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Supposedly to catch tax revenue the U.S is not capturing.
The amount has changed from 600 dollars/transaction to $10k. Ten thousand dollars per year FFS

Supposedly to catch tax revenue the U.S is not capturing. The amount has changed from 600 dollars/transaction to $10k. Ten thousand dollars *per year* FFS

(post is archived)

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this country blows

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The article doesn't mention this, but Catherine Austin-Fitts has been blowing the horn on this for a while: this is at the behest of the central banks, not a particular political party.

She has a pretty good in depth review of the taxation scams as well as some ideas on what can be done.

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Forty hours a week at fifteen dollars an hour comes to six hundred dollars. Over seventeen weeks, just short of four months, will put you over ten thousand dollars. (40 x 15 x 17 = 10,200)

Working part-time for twenty hours a week will take thirty four weeks to reach the threshold.

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