(((IRS)))
(((IRS)))
I don't want this kind of regulation to be implemented for the simple reason that it's not about catching tax cheats - if you've got $600 in an account you're a very bad tax cheat.
But....
Businesses wanted Anyone But Trump. Biden was Their Boy. He said he was going to do shit like this, now he is. I want these businesses to suffer, to pay for their hubris. You wanted Biden, guess what. You got Biden. And his regime is anti-personnel at it's finest.
I don't want this kind of regulation to be implemented for the simple reason that it's not about catching tax cheats - if you've got $600 in an account you're a very bad tax cheat.
But....
Businesses wanted Anyone But Trump. Biden was Their Boy. He said he was going to do shit like this, now he is. I want these businesses to suffer, to pay for their hubris. You wanted Biden, guess what. You got Biden. And his regime is anti-personnel at it's finest.
It'd be a cancerous piece of regulation that would lead to almost everyone being "audited" (read: sent a letter from the IRS demanding that they owe additional taxes unless they magically prove to the faceless bureaucracy that it wasn't income).
E.g. my spouse and I have separate bank accounts. It's common for us to cut checks back and forth depending on who's making big ticket purchases. I'm certain a couple like us would be harassed by the IRS over this as "unreported income" despite us already paying taxes on it.
Same deal with pooling money to buy presents for relatives. "You received a couple hundred bucks each from your siblings to collectively buy something nice for your parents? Prove that isnt income!!1!!"
Same deal for kids with a bank account. Grandparents gifted them some money to save towards their first car? If their bank account is over $600 be prepared for the IRS to flip its shit over a minor with no income not filing a tax return because they have a modest bank account from non-taxable gifts.
It'd be a cancerous piece of regulation that would lead to almost everyone being "audited" (read: sent a letter from the IRS demanding that they owe additional taxes unless they magically prove to the faceless bureaucracy that it wasn't income).
E.g. my spouse and I have separate bank accounts. It's common for us to cut checks back and forth depending on who's making big ticket purchases. I'm certain a couple like us would be harassed by the IRS over this as "unreported income" despite us already paying taxes on it.
Same deal with pooling money to buy presents for relatives. "You received a couple hundred bucks each from your siblings to collectively buy something nice for your parents? Prove that isnt income!!1!!"
Same deal for kids with a bank account. Grandparents gifted them some money to save towards their first car? If their bank account is over $600 be prepared for the IRS to flip its shit over a minor with no income not filing a tax return because they have a modest bank account from non-taxable gifts.
All this means is that people who have half a brain cell will not keep money in a bank account.
All this means is that people who have half a brain cell will not keep money in a bank account.
It's a Catch-22. If you keep money in a bank account, Biden's goons would falsely accuse you of undereporting income. If you dont keep money in a bank account, you run the risk of govt goons stealing your money under unconstitutional civil asset forfeiture policies and drowning you in SARs every time you deposit cash to make large purchases or investments.
It's a Catch-22. If you keep money in a bank account, Biden's goons would falsely accuse you of undereporting income. If you dont keep money in a bank account, you run the risk of govt goons stealing your money under unconstitutional civil asset forfeiture policies and drowning you in SARs every time you deposit cash to make large purchases or investments.
I feel like barter and smaller purchases may become a thing.
I feel like barter and smaller purchases may become a thing.
... Solution: cash only business. This kills the jew.
I LOVE BIDEN NOW.
...
Solution: cash only business.
This kills the jew.
#**I LOVE BIDEN NOW.**
No you don't, you think his policies are having an effect that aligns with your values.
No you don't, you think his policies are having an effect that aligns with your values.
Shut up. I'm trying to enjoy things.
Shut up.
I'm trying to enjoy things.
Someone has to keep your feet on the ground.
Someone has to keep your feet on the ground.
There will be a government digital currency eventually. Cash will be outlawed.
There will be a government digital currency eventually. Cash will be outlawed.
And thus the (((crypto currency))) comes full circle!
And thus the (((crypto currency))) comes full circle!
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