Posted on Oct 12, 2021
Biden plan would give IRS more power to track $600 bank accounts: What you need to know
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Joe Biden
Office of the President (POTUS)
IRS
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I have nothing to hide, but I honestly thought this was satire the first time I saw it come up, but that was a week ago, it's obviously real....
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PFC David Foster
PO2 (Join to see) - Maybe it will make people start reporting their earnings....We have to do something to make people pay their taxes so we can finally balance the budget... I'm not for this, but I'm not for so many people skipping out on their taxes either.... if everyone pays, the individual burden will be less.
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PFC David Foster We will be dead, gone and meeting St. Peter before the budget will get balanced.
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PFC David Foster
PO2 (Join to see) - Clinton did it with a very similar tax structure to what Biden is proposing..
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PO2 (Join to see) Years ago, the IRS started cracking down on Casinos issuing 1099s to winners. IRS demanded a 1099 be issued for amounts less that the statutory $10,000 or else. There is a huge underground economy that deals in cash and avoids taxes. A carpet cleaner recently gave me a quote, the price was only good if I paid in Cash!
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