tax under section 521, and widely held fixed investment trusts. Payments by federal, state, or local government agencies are also reportable.
All tax code laws and rehulations are easily amended or eliminated by a single bill. A 1099 can be whatever the law says it is.
RAPE, PILLAGE, PLUNDER; AMERICA YOU’VE BEEN HAD!
This article is just another example of what’s happening in America that reinforces the confessions/lessons learned first presented in 1989 to the citizens of an old soldier/cop’s community while he was serving as their police chief. The only real change in all the years since 1989 is that the average American is even more the victim of the barrages of propaganda being blasted on them by real time communications systems and the actions of corrupt/incompetent politicians, academicians, bureaucrats, and the media. Each group bent on driving the masses into nothing short of a world wide feudal system.
Soldier/Cop/Mercenary, Retired
CONFESSION/LESSONS LEARNED BY AN OLD SOLDIER/COP/MERCENARY.
In light of all the activities of the “Left/Progressives” and many other groups seemingly bent on destroying everything we cops and soldiers have/are ‘supposedly’ spent/spending ours careers and in far too many cases giving/gave our lives defending, can you guess which of the following confession/lessons learned were first presented to the public in 1989 by a soldier/cop/mercenary following 26 years in the army and in his third year as a civilian police chief?
A Soldier/Cop/Mercenary’s Confession/Lessons Learned
*Soldiers (ground combat soldiers, that is) do not fight first and foremost for their country, the flag, motherhood, girls back home, nor apple pie! Before all else, soldiers engaged in ground combat fight for their fellow soldiers and their unit. Why? Because in every war/police action/whatever including WWII the strategies and tactics adopted by mostly incompetent/corrupt military and civilian managers (notice I said mangers not leaders) were designed to maximize the profits of the military/industrial/political complex with little regard for the those personnel charged with employing the same. In short, the American soldier has been nothing more than a “mercenary” since 1969 with the creation of the “All Volunteer Army (VOLAR).
*The Seven C’s of Leadership according to a survey of 1646 Vietnam era ground combat veterans listed of the order of their importance (according to the vets) are; Candor, Competence, Consistency, Commitment, Courage, Compassion, and Courtesy. The reason the soldiers in the survey chose the word “candor” is because to them candor encompasses both omission and co-mission. To a combat soldier lack of absolute candor, be it co-mission or omission, are equal sins! In short, soldiers expect/demand absolute candor from their leaders before all else. Note: The democrats have proven they are masters of co-mission, while republicans have proven they are masters of omission!
* The American people are the most effectively lied to people in modern times thanks primarily to politicians, bureaucrats, academicians, and the media.
* Arrogance plus ignorance equals stupidity (A + I = S).
* The greatest threats to the American people are the corrupt and/or incompetent politicians/bureaucrats/academicians found at every level of government/academia, and the majority of the American so-called media.
* Most of the politicians, bureaucrats, academicians, and media types I have encountered during my years as a soldier/cop/mercenary I most kindly refer to as; self-serving, witless, cowards. Note: I originally refereed to the aforementioned folks as; “Self-serving, witless, cowardly, pissants!” After retiring to the deep woods I dropped pissants once becoming acquainted with the little guys; in that I learned pissants are not self-serving nor witless, and certainly not cowards!
* The American Profession of Arms and our brothers/sisters in the Blue have failed to protect the American people from all of their enemies, both foreign and ‘most especially’ domestic.
* There are only two primary requirements to be a career soldier and/or cop in America. One must be smart enough to do the work and dumb enough to take the job.
* American soldiers and police officers must in addition to mastering all of their professionally mandated tasks learn to accomplish the same with at least one arm tied behind their backs and their vision impaired 50% or more.
* After carefully watching the whole of the political class since May of 1960, I can say without reservation that most of the group will sell their souls and our bodies just to remain in power.
