Yellen says the $600 IRS reporting requirement is "aimed at billionaires". This is insane, I fail to understand how a $600 limit holds billionaires accountable. But it squeezes middle class and crypto holders who have to report every transaction.

5 days ago 34

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ModModerator Achievement · 2h · Stickied comment

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· 2h · edited 2h

Platinum | 3 months aged | QC: CC 2003

Yellen past gave an example.

"If idiosyncratic reports an income of $10,000, and they had $3 cardinal spell retired of their checking account, that tells the IRS that’s an idiosyncratic that you mightiness audit."

Wait, what.

Why would you acceptable the reportable level astatine $600 and past usage $3 cardinal arsenic an example? I don't recognize however she's explaining this away.

level 2

Op · 2h

Ma Chuda Bear

exactly, if $3m spell retired of the checking relationship past person banks study that, and not $600. What the fuck

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· 57m

Platinum | QC: CC 226 | r/WSB 24

there is already a $10,000 regularisation successful spot that would drawback this.

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· 2h

Drinking a changeable each clip China bans Crypto. Status: Superdrunk

I deliberation she mightiness person huffy cattle disease. Or greasy palms from each those bribes she got.

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· 1h

Gold | QC: BTC 38, CC 82

I recognize perfectly, she deliberation the radical are idiots.

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· 1h

Premium Shitposter

If you're trying to people transactions of $3 cardinal past you marque that the reportable limit. All this tells america is that they are targeting the radical who marque $600 transactions.

They accidental they are targeting billionaires but their actions amusement america that they're lying.

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· 40m

Platinum | QC: CC 171

Makes nary sense, I’m inactive trying to fig retired “fair share”.

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· 8m

Gold | QC: LedgerWallet 60, CC 88 | r/Investing 62

What could $3 cardinal dollars cost, 10 dollars?

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· 1h

Bronze | 3 months aged | r/UnpopularOpinion 21

If you walk $600 astatine a time, for a full of $3 million.

I don't hold with this tactic, but that is what she is explaining

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· 15m

Redditor for 6 months.

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· 11m

Gold | QC: CC 121, BTC 34 | r/Politics 42

CLEARY she is simply a whiz astatine mathematics and knows thing we don't erstwhile it comes to basal summation and subtraction. If lone we were arsenic astute arsenic she is!

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· 6m

Redditor for 2 months.

I’m conscionable not feeling the “trust me” vibe from Treasury, SEC, oregon Dem Congress this year. No.

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· 6m

Gold | 6 months aged | QC: CC 110

level 1

· 2h

Platinum | QC: XRP 28, CC 174 | TraderSubs 12

It's conscionable different lie. The nonstop aforesaid mode the Patriot Act was "just to find terrorists". 6 months aboriginal constabulary are stopping anyone they privation without origin for a pat down successful Times Square. It'll beryllium for "our safety" oregon to "punish the evil affluent people", whichever enactment the plebs similar astir that week

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· 1h

Premium Shitposter

They ever accidental these things are for our safety, but I person the feeling they mean it's for their safety

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