Biden Wants To Raise Your Taxes 78 Billion Over The Next Decade

Time to break out the mason jars and shovels! Just in time for Winter!

Will we be canning or burying money?

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Thank you.
It is an honor kind sir. :)

And I believe it's also if you have more than that amount in your bank account...you're a target.

Banks were already monitoring all transactions on the IRS's behalf. This just makes the IRS do their own grunt work.

And it will result in more bank charges.
But taking it from $10,000 to $600 is kind of drastic.

Why would your bank doing less work result in more bank charges??

imagine shilling for banks.

Lol

Because reporting to the IRS every transaction you do over $600, is more work for the banks than reporting every $10,000 transaction you make.

No. It's like one button on the spreadsheet that uploads it online.

But don't you think you'll be charged for the time that person has to spend pressing that button?
I mean considering how many more times they'll have to press it?

No I don't. It's one line of SQL code. There is no work to it whatsoever. I lose no sleep worrying about that.

The work is in a human scrolling through all the transactions, studying them, and wondering why someone has bought and sold so many used cars in a month when they're not any kind of car salesman, or something like that. And for that, many of the bank's manhours just got freed up.

I think you're mistaken.

https://www.foxbusiness.com/politics/biden-irs-bank-account-proposal-opposition

On the off chance that I don't read it, what's the gist?

That banks will be charging more fees due to having to report more. Was the part I thought might interest you.

Sounds made up.