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Re: IRS to monitor your bank accounts [Re: jaguartx] #16505472 10/07/21
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It would seem that this would be a violation of that pesky little 4th amendment. But then, when has the Bill of Rights ever stopped this gov’t?

BP-B2

Re: IRS to monitor your bank accounts [Re: jaguartx] #16505577 10/07/21
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These things never end up being used for the proclaimed original purpose. Government has no business in your banking records or your business unless you are indicted for a serious crime. I don't think it is right to have banks report any transactions deposit or withdrawal of any amount cash , check , credit , debit or any other form of legal moneys. 10k is peanuts in todays world and $600 is pocket change.


Life can be rough on us dreamers.
Re: IRS to monitor your bank accounts [Re: Captain] #16505585 10/07/21
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Originally Posted by Captain
I could see myself joining a movement of like minded people who withdraw $605.00 on one day and deposit $605.00 the next. Rinse/repeat.


YEPP!

Each day and Every day.

Might even set up accounts at a whole bunch of banks... and do it daily... out of shear principle... and then write off the mileage.

Last edited by CashisKing; 10/07/21. Reason: Typos

"The Republic Is Lost" November 4, 2020 deflave


Re: IRS to monitor your bank accounts [Re: jaguartx] #16505587 10/07/21
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This along with Biden's plan to throw $80 billion to expand IRS enforcement - what could possibly go wrong.

This is sort of entertaining as democrats always believed their party only attacks rich conservatives.


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Re: IRS to monitor your bank accounts [Re: STRSWilson] #16505601 10/07/21
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Originally Posted by STRSWilson
This is sort of entertaining as democrats always believed their party only attacks rich conservatives.


It is IMPOSSIBLE to tax the rich... that is the part that no democrat ever gets...

Let's say I am the CEO of Walmart... and you hammer me and my Board on taxes... OK... I raise the price of bread by a dime and meat by a quarter.

No hit to me, but the minion shoppers get hit with the tax.


"The Republic Is Lost" November 4, 2020 deflave


IC-A

Re: IRS to monitor your bank accounts [Re: jaguartx] #16505625 10/07/21
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Yep. At the end of the day, America's Middle Class foots the bill.


Setting The Record Straight
Re: IRS to monitor your bank accounts [Re: CashisKing] #16505671 10/07/21
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jdunham Offline
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Originally Posted by CashisKing
Originally Posted by STRSWilson
This is sort of entertaining as democrats always believed their party only attacks rich conservatives.


It is IMPOSSIBLE to tax the rich... that is the part that no democrat ever gets...

Let's say I am the CEO of Walmart... and you hammer me and my Board on taxes... OK... I raise the price of bread by a dime and meat by a quarter.

No hit to me, but the minion shoppers get hit with the tax.




No matter how you explain that, a liberal can’t grasp it. I have tried a hundred times, goes over their head every time.


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Re: IRS to monitor your bank accounts [Re: CharlieFoxtrot] #16505691 10/07/21
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Originally Posted by CharlieFoxtrot
It would seem that this would be a violation of that pesky little 4th amendment. But then, when has the Bill of Rights ever stopped this gov’t?


And it won't stop them now & SCOTUS will either not hear the case, or simply dismiss it when it does eventually come up, by which time the practice will have gone on for a very long time.

MM

Re: IRS to monitor your bank accounts [Re: Oldelkhunter] #16505722 10/07/21
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Originally Posted by Oldelkhunter
If I buy a Rifle lets say in 2019 for 2000 and sell it for 1900 in 2021 why should I pay tax on a loss or even report something like this? It's a loss.

Right. The $1,900.00 of course is not taxable since it's not income. Income is profit on sales, and your salary. Selling personal possessions for about what you paid or less doesn't need reporting.


No man escapes
When freedom fails,
The best men rot in filthy jails;
And they who cried: “Appease, Appease!”
Are hanged by men they tried to please.
Re: IRS to monitor your bank accounts [Re: jaguartx] #16505881 10/07/21
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They are already monitoring our accounts. They just want to make it legal so they can act on it. Good attorneys do not ask a question that they do not already know the answer to...


TRUTH does not mind being questioned. A LIE does not like being challenged.
IC-B

Re: IRS to monitor your bank accounts [Re: jaguartx] #16505889 10/07/21
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GAGoober Offline
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If I get 5 million from the Chinese Gov’t for being on a Board seat and give 10% to “The Big Guy”, how does that get reported?

Re: IRS to monitor your bank accounts [Re: GAGoober] #16506130 10/07/21
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Originally Posted by GAGoober
If I get 5 million from the Chinese Gov’t for being on a Board seat and give 10% to “The Big Guy”, how does that get reported?


Same as if he sells art(use the term loosely) for 50 million to a private buyer .


Jimmy Carter can now go to his grave and not be known as the worst president in US HISTORY.
Re: IRS to monitor your bank accounts [Re: jaguartx] #16506200 10/07/21
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JB in SC Offline
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There is already some talk of changing the amount to $10,000 but that amount is total inflow and outflow for a tax year. Just another left wing ploy to audit anyone they choose. I read the proposal and it’s truly chilling…

The ignorance of the general population is staggering.

Re: IRS to monitor your bank accounts [Re: JB in SC] #16511556 10/09/21
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Originally Posted by JB in SC
There is already some talk of changing the amount to $10,000 but that amount is total inflow and outflow for a tax year. Just another left wing ploy to audit anyone they choose. I read the proposal and it’s truly chilling…

The ignorance of the general population is staggering.

I am not so certain that it is "ignorance, per se" versus "apathy". There is a difference between "don't know" versus "don't know and don't care..."


TRUTH does not mind being questioned. A LIE does not like being challenged.
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