* Want to see what the United States of America will look like if the left takes control of the government? Take your pick: New York City, Baltimore, Chicago, Seattle, San Francisco, Los Angeles, or the complete packages; California, New York, Illinois, etc, etc, etc…..
* If the so-called Progressive movement continues unchecked a number of able veterans are going to be presented with a challenge/decision. Are the American people worth another drop of our sweat and/or our blood?
* The end goal of the elites and their minions is not (nor ever has been) socialism, communism, or capitalism. The elites of world have used all manner of ideologies, religions, terrorism, brute force, etc. to drive the masses/peasants/serfs/whatever in one direction. That direction leads to one of the oldest forms of human control ever employed in the history of mankind. That form of human control is, Feudalism!
Soldier/Cop/Mercenary, Retired
Feudalism makes perfect sense of the actions we see. The elite number how many? In the inner circle? And how many serfs does each of them required to serve them and worship them? Scattered about the planet on a few thousand feudal estates, they each would be ruler of their own world.
Hunter Biden can collect billions from China, Russia, Ukraine and pimping laundered artwork. And Pelosi is three times better at investing than Warren Buffet.
But the IRS needs to know if you paid your lawn boy $600 last year.
The Fourth Amendment:
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.
How quaint.
Yup, absolutely a 4th Amendment violation if you ask me – first thought I had on this – not that the pesky CONSTITUTION matters a whit to the DC DEMONIC CRIMINAL CABAL.
You may have fallen for the bait and switch here. The old rule, the one that was repealed and therefore should not be reinstated by regulatory fiat, was that you report each transaction over $600.
The new rule (despite what appears to be deliberate misstatements regarding the rule) is being described as mandated reporting of all activity in any account that has more than $600. Once you hit the threshold of $600 your account is just linked directly to the IRS (and all their proxies) to allow them to paw through and monitor what you do with that money.
The Constitution is just a piece of paper. It has to be backed up by our will to defend our rights. Now is the time. Not necessarily with guns; that seems to be what they’re expecting. But guns are certainly an option.
My accountant (CPA) is liberal and loves all of this. It does nothing but bolster her billing.
Get a new accountant!!
That’s because you CPA is an idiot who clearly knows the tax laws but rips you off anyway or… an idiot who truly does not understand the tax laws one iota.
Many people’s CPA’s are nothing more than IRS agents.
https://www.losthorizons.com/
get educated. It took me years to understand law and the IRS hates people like me.
My accountant is finally seeing the light. This past year she said, “The IRS I knew is gone. The new IRS is not following the law.”
If it doesn’t find it’s way back into law, they will just snoop anyway. Who exactly will stop them? Every single branch of government is corrupt. We have yet to see a high-profile arrest, despite evidence of massive crimes committed against citizens. Laws? Those are for the little people.
McCabe just got his pension back.
I guess attempted coups aren’t as criminal as I thought they would be?
Nancy Pelosi-“Keep Gov open to pass Obama’s full Build Back Better Agenda.”
Gosh —why would Nancy go and spill the beans on Obama’s 3rd term? Didn’t she get un-invited to Obama’s Martha’s Vineyard Birthday Party?
Just the other day Nancy said something about often thinking of having world power or something. She also said “the President” over and over. – not Biden’s name — during her entire weekly press conference.
Sick, Evil, Drunk on Power Witch.
I hadn’t put two and two together with her being dissed by obozo and that statement she made. She is extremely…extremely vindictive and you may be right. But she is a baby killer to the end, as they all are, so I don’t see anything coming from this. They all need to be……fill in the blank…
Blank filled in.
I never did trust Denis McDonough. Wouldn’t surprise me if he was wrapped up in the whole Russian hoax thing, the Benghazi thing, the Hillary server thing, etc, etc.
Now he is the Secretary of Veterans Affairs so he can undo all the good DJT did.
Aside from the issues of privacy, I suspect that all banks will be required to purchase new government approved software in order to report transactions of $600 or more. The old system with the $10k threshold will be made obsolete. So i wonder whose son or daughter or brother-in-law owns the software company ?
