A Democratic aide noted that they’re focusing on increasing the current threshold to $10,000 but said that figure could well change.
So ... all of this to raise the IRS limits in transaction to the same number it is today?
It's a game to allow them to lower that later when no one is talking about it. It's 2021 and $10,000 is not much money at all. All this shit was put into place with the excuse of using it to stop drug dealers and gangsters. Look at how little drug dealing and gangs we have now! Oh wait.... You mean these laws are used against regular citizens just going about their business?
Read it again, if you hit the transaction limit ($600) the bank has to report ALL of your transaction for the entire year. Not just the one transaction that was over $600.
Rent alone in most places is over 600$/month, so why even bother with a number?
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