Democrats increase the IRS 'snooping' account threshold from $600 to $10,000

Democrats increase the IRS 'snooping' account threshold from $600 to $10,000 - but the GOP says it's not enough and claim Xi Jinping 'would be proud of' Biden's plan to find out the 'intimate details' of every Americans' finances

  • Under the revised policy, accounts with $10,000 or more in total deposits and withdrawals, excluding wage income, would be subject to greater scrutiny 
  • Banks would have to send over their aggregate inflow and outflow to the IRS to help the agency target its audits
  • The narrowing in scope came after Republicans and banks put up fierce outcries over what they view to be an invasion of privacy
  • Many are not satisfied with the revision  
StreetLoc is one of America’s fastest-growing Social Media companies. We do not employ woke kids in California to “police” your thoughts and put you in “jail”.
StreetLoc is designed for Family, Friends, Events, Groups, Businesses and People. JOIN TODAY

Comments (0)
Login or Join to comment.