Whats going on in the World
- Thread starter cany
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longcast
Well-Known Angler
Rick67
Well-Known Angler
Wholesale bait tax cheats watch out!
Biden plan would give IRS more power to track $600 bank accounts: What you need to know
Biden plan would give IRS more power to track $600 bank accounts: What you need to know
That’s NUTS!! Talk about a huge data dump with virtually no benefit. For big time operators, even the current $10K transactions are worthless. What are the after Mary Lou’s summer Lemonade Stand???
Rick67
Well-Known Angler
It’s really a Chi-Com popcorn maker but you didn’t here that from me ?
"Ready For Fielding" - US AC-130 Gunship Receives Laser Cannon | ZeroHedge
"Ready For Fielding" - US AC-130 Gunship Receives Laser Cannon | ZeroHedge
That sounds like something you'd do if you hate banks - bury them in paperwork
www.wsj.com
www.dailymail.co.uk
Opinion | Comptroller of the Economy
Biden’s nominee to regulate banks really, really hates . . . banks.
www.wsj.com
How Soviet-born nominee Saule Omarova idolized Karl Marx at university
President Biden's pick for Comptroller of the Currency was an ardent Young Communist who 'owes money to her friend at Moscow State University after a Soviet-era dorm scam'.
longcast
Well-Known Angler
The key here is access to your transactions in an account. Nothing to do with the 10K reporting. That is limited to them knowing you made a 10K transaction, not the activity in the actual account.
So to give a real world scenario. A small business grosses $1M dollars. Ok. And during the year, they take out a $250K credit line.
Fast forward to tax filing. The corporate return would state $1M dollars of gross income. But if the authorities look at the bank transaction, they see DEPOSITS of $1.250M. See the issue? They have never had that much information. Right now, only what the tax return states.
The return says $1M of gross proceeds, but the DEPOSITS say $1.250M. A letter could be sent out for a closer look!
Audits go up. Whether justified or not!
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longcast
Well-Known Angler
Destroying the economy, piece by piece.That sounds like something you'd do if you hate banks - bury them in paperwork
Opinion | Comptroller of the Economy
Biden’s nominee to regulate banks really, really hates . . . banks.
How Soviet-born nominee Saule Omarova idolized Karl Marx at university
President Biden's pick for Comptroller of the Currency was an ardent Young Communist who 'owes money to her friend at Moscow State University after a Soviet-era dorm scam'.
wader
Well-Known Angler
Private Republican polling in Virginia suggests GOP ticket poised to sweep
Republican Glenn Youngkin led Democrat Terry McAuliffe in an internal Republican Governors Association poll conducted early this month, putting the GOP on the precipice of winning a major statewide race in Virginia for the first time in a dozen years.
Need a better platform, many Southwest planes sitting on the ground...
They’re also not eco friendly according to EcoNazis.
By living in isolated areas one burns more energy to commute, heat and cool. 1 acre zoning is also coming under fire.
longcast
Well-Known Angler
Never thought of it that way. Coming from all angles!
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