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originally posted by: JinMI
An insurrection? Hahaha, sure ok.
in·sur·rec·tion
/ˌinsəˈrekSH(ə)n/
noun
a violent uprising against an authority or government.
originally posted by: JinMI
Anyway, seeing as it has been whispered among the D side of things that this is in effect, Obamas third term, weponozing the IRS falls well within that line.
My surprised face.
originally posted by: KKLOCO
I’ve known for 20 years that this sh!t was coming. NEVER did I think it would be done in such a short span of time
originally posted by: KKLOCO
—— and so many people be aye OK with it! FFS
originally posted by: KKLOCO
Guess I had too much faith in the collective human intelligence on this planet.
originally posted by: Nyiah
And boy, talk about egg on the face for the him
originally posted by: alphabetaone
originally posted by: Nyiah
And boy, talk about egg on the face for the him
Is it really though? I mean, because i despise trump and his complete inability to govern, is that an automatic vote from me for biden?
Hint: in the end, i didn't vote for biden or trump.
This is the part that absolutely gets me. I dont understand the erosion of rights being so readily accepted?
Source: Time Magazine - Biden Wants Banks to Give More Information to the IRS. Here's Why That's a Good Idea
Regular wage-earners—those who receive a W-2 from their employer every year—pay at least 95% of the taxes they owe because the employee and the IRS both know how much the person earned. Similarly, retired individuals who receive social security or interest on their savings receive a 1099 report showing how much they received. On the other hand, a large and growing group of taxpayers don’t receive any of these reports. These are primarily wealthy people who receive their income through business partnerships or other entities on which there is little or no reporting to the IRS. According to IRS studies, these taxpayers only pay on average 50% of the taxes they owe.
Will more audits solve this grave disparity in reporting of income? No. The IRS needs information to know which returns to audit. That information will allow the IRS to focus resources on those taxpayers who are most likely not paying what they owe and to avoid unnecessary audits on everybody else. Good information is the key to auditing correctly.
...banks are already required to send a 1099 to their customers and the IRS on any account that earns just $10 of interest or more. In fact, taxpayers and the IRS already receive 3.5 billion information reports every year. Adding two numbers—total deposits and withdrawals— to one report is a modest change that will benefit everyone who is paying the taxes they owe. The improved information means that the IRS will be less likely to audit honest taxpayers and more likely to audit those who are not paying what they owe.
Half of Americans approve of President Biden's performance as president, according to a new CNN poll that was quickly shared by White House staff after a string of tough polling numbers.
The CNN survey released Wednesday found the country is sharply divided over Biden's work thus far. Fifty percent of adults gave Biden positive marks, while 49 percent said they disapprove of his job performance.
link
The president's approval is down slightly from 52 percent in a September CNN poll.
originally posted by: JinMI
a reply to: alphabetaone
The courts have defined insurrection a little more aptly.
Given how the definition was changed to losen the term ill go with the courts here.
originally posted by: rnaa
Do you really think the IRS wants to chase 300million tax payers for 100 bucks each when they can chase a couple of hundred for several million each?
originally posted by: alphabetaone
originally posted by: rnaa
Do you really think the IRS wants to chase 300million tax payers for 100 bucks each when they can chase a couple of hundred for several million each?
In this political climate?
I would believe they do want to, yes.
ETA: And when you talked about interest bearing accounts, 1099's are only issued on accounts that actually accrue interest...what about tax deferred structures? There's little reason to report that, however, as i understand it unless im mistaken any INCOME (even if it falls to a tax deferred annuity for example or other tax deferred structure) would now be reported.