The lie billionaires to account-media, Big-Tech Facts tester characterize fear of bidens tax proposal-tax

US citizens and financial institutions are concerned about the goals of the bidges government to make banks reporting the Internal Revenue Service (IRS) annually cumulative tributaries from a bank account of a customer of more than $ 600. Mainstream media report and Big Tech's swarm of factual examiners said that some legislators are incorrectly presented.

The 600 dollar tax proposal of the bid administration solves a heated debate and a so-called fact examination from

In May it was reported that bidens planned IRS to hire more staff and to concentrate on the exchange of cryptocurrencies. The accounts came from a report by the Ministry of Finance, and the officials of the ministry assumed that it could bring in $ 700 billion of tax reversals in the next decade. In the following ten years, the Ministry of Finance expects a net profit of $ 1.6 trillion, and the federal authority considers these estimates conservative. At the time of writing, the tax proposal was called " American families are planning agenda to comply with tax ".

So nobody thinks is strange that the IRS wants to pursue bank accounts and transactions of $ 600 or more to pursue the 1%? Seems to be strangely miscalculated. Therefore #bitcoin

- Jason Nelson (@dragonwolftech) 16. October 2021

There is a lot of confusion about this proposal, and if users post it on Facebook, the article is usually assigned a factual tester who says that the legislature is incorrectly presenting the rule. Twitters news says exactly the same as skeptics, to mix the definitions of the proposal to say that the IRS all transactions over 600 US dollar can see.

"Most of the money [generated by the tax enforcement plan]-$ 460 billion-would come from the second big piece." explained Journal. "This plan increases the government's ability to look into a current blind spot-business income where there is no independent review by the IRS, as is the case with wages where W-2 forms go to workers and the government. From 2023, banks and payment providers would have to report access and outflows from accounts every year."

So if I earn $ 600 from a flea market and check it onto the bench, will the IRS ask where they came from? Do I have to pay taxes for this? This is a dangerous slide. A massive intervention in privacy.

- Brooke Tramble (@Broke21181) 13. October 2021

Janet Yellen, the finance minister, was urge to agree to the IRS proposal. "There is a lot of tax fraud and fraud," says Yellen Explained to the CBS reporterin Norah o’donnell. In addition, Yellen found that the new requirement for financial institutions is "absolutely no" opportunity for the government to interfere in the financial matters of the average Americans.

Liberty activist asks: "Why can the IRS see any of my bank transactions without an option?"

yellen and bidges have repeatedly emphasized that the goal is to hold America's billionaire class. In the meantime there are a number of sounds and loud voices that explain that the proposal is intrusive.

"Whether it is 600 or $ 10,000, the IRS has no task to monitor your bank account," said Senator Michael Rulli tweeted on October 15th. "Actually, it doesn't matter whether it is $ 600 or $ 60,000-why is the IRS see each of my bank transactions without an arrest warrant?" Freedom activist naomi mathew called the day before. Another Twitter profile "Juliesbac" called out:

The co-moderator of the program "Breaking Points", Saagar Enjeti, that the "IRS with a 3x higher Probability of someone who deserves less than 25,000 than someone in the top 1%.

yellen should read the 4th amendment very slowly:
"The right of the people, in their people, houses, papers and possessions against inappropriate searches and confiscations, must not be violated, and no arrest warrants are issued, but for likely reason ..." https://t.co/vyb73tlqwl

- David Asman (@DavidasManfox) 9. October 2021

Nancy Pelosi says that a tax proposal of $ 600 should be included in the Reconciliation Act, the line "to account for billionaires" is considered a farce

In the meantime, Nancy Pelosi that the democratic legislators are planning to support bids tax proposal. The new concept of tax enforcement will be included in the Reconciliation Act, said Pelosi.

"Yes, there are concerns that some people have, but if people do not break the law and do not pay their taxes, you can pursue them through the banking measure," says Pelosi tells the media last week.

You cannot search my house without searching, but want to see all of my bank transactions over $ 600?

Dear IRS, they give people even more reasons to switch to crypto.

- Paul Puey (@Paullinator) 17. October 2021

A political columnist by The Hill, Joe Concha, tells his 113,000 twitter-follower "Make billionaires to account" Yellen and others say "will win" [The] lie of the year. " In the meantime there are many who have simply despised the government for the new proposal, since the financial rules are consistently broken by the elite.

"I can't stop thinking about how the IRS wants to know what I do with $ 600, while the pandora papers literally revealed the shadow economy and the tax evasion of billionaires," said an individual Last Wednesday.

Bedy verification : Shutterstock, Pixabay, Wiki Commons