It seems I’ve heard this defined three different ways:
-Any individual transaction that is $600/up
-All transactions in any account that ever has a balance exceeding $600 (which would pretty much catch all accounts that have any direct deposits)
-Cumulative transactions over the period of a year that total over $600
Maybe it’s just different ways of saying the same thing.
It’s three different things. Each is progressively closer to complete oversight of every nickel you ever touch. “Because you didn’t earn that.”
This Saturday can the stadium chants be changed to “F’ Joe Obama”?
Shorter. “F Jobama”
Must watch, MUST watch.
Sundance, please watch it?
https://tv.gab.com/channel/realstewpeters/view/70-year-old-woman-manhandled-by-cops-for-616879e22ae9e0690ef77ea7
“I don’t know who’s jewing who anymore”
~A wise man
2021
What is with all the Jewish references?
I hope I’m not alone in saying it sickens me to see this spewed here.
Please stop it, or perhaps visit the Nation of Islam sites.
I’ve been thinking the same thing. Thanks for saying it.
If you are ready to learn the Tax laws then first start here. Then get the information you need to learn the 100% Constitutional tax laws. This guy went through hell studying everything about the law and this link is 18 years of folks just like you and I who learned how to stand up for the “Rule of Law”. It is a MUST that you understand the law before you attempt copying what you see in these links. A MUST!!!!
https://www.losthorizons.com/BulletinBoard.htm
Is it weird that I haven’t had a bank account since 2014? Lol.
I have 4 in three different banks, just one a national bank. I know, silly. I have a corporation that has its own that is used solely for corporation income and expenses. I have a pass through trust that has one to clear transactions. I have an eBay business that is linked to its own account. There is my personal check writing account. I have a separate account for Social Security payments and my wife has her own SS account. They are all linked to my SS Number, so the government gets access to all if they demand it.
What they do not have is access to is the stuff in the safe. That is what they are looking for.
The only similarity is the $600 threshold. This is vastly larger, more intrusive, and ultimately profitable for the government than what was in the Obamacare bill. The latter would have been generally ignored anyway and extremely difficult to enforce. This is going to really create two economies, one underground in cash, and one above legit. Many cash businesses will go totally cash to remain under the radar. Then the push to eliminate cash entirely will commence in earnest with the nominee for Comptroller of the Currency already pushing for it with only one bank remaining in the U.S. called the Federal Reserve where everyone will have their account and transact all business under the watchful eye of Sauron himself. Will politics come into play in enforcement actions? I reckon so. From the discussion it is often portrayed as accounts over or something. I do not know the exact wording of the as yet unpassed legislation but, I believe the reporting is any transaction over $600 in or out of the account either in one lump sum or to or from the same party in one year which would include sending venmo cash to a kid for a couple hundred a few times a year. Oops. income should be reported and paid by said kid.
But they have zero interest in finding out where the tens of millions donated to BLM that went directly into democrat- progressive politician pockets.
We know about the three houses the co-founder bought?
Yep, the Obama minions are nasty, hateful and vengeful people with long memories. They got their wee-wees whacked in 2010 and they have been seething ever since, looking forward to the day they could get their payback.
Criminals the deep state peeps are all criminals I say! Lock them all up.
Someone needs to launch a $600 website so all complaints/stories etc can be made on it. It would be a nice public resource to show the bullying.
All these people in charge right now should be brought up on charges of dereliction of duty, violations of their oaths of office, in some cases murder, grand theft, RICO….where do I stop? They’re a bunch of criminals on a GRAND scale.
If you have the funds and a few friends/family members who want to have some fun, try this. Send a $600 check to one in your group, specifying “militia dues” on the memo line. Keep the money moving in a circle, with memo lines like “ammunition” or “kevlar”.
Rinse and repeat. Overload the system.
Or, just keep passing $600 around and say “Merry Christmas” and “Happy Birthday.”
