The IRS Wants To Monitor Your Bank Account: Watch Out!

Taxes

This segment of What’s Ahead spotlights a chilling proposal from the White House and congressional Democrats that would ultimately destroy all vestiges of your financial privacy.

If Congress approves, the IRS will track every bank account with more than $600 in activity a year. With straight faces, proponents claim this gross invasion of privacy is necessary to catch tax cheats, especially those nefarious billionaires. That rationale, of course, is preposterous, as the truly well-to-do have plenty of accountants and lawyers to protect their interests.

The real target is the middle to upper-middle class and small businesses who don’t have that kind of access and can therefore be more easily intimidated and shaken down.

And make no mistake, the IRS wants to get its hands on every financial account you have, whether it be credit cards, debit cards, PayPal or anything else.

This ghastly initiative must not become law.

Articles You May Like

SEC finalizes rule that allows it to delist foreign stocks for failure to meet audit requirements
Control of Senate may depend on fate of paid family leave legislation
Fauci says U.S. should prepare to do anything and everything to fight the omicron variant
Thanksgiving box office tops $142 million as moviegoers return for ‘Encanto,’ ‘House of Gucci’
Stock futures dip ahead of November jobs report as omicron concerns loom; Didi announces plan to delist

Leave a Reply

Your email address will not be published. Required fields are marked *