Biden's IRS plan.

San Francisco CA

Description

In the ongoing debate over tax hikes for the rich and multi-trillion dollar government spending on the social safety net, a much smaller dollar amount is catching a lot of attention. A Biden administration proposal calls for Internal Revenue Service monitoring of people’s accounts to kick in at the $600 mark. Specifically, the administration wants to require financial institutions tell the IRS about the aggregated “inflow” and “outflow” from bank, loan and investment accounts, according to Treasury Department documents. The rule would apply to personal and business accounts, but it would not involve handing transaction-level details over to the IRS. The reporting would be done on an annual basis and the threshold for reporting would be $600 — a level that could increase in the Capitol Hill give-and-take if the idea becomes law. How about the IRS do a audit on every member in congress. Lets start there first since they have nothing to hide. Lets investigate all the multi millionaires in congress, offshore accounts included. This would be for both parties Republicans and Democrats. They are all thieves in the night. Its no coincidence that they want to generate more cash to help pay for their 3.5 trillion green deal plan. Do you really think they will close the loop holes in the tax code? Only the rich will be paying for the 3.5 trillion plan and it will cost you zero dollars. Ha ha ha ha ha how stupid do they think we are? Only when we start protesting in the streets will they listen to us. If you protest by the thousands (non violent) and scream your chants, for media coverage will anything change.