Did you get this from your FIB entrapment supervisor?
that’s because obama and susan rice are the current co-presidents. this is obamas third term and he can push everything because nobody knows he is running the country.
Remember, we are finding we have at least a couple decades of election fraud, meaning those who made the laws for the past couple decades are not provably legitimate lawmakers. We need to fix 2020 first, but we also need to stop taking seriously the laws made by people who have no more right to make laws for others than I do.
Totalitarianism. Tyranny. Total government control over every aspect of everyone’s life OR ELSE!
Pay attention to the OR ELSE part because it’s serious. Jails, prisons, fines and poverty, at first. Later, historically speaking, comes the democide.
.
Sundance, I wish you would stop referring to that demented old ass hat as president.
Better sell your puppies for less than 6c, sell your antiques less than 6c, lets see, that cute puppie cost 599x 4 or no dog. Gonna get very interesting?
Is any one still harboring the misapprehension that Obamamama is NOT in charge of the senile old fool?
don’t we already have $400/- reporting requirement?
this seems like adjustment for ‘inflation’ to me.
You are required to report self employment earnings over $400 on your tax return, but the banks aren’t reporting
$400 transactions to the government.
Nope. Just bought a $700 dishwasher? Reported to the IRS.
https://truthout.org/articles/biden-wants-to-hire-87000-additional-irs-agents-to-go-after-wealthy-tax-dodgers/?amp
$600=wealth
They are not going after billionaires with this $600 reporting requirement. They are going after us because we pay the neighbor kid cash to mow our lawn and scoop our drives of snow and we pay someone cash to clean our houses a few times a month. If this goes through I will stop some of my direct deposits and cash my SS check each month. Back to a cash society!
100%. Wealthy don’t pay taxes, won’t pay taxes and use tax laws, loopholes, offshore accts and sophisticated CPA’s to avoid.
It is US, the mid-working class that they are after and they are after mid-working class b/c we don’t JOIN the progressive movement. Most wealthy people are libs…left-leaning….it’s the mid-working class the govt cannot conform THEREFORE……
Again, it’s not about the money. It’s about the potential of targeting political enemies with selective enforcement.
How would we know?
We’ll see endless parades of “tax cheats” hauled away in irons on national TV–all conservatives.
Biden owes the IRS half a mil. When is he going to pay up?
Sharpton??
Jesse Jackson??
Very simple. It’s the Lois Lerner team, reinvigorated, 2021.
FIND a Conservative, snoop in their bank acct and YOU WILL FIND (IRS) ‘something’…
BE a Conservative and be active, loud and blatantly opposed to Dems, WH, Biden, fascists, marxism, etc; and the IRS WILL come calling…..
Few if any EVER defeat or offset any IRS finding.
ANY tax atty will tell you, pay up; cheaper than ‘fighting the IRS’ and opposition OPENS the door to yrs and yrs of records which many won’t have readily available..
Weaponising the IRS to be used against the targeted people who do not conform to the agenda driven madness is much like legalizing crime. The uniparty has already perfected this atrocious behavior with the FBI.
IRS will GLADLY help their fellow comrades jerk the opposition into compliance or bankrupt them…
So… wait…
Does this mean that if I give my daughter $600 to help with her bills, I have to report it to the IRS?
LOL
Good luck with that!
LESKO BRANDON!
It simply OPENS the door for the IRS to find, search, discover, plunder……it’s a magical amt that constitutes the IRS having ‘every right’ legally to destroy you……
Anyone think Hunter’s $1,000/night whores and crack addicts will be ‘discovered’?????
Going to destroy small contractors, yard services etc.
Is $600 a magic number or something?
Why 600?
They thought $666 dollars would be too obvious?
Not a fan of VICE “News” by any stretch, but I caught a few minutes of a show that said the most affluent throbbing members of Congress and their staff received MILLIONS of tax dollars through the PPP act. Chew on that for a minute.