Things that you have taken seriously today (Political version)

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Originally Posted by Seran

That's a pipe dream. Also this isn't "reporting all transactions over $600." this is reporting account balances once a year for any account that has had a total of $600 or more in total transactions. Any bank who creates monthly statements for their customers can do this without blinking. Furthermore they're already sending interest payment documents to the IRS and customers, so we know this wouldn't be a hardship.

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"Any account with over $600 in transactions in a year"

You live in your parents basement, that can be the only answer.

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Originally Posted by Seran

this is reporting account balances once a year for any account that has had a total of $600 or more in total transactions

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So... every banked person in America, except the incredibly poor who are unbanked, and the incredibly wealthy who will avoid this like Biden avoids the press.

I mean, I don't care that much if I'm honest, but why would the government need to investigate and or have insights into the middle and lower class, except to tax them more? And that is the least tin foil theory. Don't try to say this is to get the rich, because you know it isn't.

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Originally Posted by Suppa Hobbit Mage

So... every banked person in America, except the incredibly poor who are unbanked, and the incredibly wealthy who will avoid this like Biden avoids the press.

I mean, I don't care that much if I'm honest, but why would the government need to investigate and or have insights into the middle and lower class, except to tax them more? And that is the least tin foil theory. Don't try to say this is to get the rich, because you know it isn't.

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Because it's a work around of the 4th 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"


It would allow the Government 100% oversight into a persons "papers, and effects" without regard for "unreasonable searches and seizures".

Don't get it twisted... it's never just about what they say it's about... ie. "to make sure the rich are paying their fair share"... it's utter bullshit is what it is.

https://www.npr.org/2021/09/29/10414...nformation-ban

"YouTube Is Banning All Content That Spreads Vaccine Misinformation"

They are an editor. They are not a town forum. No protections should apply.

You will listen to "State Media". "State Media" knows what you must and must not know. Any information shared that is not approved by "State Media" will be banned. This is for your own good. "State Media" cares about you. This is not censorship. If you claim this is censorship, "State Media" will ensure that your "misinformation" about it being censorship will be banned.

Understand?

Fun fact: "Editor's note: Google is among NPR's financial supporters."

https://www.marketwatch.com/story/co...?siteid=yhoof2

"Congress is about to kill this popular retirement tax move"

"The bill “prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,” reports the House Ways & Means Committee."

Not just the "rich". Not just those making over "$400k".

Remember: Your money (ie. time and effort) is not yours, it's theirs. Don't forget.

Also: Any "misinformation" disputing the fact that this is only to "make sure the wealthy are paying their fair share" will be banned.

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Originally Posted by Suppa Hobbit Mage

So... every banked person in America, except the incredibly poor who are unbanked, and the incredibly wealthy who will avoid this like Biden avoids the press.

I mean, I don't care that much if I'm honest, but why would the government need to investigate and or have insights into the middle and lower class, except to tax them more? And that is the least tin foil theory. Don't try to say this is to get the rich, because you know it isn't.

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No one is exempt, so saying it only applies to the poor and middle class based on conjecture that the wealthy will find a loophole is irrelevant.

USA Today wrote a great article about the lies and misinformation being passed around by the wealthy and lobbyists.

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Fact check: Claim about the IRS monitoring bank accounts over $600 exaggerates reality

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https://www.google.com/amp/s/amp.usa...amp/8411799002

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Originally Posted by Shaps

Because it's a work around of the 4th 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"


It would allow the Government 100% oversight into a persons "papers, and effects" without regard for "unreasonable searches and seizures".

Don't get it twisted... it's never just about what they say it's about... ie. "to make sure the rich are paying their fair share"... it's utter bullshit is what it is.

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Tax audits, employers and banks reporting earnings and dividends are not a violation of due process or unreasonable searches, the courts have already ruled on this.

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Originally Posted by Shaps

https://www.marketwatch.com/story/co...?siteid=yhoof2

"Congress is about to kill this popular retirement tax move"

"The bill “prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after Dec. 31, 2021,” reports the House Ways & Means Committee."

Not just the "rich". Not just those making over "$400k".

Remember: Your money (ie. time and effort) is not yours, it's theirs. Don't forget.

Also: Any "misinformation" disputing the fact that this is only to "make sure the wealthy are paying their fair share" will be banned.

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This move by Congress, if it stays in the bill, has major implications. It means that they will effectively end IRA tax breaks for most people making more than about $140,000 if single (or $208,000 if married and filing jointly).

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Closing tax loopholes so people can't avoid taxation is a great thing. Having a great tax advisor shouldn't mean you don't pay taxes, that's inhumane and the sort of autocracy our country was founded to escape.

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Originally Posted by Seran

Closing tax loopholes so people can't avoid taxation is a great thing. Having a great tax advisor shouldn't mean you don't pay taxes, that's inhumane and the sort of autocracy our country was founded to escape.

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When our country was founded we had no income tax.

Hey Seran, on a scale of 1-10, how much do you trust the government?

Serious question.