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Thread: new 2022 $600 threshold proposal

  1. #1
    The Biden cunts want to have every bank account that has a balance of $600 or more at any time during the calendar year have aggregate inflows and outflows reported to the IRS for that calendar year (as most know already). It's time for a shoe box (or wall safe) account (yes I know, it should have been done a long time ago). Over and over again they prove what evil piles of shit they are.
    Last edited by tableplay; 10-19-2021 at 03:26 AM.

  2. #2
    Originally Posted by tableplay View Post
    The Biden cunts want to have every bank account that has a balance of $600 or more at any time during the calendar year have aggregate inflows and outflows reported to the IRS for that calendar year (as most know already). It's time for a shoe box (or wall safe) account (yes I know, it should have been done a long time ago). Over and over again they prove what evil piles of shit they are.
    IN a recent interview Janet Yellen said this law is needed to stop billionaires from evading taxes. Total Bullshit on her part. I just don't get how these bureaucrats think they can just lie about anything and everything and get away with it. They could have tailored the law specifically to the very rich.

    I think what they are after is taxing the underground economy. That economy is all middle and lower classes.
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  3. #3
    Originally Posted by mickeycrimm View Post
    Originally Posted by tableplay View Post
    The Biden cunts want to have every bank account that has a balance of $600 or more at any time during the calendar year have aggregate inflows and outflows reported to the IRS for that calendar year (as most know already). It's time for a shoe box (or wall safe) account (yes I know, it should have been done a long time ago). Over and over again they prove what evil piles of shit they are.
    IN a recent interview Janet Yellen said this law is needed to stop billionaires from evading taxes. Total Bullshit on her part. I just don't get how these bureaucrats think they can just lie about anything and everything and get away with it. They could have tailored the law specifically to the very rich.

    I think what they are after is taxing the underground economy. That economy is all middle and lower classes.
    I'm sure all the people that immigrated here from south of the border that voted for this cunt administration (it was rigged so Biden would have gotten in anyway) will be delighted that most of their income will be taxed (if they still keep it in banks) if this proposal goes through and becomes law. And also, I'm sure they will be delighted that this underground income won't contribute to their social security or be able to be utilized to qualify for a health insurance subsidy even though it would be treated like a paycheck (if the proposal goes through).
    Thieves must be salivating at this proposal since there will be all that extra cash in peoples' residences instead of being deposited into banks if it goes through. I predict home invasions will skyrocket if it goes through. All brought to you by the administration that really cares for the safety and well-being of the common folk. LMFAO.

    I guess they figured this is easier than trying to eliminate cash which was proving very difficult to do.

  4. #4
    Originally Posted by tableplay View Post
    The Biden cunts want to have every bank account that has a balance of $600 or more at any time during the calendar year have aggregate inflows and outflows reported to the IRS for that calendar year (as most know already). It's time for a shoe box (or wall safe) account (yes I know, it should have been done a long time ago). Over and over again they prove what evil piles of shit they are.
    From my understanding they have been tracking deposits of 600 dollars or more for a very long time.
    Not officially but certainly unofficially.
    Profiling basically or Nazism... however you want to look at it.

  5. #5
    Originally Posted by monet View Post
    Originally Posted by tableplay View Post
    The Biden cunts want to have every bank account that has a balance of $600 or more at any time during the calendar year have aggregate inflows and outflows reported to the IRS for that calendar year (as most know already). It's time for a shoe box (or wall safe) account (yes I know, it should have been done a long time ago). Over and over again they prove what evil piles of shit they are.
    From my understanding they have been tracking deposits of 600 dollars or more for a very long time.
    Not officially but certainly unofficially.
    Profiling basically or Nazism... however you want to look at it.
    Yes good point Monet. In this new twist, if I am understanding the proposal correctly, if the balance of the bank account itself goes at or above $600 during the calendar year (irrespective of deposit or withdrawal sizes), the total of all the deposits (inflows) and the total of all withdrawals (outflows) will be reported to the IRS for that calendar year.
    Best, TP.

  6. #6
    Originally Posted by tableplay View Post
    Yes good point Monet. In this new twist, if I am understanding the proposal correctly, if the balance of the bank account itself goes at or above $600 during the calendar year (irrespective of deposit or withdrawal sizes), the total of all the deposits (inflows) and the total of all withdrawals (outflows) will be reported to the IRS for that calendar year.
    Best, TP.
    Thanks for the clarification.
    The way you explain it sounds horrific.

  7. #7
    If the goal is to devalue the dollar by driving more people to crypto, then that'll certainly be a good way to accomplish that.

  8. #8
    Originally Posted by monet View Post
    Originally Posted by tableplay View Post
    Yes good point Monet. In this new twist, if I am understanding the proposal correctly, if the balance of the bank account itself goes at or above $600 during the calendar year (irrespective of deposit or withdrawal sizes), the total of all the deposits (inflows) and the total of all withdrawals (outflows) will be reported to the IRS for that calendar year.
    Best, TP.
    Thanks for the clarification.
    The way you explain it sounds horrific.
    No problem Monet. That is how I interpreted what I am excerpting below:

  9. #9
    Originally Posted by Mission146 View Post
    If the goal is to devalue the dollar by driving more people to crypto, then that'll certainly be a good way to accomplish that.
    As if the inflationary pressure on the dollar wasn't bad enough already, LOL.
    Update:There was quite a bit of backlash so now they are trying to change the proposal to $10K which is still ridiculous.

  10. #10
    I agree that it's ridiculous, but that is the amount for a CTR, so it's at least consistent with something.

  11. #11
    I read Biden is backing down from this proposal.
    What, Me Worry?

  12. #12
    Originally Posted by MisterV View Post
    I read Biden is backing down from this proposal.
    Probably hurt Hunter's artwork sales.
    FraudJ's word is worth less than the prop cash in Singer's safe...RIP

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