Whats going on in the World

DHS , cancels border wall contract… they’re nuts, traitors running this country… the worse is yet to come… JoeB, didn’t even know about it… cellfish…
 
Let’s Go Brandon! ?????

Get one while they last!

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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???
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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That sounds like something you'd do if you hate banks - bury them in paperwork


Destroying the economy, piece by piece.
 
a certain political party (name withheld) wants us all to live in those rectangular extended family unit boxes like in China.

with solar panels and windmills on the roof of course.
 
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