Wholesale bait tax cheats watch out!
[Biden plan would give IRS more power to track $600 bank accounts: What you need to know]('https://www.google.com/amp/s/amp.azcentral.com/amp/6052734001')
That’s NUTS!! Talk about a huge data dump with virtually no benefit. For big time operators, even the current $10K transactions are worthless. What are the after Mary Lou’s summer Lemonade Stand???
It’s really a Chi-Com popcorn maker but you didn’t here that from me ?
["Ready For Fielding" - US AC-130 Gunship Receives Laser Cannon | ZeroHedge]("https://www.zerohedge.com/technology/ready-fielding-us-ac-130-gunship-receives-laser-cannon?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+zerohedge/feed+(zero+hedge+-+on+a+long+enough+timeline,+the+survival+rate+for+everyone+drops+to+zero)")
That sounds like something you'd do if you hate banks - bury them in paperwork
[URL unfurl="true"]https://www.wsj.com/articles/comptroller-of-the-economy-saule-omarova-joe-biden-nominee-11632937029?st=tuayvfzgszqswfm&reflink=desktopwebshare_permalink[/URL]
[URL unfurl="true"]https://www.dailymail.co.uk/news/article-10065391/Bidens-new-comrade-Soviet-born-nominee-idolized-Karl-Marx-Moscow-State-University.html[/URL]
That’s NUTS!! Talk about a huge data dump with virtually no benefit. For big time operators, even the current $10K transactions are worthless. What are the after Mary Lou’s summer Lemonade Stand???
The key here is access to your transactions in an account. Nothing to do with the 10K reporting. That is limited to them knowing you made a 10K transaction, not the activity in the actual account.
So to give a real world scenario. A small business grosses $1M dollars. Ok. And during the year, they take out a $250K credit line.
Fast forward to tax filing. The corporate return would state $1M dollars of gross income. But if the authorities look at the bank transaction, they see DEPOSITS of $1.250M. See the issue? They have never had that much information. Right now, only what the tax return states.
The return says $1M of gross proceeds, but the DEPOSITS say $1.250M. A letter could be sent out for a closer look!
Audits go up. Whether justified or not!
That sounds like something you'd do if you hate banks - bury them in paperwork
[URL unfurl="true"]https://www.wsj.com/articles/comptroller-of-the-economy-saule-omarova-joe-biden-nominee-11632937029?st=tuayvfzgszqswfm&reflink=desktopwebshare_permalink[/URL]
[URL unfurl="true"]https://www.dailymail.co.uk/news/article-10065391/Bidens-new-comrade-Soviet-born-nominee-idolized-Karl-Marx-Moscow-State-University.html[/URL]
Destroying the economy, piece by piece.
[URL unfurl="true"]https://www.yahoo.com/news/private-republican-polling-virginia-suggests-204700640.html[/URL]
Houses are racist now.
They’re also not eco friendly according to EcoNazis.
By living in isolated areas one burns more energy to commute, heat and cool. 1 acre zoning is also coming under fire.
[URL unfurl="true"]https://www.yahoo.com/news/dems-advantage-virginia-slipping-away-090640302.html[/URL]
[URL unfurl="true"]https://www.yahoo.com/news/dems-advantage-virginia-slipping-away-090640302.html[/URL]
His freefall began when he said in his debate “I’m not going to let parents come into schools and actually take books out and make their own decision,” McAuliffe said. “I don’t think parents should be telling schools what they should teach.”.
Nice work. (y)
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