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Under Biden Plan, The IRS Would Know A Lot More About Your Bank Accounts
Forbes ^ | 4/28/2021 | Guinevere Moore

Posted on 05/03/2021 2:02:52 PM PDT by Oorang

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To: Graybeard58
More government intrusion in our lives, just what we need.

What we need is a gdamn tax revolt that would make the Civil War look like a walk in the park. They keep pushing and we do NOTHING.

21 posted on 05/03/2021 2:23:11 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Bullish

IMHO, this will never see the light of day. It’s some far-leftist’s wet dream.


22 posted on 05/03/2021 2:24:27 PM PDT by upchuck (Corporations don’t pay taxes. They collect them. From us. ~ h/t Little Ray)
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To: Oorang

Preparing for the nationalization of all IRA’s and 401k’s?


23 posted on 05/03/2021 2:25:07 PM PDT by Bratch
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To: Oorang

Big Brother come to life. Orwell has the year wrong when he wrote 1984.


24 posted on 05/03/2021 2:25:13 PM PDT by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: upchuck
IMHO, this will never see the light of day.

I agree, this will be a major uphill battle. But things have gotten so out of control it seems like a race to see how fast we can become Venezuela.

25 posted on 05/03/2021 2:29:05 PM PDT by Oorang (Politicians:-a feeble band of lowly reptiles who shun the light and who lurk in their own dens. )
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To: Dawgreg

It’s time to start dolling out money for the kids and grands to keep the account down I guess.

....................................................

I’ll be 76 years old next month and not in the best of health and that’s exactly what I’m doing. I have a will but I’m looking for ways to keep more of my money that I’ve earned/invested in the family and out of the hands of government.

My wife passed away 2 years ago and the decisions about who gets what are mine and those decisions are not always easy. I have 6 adult children, 27 grand children and and 12 great grand children.


26 posted on 05/03/2021 2:30:08 PM PDT by Graybeard58 (The China virus doesn't scare me, Venezuelaism does.)
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To: Graybeard58

WOW, we’re a little younger with 2 kids, 4 grands and 2 bonus grands. Crap, I’ll just have the house completely remodeled, get the acreage landscaped to the sky and pay out of the checking and do away with personal savings. Draw out the stocks and buy lots of mason jars or go back to canned coffee.......is that what this is coming to?????


27 posted on 05/03/2021 2:36:52 PM PDT by Dawgreg
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To: cableguymn

Sure gonna make tabulating your tax bill easier for them.
___________________

Maybe they will just do our taxes for us and withdraw what they deem appropriate.


28 posted on 05/03/2021 2:44:39 PM PDT by KittyKares (I miss President Trump!)
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To: upchuck

Who had this idea on their wish list?

nobama

valjar

susan rice

√ other


CCP


29 posted on 05/03/2021 2:55:49 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Oorang

Another step to full control. They will be able to take your money if they say you have too much. Remember Cyprus?

Next step: eliminate cash.

Just think how easy it will be to take money from Whitey and put it in the accounts of non-Whitey.


30 posted on 05/03/2021 2:59:03 PM PDT by I want the USA back (Non-binary transnormativity is a construct of intersectionality. Leftist gobbledegook stinks.)
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To: Graybeard58

About your age - but all my family, except me, has more money that I can imagine - they are all in the 1% or higher class. And if I was homeless and starving, they would all laugh and refer me to welfare agencies, if they even noticed. Family, to them, is like electing a President - its all about appearances, nothing else.

So I’m trying to think of friends I know who would value what little (comparatively) I have and own.


31 posted on 05/03/2021 3:01:38 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: Oorang

A number of people run under the table services - like lawn care.

They pocket all the money and don’t report any to the IRS.

But some people pay with checks and they have to be deposited.

So you say you had no income but you had $100,000 worth of deposits to your bank account.

I’m not on either side on this issue.


32 posted on 05/03/2021 3:06:55 PM PDT by PeteB570 ( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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To: Oorang

This isn’t an “American Families” plan, this is a “RAPE AMERICAN FAMILIES” plan.


33 posted on 05/03/2021 3:07:13 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: PeteB570

Also they have equipment/workers/ etc. Cash payment may be hid
but they have to show some income just to cover cost of ops.


34 posted on 05/03/2021 3:11:33 PM PDT by deport ( )
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To: PeteB570

Also they have equipment/workers/ etc. Cash payment may be hid
but they have to show some income just to cover cost of ops.


35 posted on 05/03/2021 3:11:33 PM PDT by deport ( )
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To: Oorang

cut down on your bank accounts


36 posted on 05/03/2021 3:27:28 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: cranked

Don’t forget food. He’s zeroing in on beef also.

Bye McDonalds. Bye Burger King. Bye Wendy’s. Bye all you
others.

Life is going to become so freaking horrible, who will want
to live.

I’ve got a fatal disease? What’s the bad news?


37 posted on 05/03/2021 3:41:18 PM PDT by DoughtyOne (Folks, if you haven't yet, please start an automatic monthly for Jim and his crew.)
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To: Oorang

It’s getting low Joe, fill er up.


38 posted on 05/03/2021 3:43:31 PM PDT by Pollard
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To: Oorang

This is what I call, “The Assumption of Guilt.” It already occurs with large dollar financial transactions. Try to deposit a large cash amount and you will be assumed guilty of drug trafficking or terrorism. Oh, you can prove your innocence by filling out a form. I hate these MF’ers. They infringe on our freedoms and liberties and just turn their heads the other way. Case in point with the border situation today. Obviously, there are zero drugs and no human trafficking occurring at the border.


39 posted on 05/03/2021 3:49:49 PM PDT by ConservativeInPA (“When injustice becomes law, resistance becomes duty.” ― Thomas Jefferson)
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To: PIF

I hope you’ve seen Eastwood’s “Gran Torino.”


40 posted on 05/03/2021 4:08:03 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy saints surrounded.)
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