You Biden supporters piss me OFF..

Biden administration is pressuring lawmakers to enact a controverisal plan requiring banks to turn over to the Internal Revenue Service detailed information about inflows and outflows of almost all American bank accounts.

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig sent letters to lawmakers this week asking Congress to include in tax hike legislation a requirement that banks report annual transaction data on accounts with $600 or more or that have $600 worth of transaction over the year, the Wall Street Journal reported.

The result would be the collection of detailed data about the bank transactions of tens of millions of everyday Americans.

The aim is to help the I.R.S. collect taxes from individuals and businesses on unreported income and to create more leads for audits.

The Biden administration claims the additional information would


TYRANNICAL not a very nice person BIDEN SUCKSASS

Wow..

So because unreported income is a crime
Keeping tabs on your checking account is somehow okay?
Seriously?

"So because unreported income is a crime
Keeping tabs on your checking account is somehow okay?
Seriously?"

 
 That's not what the actual document says but since when have we used the real information over someone else's talking points?

 Aggregated numbers would be provided to the IRS annually.  This is not equivalent to spying on your checking account in my perspective.

 Plus if you choose to use an FDIC bank the US Government will be involved.  Such as the already required reporting from your bank on  Form 1099-INT, Form 1099-K, among others.  I don't know where this idea that your banking is somehow kept from the Government comes from.  

 There are procedures needed to access individual account information, but the proposal that is being addressed here does not do that in the way you are making it sound.

"The solution is not,
making a Bank report for,
$600.00 a Year in transactions.
(Those Ocean Front lots just outside Denver.
sold very quickly.
Next time I get some,
I will save them just for you)"


 It's a better solution, for the IRS, than the none that exist now.  How is providing more information not beneficial?

 
"It is all about a Crooked, Dishonest, Mush for Brains, Puppet,
TELLING a agency,
what, 'he', want's to do."

 You are describing an Executive Order.  This Proposal is following the standard enactment process.

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Community banks must engage customers on new IRS reporting mandates
By Rebeca Romero Rainey

If community bankers weren’t busy enough continuing their heroic economic response to the pandemic, a recent proposal to impose new IRS reporting mandates on customer bank accounts has become a major advocacy priority.

To counter the plan, community bankers and their customers should weigh in directly with their members of Congress to voice their opposition—and ICBA offers resources to help.

The Plan
The proposal would require financial institutions to report information on customer bank accounts to the IRS. This would be an enormous burden on the community banks required to furnish this information and a breach of their customers’ privacy.  

Specifically, the proposed fiscal 2022 budget would require banks and other financial institutions to report to the IRS on the deposits and withdrawals of all business and personal accounts with a balance of more than $600.


That is everywhere. If it's wrong, correct it.


As for your flippant little
Go to a non fdic  bank,, that is bullshit.
What happened to America?
Unreported income is a crime..
The CRIME is
Unreported income being such a big deal that someone having a garage sale and making a hundred bucks is a problem. You Know this is not reasonably.
What happened to the fourth amendment?
You like the surveillance state,do ya?

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Community banks must engage customers on new IRS reporting mandates
By Rebeca Romero Rainey

 Notice some of the methods to address this look very similar to what I said the first time.  


As for your flippant little
Go to a non fdic  bank,, that is bullshit.

 Then use an FDIC bank, I don't care.  Bottom line is if you use a bank that gives you the protections of the US Government you then must engage to a degree with the US Government.  It's like complaining about paying taxes and also using public roads.  You don't want the Government in your finances, put them somewhere else, or stop using US currency.


 
"What happened to America?
Unreported income is a crime.."

 This can't possibly be a new information to you.  It's been this way for a long time.


"The CRIME is
Unreported income being such a big deal that someone having a garage sale and making a hundred bucks is a problem. You Know this is not reasonably."

 I didn't say it was a big deal, I said it was a crime.  Fight that issue instead of complaining inaccurately about this proposal.



What happened to the fourth amendment?
You like the surveillance state,do ya?

 Again, if you used the actual document and wasn't listening to manipulated information maybe you would know and be pissed off about the real issue and not what you are complaining about.

 Aggregate data.  Deal with that instead of complaining about the 4th that doesn't apply because the Proposal doesn't ask what you think it does.  Should data collection link directly to tax liability?  Yes.  Is this Proposal violating that?  No because that regulation/law does not exist... yet.

Well it MUST be Bigger than the problem of  spending 22 to 132 BILLION of tax dollars, (according to many estimates), on Illegals each year.

It MUST be bigger than the problem of  spending 100 - 145 BILLION of tax dollars on the Drug War.  (Longest WAR in the US Ever).


 I imagine this is why they want banks to do it.  The majority of cost and manpower will be done by bank assets and staff.  Placing a regulatory burden, that has associated cost, is always best left to the person held accountable.  This is why Proposals have to be scrutinized so much.

 I think it does have to do with money more than outright control, because they can already see what is in our bank accounts, just not as easy.

"Or is it some government entity ?"

 What is "Some" government entity?

 Is it the Dept of State?
 Is it the Bureau of Land Management?
 Is it the Dept of Energy?
 Is it the Coast Guard?
 Is it the American Battle Monuments Commission?



"Who is 'they' ?

Is it Alexi & Siri, ?

 No


It it a banker at one institution,
who can see your account at another bank ?

 No.


Is it Credit Card Companies ?

 No


Is it Amazon, Best Buy, Firehouse Subs ?

 No.


Is it your next door neighbor, your preacher, your car mechanic ?"

 No.


"Or is it some government entity ?
And if so, what exactly is the need,
for what 'Mush for Brains',
want's to do ?"

 Yes.  It is outlined in the Proposal and associated references.