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S/V Loner

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35. Maybe brought to us by the same people that...

Reply to WarGamer (Original post)

Tue Oct 12, 2021, 04:03 PM

Oct 2021

gave us the "Defund the Police" slogan.

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Everyone should pay their taxes, even low income earners. Having said that, want to lose 300 Seats? [View all] WarGamer Oct 2021 OP

What story are you referencing? Haven't heard about it. lagomorph777 Oct 2021 #1

Here WarGamer Oct 2021 #3

Okay, this helps a great deal. Not to be "DU hall monitor", but I try to put my bullwinkle428 Oct 2021 #11

The first and second paragraphs seem to contradict each other. subterranean Oct 2021 #12

It's not a good idea gojoe12 Oct 2021 #38

Are you suggesting that some businesses not have to report and pay taxes on their income? NT kelly1mm Oct 2021 #47

Yes nt gojoe12 Oct 2021 #49

ok then! Perhaps we should end all income taxes on businesses as they would then offer a 'cash kelly1mm Oct 2021 #51

I wouldn't know nt gojoe12 Oct 2021 #54

well is seems that your argument that some businesses should not have to report income kelly1mm Oct 2021 #55

They're talking about moving that number up to $10,000 Yo_Mama_Been_Loggin Oct 2021 #52

Good. Although banks already do that now, if I'm not mistaken. subterranean Oct 2021 #57

Only $10k in CASH either deposited in or taken out in a transaction is reported now MichMan Oct 2021 #60

What's new? They get the gold mine we get the shaft. Hassin Bin Sober Oct 2021 #59

Maybe they meant to say "$600K" ? lagomorph777 Oct 2021 #13

Nope, it's $600. Confirmed. WarGamer Oct 2021 #15

God damn it. That is fucking suicide. lagomorph777 Oct 2021 #18

They're doing it here in Europe, too, especially Germany DFW Oct 2021 #26

The 600 dollar requirement that banks are required to submit on every american jimfields33 Oct 2021 #6

Can you please at least cite a news source as a basis for a hair-on-fire OP? bullwinkle428 Oct 2021 #2

see above... note they're also cracking down on Cash Apps like Venmo. WarGamer Oct 2021 #4

I can assure you this is NOT "hair-on-fire," and it will kill us in the midterms if it happens. hlthe2b Oct 2021 #7

+1 Celerity Oct 2021 #30

Nothing is wrong. Act_of_Reparation Oct 2021 #45

I agree with you. Requiring banks to report on as little as $600 transactions is nuts... hlthe2b Oct 2021 #5

Thanks! WarGamer Oct 2021 #8

This scheme is so nuts, it almost sounds like some Republican strategist had it introduced DFW Oct 2021 #14

Exactly right. lagomorph777 Oct 2021 #20

Manchin or Sinema's fingerprints on it? durablend Oct 2021 #22

Doubtful DFW Oct 2021 #28

Just a question, re: the $600. rog Oct 2021 #37

That is equally egregious, if not worse, but here are the facts from politifact: hlthe2b Oct 2021 #39

So here's my confusion, re: the above ... rog Oct 2021 #46

re: hlthe2b Oct 2021 #53

It's not good optics. herding cats Oct 2021 #9

Yup... WarGamer Oct 2021 #10

We will lose in an epic fashion if this is implemented. herding cats Oct 2021 #29

This message was self-deleted by its author Chin music Oct 2021 #34

I completely agree. herding cats Oct 2021 #43

If it includes my paycheck, every two weeks they'll have something to examine as I am a slight bit madinmaryland Oct 2021 #50

I don't want banks reporting $600 transactions. Captain Stern Oct 2021 #16

check article on politifact MacKasey Oct 2021 #17

Correct. WarGamer Oct 2021 #21

This message was self-deleted by its author MacKasey Oct 2021 #19

Huh. WhiskeyGrinder Oct 2021 #23

Bizarre.. Patton French Oct 2021 #24

They are also trying catch the folks day trading crypto currency madville Oct 2021 #25

How freaking politically dumb is that !! HUAJIAO Oct 2021 #27

You have to be really serious about committing political suicide Elwood P Dowd Oct 2021 #31

I'll take 'Things that could be another coffin nail for Dems in 2022' for 500 Alex (600 is a no go) Celerity Oct 2021 #33

I doubt it. Banks already report interest and other info to the IRS. LiberalFighter Oct 2021 #42

They report interest over $10 and transactions over $10k herding cats Oct 2021 #44

And guess who IRS bureaucrats will target because it's easier? Sympthsical Oct 2021 #32

Maybe brought to us by the same people that... S/V Loner Oct 2021 #35

This message was self-deleted by its author Chin music Oct 2021 #36

You mean Janet Yellen's Treasury department? The Treasury Department made the proposal in May 2021. Autumn Oct 2021 #56

Billionaires use Venmo too fescuerescue Oct 2021 #40

The first $12,550 for a single person is exempt from taxes. LiberalFighter Oct 2021 #41

Exempt from Federal Income taxes but NOT from Self Employment taxes. The SE tax on $12,550 kelly1mm Oct 2021 #48

Self Employment taxes consists of Social Security and Medicare LiberalFighter Oct 2021 #58

So, yea, it's bad politics, but there are several transactions that are exempt from reporting... SKKY Oct 2021 #61