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Yellen defends IRS rule requiring banks to report all transactions over $600

Discussion in 'Current Events' started by Collateral Damage, Oct 6, 2021.

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  1. sec

    sec Well-Known Member

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    where the heck you been? Or maybe we just post in different threads
     
    sec, Oct 6, 2021
    #76
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  2. joesnagg

    joesnagg Banned

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    Well, it's never too early for 'em to learn just WHAT they exist for in the government's eyes!
     
    joesnagg, Oct 6, 2021
    #77
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  3. FreshAir

    FreshAir Well-Known Member Past Donor

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    agree, Trump's IRS used over 10k as the number, and as I said, I think we should stay with 10k

    if they want to change to $600, explain to us why, is this a war on drugs thing? or what?
     
    Last edited: Oct 6, 2021
    FreshAir, Oct 6, 2021
    #78
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  4. Talon

    Talon Well-Known Member Past Donor

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    Night_Light_17b.png

    *sob*
    "I knew when I voted for them that they were power-hungry
    lunatics who wanted to     control every aspect of my existence,
    b-b-b-b-but I     didn't expect THIS to happen!!"
     
    Last edited: Oct 6, 2021
    Talon, Oct 6, 2021
    #79
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  5. Talon

    Talon Well-Known Member Past Donor

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    It's a great way to track people's political activity and things of that sort, too. There's no end to how this surveillance could get abused, and we can all rest assured that it will get abused.

    President Xiden is following the example set by his ChiCom comrades to establish a total surveillance society...
     
    Talon, Oct 6, 2021
    #80
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  6. Robert

    Robert Well-Known Member Past Donor

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    Funny given the following lie came from you.
    Why are you pro tax evasion?? Seems like an odd stance to take...
     
    Robert, Oct 6, 2021
    #81
  7. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    It's a war on Freedom, Privacy, and Liberty.

    Enjoy it. I thought you guys knew what you were signing up for with China Joe?
     
    HB Surfer, Oct 6, 2021
    #82
  8. Collateral Damage

    Collateral Damage Well-Known Member

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    I don't have the answer for that, but an educated guess says under this boondoggle, probably.
     
    Collateral Damage, Oct 6, 2021
    #83
  9. Collateral Damage

    Collateral Damage Well-Known Member

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    How are they going to be able to catch all those tax cheats who hold garage sales and not report the income if they stay at the $10,000 level?
     
    Collateral Damage, Oct 6, 2021
    #84
  10. Egoboy

    Egoboy Well-Known Member Donor

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    Good points...

    Question 1 = No... I think my cash record on Craigslist was @ $100 for some golf clubs for my kid

    Qustion 2 = No... I believe contractors are responsible for reporting all cash income... I think my high for a cash payment is probably @ $150 for some branch cutting..... and he did a crappy job... and I now own an extension chain saw...
     
    Egoboy, Oct 6, 2021
    #85
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    I can well imagine it would be in any bill.
     
    Bluesguy, Oct 6, 2021
    #86
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes they are DOING the discussing, floating the trial balloon. And that they would even do that, they own the concept.

    Someone you or do you not support the right to privacy?
     
    Bluesguy, Oct 6, 2021
    #87
  13. George Bailey

    George Bailey Well-Known Member

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    This administration could institute any policy and the left would defend it. I bet if they mandated that everyone be injected with something they would defend it. Oooppps. They already did...

    There is nothing more oppressive than a leftist with power.
     
    Last edited: Oct 6, 2021
    George Bailey, Oct 6, 2021
    #88
  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    how so?
     
    FreshAir, Oct 6, 2021
    #89
  15. FreshAir

    FreshAir Well-Known Member Past Donor

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    how many make money off a garage sale, most people sell the item for less than they paid for it... that is a loss

    they are just reducing their losses

    like selling a stock for less than you paid for it... no income there to tax
     
    Last edited: Oct 6, 2021
    FreshAir, Oct 6, 2021
    #90
  16. Andrew Jackson

    Andrew Jackson Well-Known Member

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    :roflol:

    WRONG!
    And, utterly laughable.:bored:

    I voted for Biden and I OPPOSE this policy.
    Thus, I am not "defending" it.

    In the future, I would suggest that you avoid painting your political opponents with a broad brush.
     
    Andrew Jackson, Oct 6, 2021
    #91
  17. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    When they can track your $, they can track you in very personal ways. Who did you donate to? What did you spend your $ on? Who did you gift money to? These are not things you want a clearly Authoritarian Government to know about your private life.

    Wait until you learn about your Google History being handed over to the feds in this bill too. That's going to be fun.
     
    Last edited: Oct 6, 2021
    HB Surfer, Oct 6, 2021
    #92
  18. sec

    sec Well-Known Member

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    and history supports that statement
     
    sec, Oct 6, 2021
    #93
  19. sec

    sec Well-Known Member

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    sales tax when in essence it becomes a transaction tax. If I buy for $100 and pay $7 sales tax. It seems that if I then sell for $30 the buyer should pay $2.10 tax

    assuming 7%

    I believe that this leads there

    Democrat policies need to be funded and there is no better source for the funding than the common folk who ALWAYS get hurt by Democrat policies
     
    Last edited: Oct 6, 2021
    sec, Oct 6, 2021
    #94
  20. FreshAir

    FreshAir Well-Known Member Past Donor

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    yep, not sure what they would do with that info, and that is why I asked what they were doing with it, is it a part of the war on drugs or what

    they already monitor over 10k a year, have for a long time
     
    FreshAir, Oct 6, 2021
    #95
  21. FreshAir

    FreshAir Well-Known Member Past Donor

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    I do not think garage sales will ever be taxed
     
    FreshAir, Oct 6, 2021
    #96
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    What federal tax is due on personal items you sell at a yard sell? In fact state tax is not applicable on house hold items you sell at a loss as in a yard sale.
     
    Bluesguy, Oct 6, 2021
    #97
  23. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Sad but true. Its all about power!
     
    Doofenshmirtz, Oct 6, 2021
    #98
  24. dharbert

    dharbert Well-Known Member

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    That's when I close out my current account, and start up 10 other accounts and only put $500 each in them...
     
    dharbert, Oct 6, 2021
    #99
  25. AmericanNationalist

    AmericanNationalist Well-Known Member

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    So glad to have the adults back. To reiterate: They don't give a **** about us, we the people. They care about how much we can run on the hamster wheel until we expire and die, then insert the new cog. Laws like this are example #1001 of it.
     
    AmericanNationalist, Oct 6, 2021
    #100
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