Biden: we will not tax the middle class ~~~oh but you are, you sly devil

[Jmac00]

Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’: Bank Association Exec

www.theepochtimes.com

“These information reporting provisions will make use of information financial institutions already know to help shed light on taxpayers who evade their tax obligations,” Yellen wrote

so the IRS says "Its ok to AVOID TAXES, its ILLEGAL TO EVADE TAXES, But if the government is going to keep track of everyone's annual bank statements to "catch tax dodgers" which WILL INCREASE tax revenue by $200 billion to $250 billion dollars annually, IS THAT NOT tax on the middle class. What Yellin and the treasury dept are looking for is every single penny they can squeeze out of everyone EXCEPT the wealthy.

That $600 is ANNUALLY, even homeless people can make $600 a year just by collecting cans and bottles. this is obviously a tax on the middle class.

 

[Deplorable Me]

They'll be taxing garage sales in the near future.

 

[Jmac00]

They'll be taxing garage sales in the near future.

I think this is what the IRS is looking for, extra curricular income from a family just trying to get ahead, or get some disposable income. I guess the government doesn't like it when people try to get ahead

 

[Carlos Hathcock]

I'm all for it.......as long as we open up access to the politicians financials as well.

 

[livingston]

In the end they will be looking at every transaction one makes ...(if you protest at a PTA meeting...)

 

[tirwin1]

They will use the administrative state to force the peons to fund their spending fantasies. There will be no economic activity outside of government purview. Citizens belong to the state.

 

[libertysnake]

What's all this talk about bank accounts and digital money?

 

[carpediem]

There is nothing sly about Beijing Biden. The people actually running the country however......

 

[Saltwater60]

I know plenty that will be in trouble if this occurs. I’ll have to buy a larger safe if this goes through or I’ll have to buy everything I can in cash and just keep more money in the bank. Money in the bank is starting to scare me though.

 

[Apeman]

Treasury Secretary Janet Yellen has said that the reporting requirements would reveal “opaque income streams that disproportionately accrue to the top” and that the measure would help catch wealthy tax dodgers, according to a letter she wrote in September

Yeah cause the wealthy deal in $600 incriminates.

 

[Deplorable Me]

Shouldn't they be spending more time figuring out where taxes are wasted rather than collected? The more they collect the more they waste.

 

[spat]

Treasury Secretary Janet Yellen has said that the reporting requirements would reveal “opaque income streams that disproportionately accrue to the top” and that the measure would help catch wealthy tax dodgers, according to a letter she wrote in September

Yeah cause the wealthy deal in $600 incriminates.

The super rich could spend $600 every second of every day for the rest of their lives and they would die with more money than they started with.


Nobody gets that wealthy from "income". Income, money, and wealth are 3 distinctly different things.

The poor deal in money.

The middle class in income

The rich deal in wealth.