airflite1 Posted September 3, 2021 Share Posted September 3, 2021 As Congress debates the 2022 federal budget, language remains in place that would require banks and other financial institutions to report to the IRS all business and personal account deposits and withdrawals with a balance of more than $600. I know there are many here that would share my concerns about this overreach. I don't have any thing to hide, but I also don't want to spend my time defending something that someone thinks might be suspicious because they have access to my bank accounts. You might want to contact your representative on this one. Here is an amendment to remove the provision. https://amendments-rules.house.gov/amen ... 613866.pdf 3 Quote Link to comment Share on other sites More sharing options...
CFM Posted September 3, 2021 Share Posted September 3, 2021 (edited) That would suck. I do lots of favors for friends and family and neighbors way over $600. Free labor (sometimes there is bo labor other than bring their for delivery) they reimburse me for materials/parts/etc. I’m in a resort area, so most are out if state most of the time and hard to be present at times. Edited September 3, 2021 by CFM Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted September 3, 2021 Share Posted September 3, 2021 .....if you're not doing anything wrong, why should it matter? 1 Quote Link to comment Share on other sites More sharing options...
CFM Posted September 3, 2021 Share Posted September 3, 2021 Time waste if they contact you. Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted September 3, 2021 Share Posted September 3, 2021 Or to make sure you pay taxes on something you are not reporting..... CASH FTW. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 3, 2021 Platinum Contributing Member Share Posted September 3, 2021 2 minutes ago, Mag6240 said: Or to make sure you pay taxes on something you are not reporting..... CASH FTW. Why you think they want to get rid of cash? 1 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted September 3, 2021 Share Posted September 3, 2021 3 minutes ago, Mag6240 said: Or to make sure you pay taxes on something you are not reporting..... CASH FTW. they are going to do away with cash Quote Link to comment Share on other sites More sharing options...
Voodoo Posted September 3, 2021 Share Posted September 3, 2021 10 minutes ago, Anler said: they are going to do away with cash Not on my watch.... Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted September 3, 2021 Share Posted September 3, 2021 14 minutes ago, Anler said: they are going to do away with cash I rarely use cash. I'm fine with that. Quote Link to comment Share on other sites More sharing options...
airflite1 Posted September 3, 2021 Author Share Posted September 3, 2021 22 minutes ago, ActionfigureJoe said: .....if you're not doing anything wrong, why should it matter? Government overreach. Imagine the paperwork and time to defend every purchase over $600, and who would want the government having access to all your financial activities without your permission? 2 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted September 3, 2021 Share Posted September 3, 2021 2 minutes ago, airflite1 said: Government overreach. Imagine the paperwork and time to defend every purchase over $600, and who would want the government having access to all your financial activities without your permission? The Patriot Act is far worse. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted September 3, 2021 Gold Member Share Posted September 3, 2021 Governments going to be looking everywhere it can to produce more tax dollars it’s the only way they can justify paying for all this free money and free shit they want to give away. It’s as simple as that they are trying to track down untaxed money like that 500 you deposit from a side job you did. 2 Quote Link to comment Share on other sites More sharing options...
airflite1 Posted September 3, 2021 Author Share Posted September 3, 2021 16 minutes ago, ActionfigureJoe said: The Patriot Act is far worse. So that makes it acceptable to add other intrusive legislation? 1 Quote Link to comment Share on other sites More sharing options...
mnstang Posted September 3, 2021 Share Posted September 3, 2021 Krypto Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted September 3, 2021 Share Posted September 3, 2021 11 minutes ago, airflite1 said: So that makes it acceptable to add other intrusive legislation? Follows the trend. Quote Link to comment Share on other sites More sharing options...
airflite1 Posted September 3, 2021 Author Share Posted September 3, 2021 Just now, ActionfigureJoe said: Follows the trend. Which is unacceptable. 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 3, 2021 Share Posted September 3, 2021 Meh Quote Link to comment Share on other sites More sharing options...
CFM Posted September 3, 2021 Share Posted September 3, 2021 Guess Mainecat is all for more govt and less freedom. Too bad ! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 3, 2021 Share Posted September 3, 2021 18 minutes ago, CFM said: Guess Mainecat is all for more govt and less freedom. Too bad ! Who gives a fuck. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted September 3, 2021 Share Posted September 3, 2021 2 hours ago, Highmark said: Why you think they want to get rid of cash? Or put a microchip in you? "Alexa, please report me to the IRS", you don't believe the federal government gave all these tech titans the alien technology for nothing did you? 👽. But, tracking cash is also how they catch drug dealers, tax cheats and people milking the system. So maybe it's not all bad? There's plenty of ways to properly receive and use cash if you're smart, so if they're just catching criminals what's the issue? Quote Link to comment Share on other sites More sharing options...
CFM Posted September 3, 2021 Share Posted September 3, 2021 (edited) 6 minutes ago, Mainecat said: Who gives a fuck. About freedom ? Lololololololol Clown ! More govt = less freedom Edited September 3, 2021 by CFM 1 Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted September 3, 2021 Share Posted September 3, 2021 16 minutes ago, Crnr2Crnr said: Or put a microchip in you? "Alexa, please report me to the IRS", you don't believe the federal government gave all these tech titans the alien technology for nothing did you? 👽. But, tracking cash is also how they catch drug dealers, tax cheats and people milking the system. So maybe it's not all bad? There's plenty of ways to properly receive and use cash if you're smart, so if they're just catching criminals what's the issue? That's why they put that little strip inside bills, they know how much cash you have on yourself, at your home, business or how much you have with you when you leave the country and come back............. - - ............................... Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 3, 2021 Share Posted September 3, 2021 26 minutes ago, CFM said: About freedom ? Lololololololol Clown ! More govt = less freedom Whatever…..you can worry about the stupid shit. In fact you can head up the stupid shit committee. Quote Link to comment Share on other sites More sharing options...
CFM Posted September 3, 2021 Share Posted September 3, 2021 (edited) Okay jerkey boy. Edited September 3, 2021 by CFM Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted September 3, 2021 Share Posted September 3, 2021 1 hour ago, Mainecat said: Whatever…..you can worry about the stupid shit. In fact you can head up the stupid shit committee. The irony 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.