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650

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[–] • 2 pts

"extremely serious and costly implications for consumers and financial institutions," especially credit unions.

So the real reason for this $600 IRS reporting requirement is to squeeze out goy owned/run credit unions and force everyone to jew run banks who can then "legally" blacklist businesses or individuals for political purposes.

[–] • 0 pt

It's an interesting theory, and it looks like that would happen (even if it wasn't the original intended result.)

[–] • 2 pts

Basically, this is going to kill smaller banks who can't handle reporting but the large banks will have no problem.

[–] • 0 pt

And the larger banks will get government subsidies for compliance.

[–] • 0 pt

And if they get fined, the taxpayer will cover the cost of the fine. See JPMC