Wow! Chris Brown is not happy with Joe Biden… Wishes Trump won

[Huda2daf]

Always hilarious watching mfers who have probably never actually paid federal taxes complain about IRS enforcement.

Thrres this trump nikka on my fb saying taxes are voluntary so this is an invasion of privacy

 

[feelosofer]

People on the coli worried that Biden is personally taking a look at the $43 in their pre-paid Russell Simmons Account.

 

[kevm3]

I wonder if some of you guys are getting paid by the DNC or are military astroturfers

Why should all transactions over $600 be reported to the IRS and tell me how that affects only the rich.

 

[kevm3]

Proposed U.S. rule would force reporting of all accounts of $600 or more - Town Square Delaware LIVE

Proposed U.S. rule would force reporting of all accounts of $600 or more

BETSY PRICE SEPTEMBER 8, 2021 BUSINESS, HEADLINES


A PROPOSED RULE REQUIRING DETAILS OF MOST FINANCIAL ACCOUNTS IS DESIGNED TO FIND TAXES TO HELP PAY FOR THE $3.5 TRILLION FEDERAL RECONCILIATION BILL. PHOTO BY NATHAN DUNLAO/UNSPLASH



A federal proposal that would require banks, credit unions and apps like Venmo and Paypal to report any account with more than $600 in transactions in a year to the IRS is drawing fire from financial institutions.

The proposal, originally part of the $1 trillion federal infrastructure bill, is designed to find money to help pay for the $3.5 trillion federal budget reconciliation, credit union officials say.

Doug Troskey, CEO of Community Powered Federal Credit Union in Bear, said that if the rule is implemented, it will mean the vast majority of accounts at his credit union must be reported. Only a small portion have less than $600 a year in transactions, he said.

Chaz Rzewnicki, president of the Dover Federal Credit Union, called the plan “absolute madness and a gross overreach.”

“My personal opinion is it really kind of violates the consumer’s personal privacy,” Rzewnicki said. “That’s not your business, how much money I have going into my account and out of my account.”

Both said that if the plan is approved and put into place during budget reconciliations now going on in Washington, D.C., it will mean credit unions are likely to have to pay tens of thousands for new processing software that does not now exist, as well as people to monitor it.

That means less money left in the local community to provides loans or pay customers, the CEOs said.

They also worry about the federal government’s ability to keep the information private.

Spokespeople for WSFS Bank, PNC Bank and Bank of America all declined this week to comment on the topic. But nationally, banks and credit unions are fighting the proposed rule.

It is designed to close the tax gap, said Brad Thaler, vice president of legislative affairs for the National Association of Credit Unions in Washington, D.C.

“The tax gap is, you know, in essence, money that’s out there that’s being unreported or underreported,” he said.

That can include money made from illegal means, as well as cash not reported by those who don’t list all their tips, people doing gig work for cash, side jobs paid in cash, people who sell crafts or products from home and other means generally considered part of the underground economy.

The financial reports would allow the IRS to compare how much cash came through a person’s accounts to how much was reported each year on income tax forms, Thaler said.

The current proposal does not include any enforcement measures, but it would allow the IRS to see if someone has $40,000 going through their accounts in a year but only reported $30,000 of income.

“The concept behind this is to gather more information with the idea that if the public or consumers or individuals knew the government was gathering information, they’re more likely to report it andpay taxes,” Thaler said.

Thaler said the Biden administration estimates that move could help the country net $200 billion to $350 billion a year in extra income taxes.

“What we’ve heard from people who have concerns about this is that’s very uncertain,” he said.

U.S. Sen. Mike Crapo, R-Idaho, the ranking member of the Senate Finance Committee, filed an amendment that would have thrown out the proposed rule when the infrastructure deal was under discussion. Republicans voted for it. Democrats did not, and it failed.

Because the rule now says financial institutions must make reports, those businesses affected will include more than traditional financial institutions such as banks and credit unions. It also will include popular smartphone apps such as Venmo and Paypal, and possibly even Bitcoin, Thaler said.

They are financial institutions, but do not face the same kind of regulations and requirements, including currency, foreign transaction and suspicious activity reports sent to the federal government, he said.

Having to organize more information, which credit unions don’t now track, puts an unfair regulatory burden on credit unions and small community banks, which have a smaller margin and fewer resources than larger or multistate banks, the credit union officers say.

Rzewnicki said new software will have to be able to talk to about 100 different data processing programs to work, which means huge development resources.

 

[KingofthePenguins]

Are you illiterate? I said fukk Trump supporters and don’t vote advocates. Does one of those apply to you?

So, you are saying fukk everyone who is not a Biden supporter then

 

[Ducktales]

So, you are saying fukk everyone who is not a Biden supporter then

If you personally did not vote I could care less. Do you need to google the definition of advocating? Personally not voting is a choice you make as a individual (whatever), but telling other black people not too is bullshyt. I literally made a whole post defending people who don't always agree with the president and saying just because you don’t like Biden doesn’t mean you are a Trump supporter. I voted for Biden and am saying this. I actually defended chris brown. Pick up a book bro. . Good day

 

[satam55]

My nikka CB!

 

[Everythingg]

There's no reason in the world I'm paying more in taxes % wise than the rich. They have so many weasle ways to hide bread it's past pathetic.

And that’s more important to you than your govt giving multiple countries billions of dollars in aid yearly?

I don’t get it

 

[Damba]

C00nish attempt to stay prominent.

 

[Everythingg]

So the problem with capitalism according to you is that people do things for profit?


That’s why I always bring the definition out on you brehs because most of y’all can’t substantiate your problem with it

 

[Imyremeshaw]

Biden got voted in because the establishment wanted him to be president. Dude had issues with interaction with females (metoo), supported busing (segregation), and still everyone fell for the same ole gaff.

Lesser of two evils is something we as Americans' should not be okay with but we are full on conformed to that BS. The two party systems makes it much easier to control the narrative from beginning to end. The legacy media plays the part of spewing propaganda to keep you distracted from the details and the ugly underbelly of it all.

be smart yall - they got a grip

So true they won't see, Americans won't get it, chickens coming home to roost( im American as well, we deserve all we get!!)

Yo I voted for Biden and I’m at peace with that. But just because somebody doesn’t agree with the American political systems actions or woth the president , does not mean the person wanted Trump to win. It’s extremely dismissive. You should be very critical of your government and it’s elected officials.just because you vote for somebody doesn’t mean you have to live and agree with everything they say. There are a lot of Trump supporters on the site and fukk them and the dont vote people. But Y’all have to be a little more mature than that. I voted for Obama amd there were many things I did not like. Didn’t mean I wanted McCain to win.
As a veteran I think the Afghanistan evacuation could have went smoother tactically… doesn’t mean I hate that we pulled out of Afghanistan

Totally agree, while I don't think Afghanistan could of went better, it is what it is...

Just need a flat tax rate with no write offs.

Anything from 2$ per hour to 200 billion per year. Flat federal rate of 25%. And no more states getting away with no income tax. Time to pay up

Flat Tax Rate is definitely needed but unless state and municipal gov comply this will be an issue moving forward ...

This is trumps vaccine, he think trump wouldn’t have implemented the same mandate under the same circumstances?

This my problem with the disingenuous posters for Democrats, instead of focusing on what Trump would of did, focus on bringing up what Biden is actually doing?

but Bidens dikk is too far up their ass objectively think forward....

 

[JackRoss]

He also beat the dog shyt out of a woman, and throws up sets at his old age, started AFTER getting rich and famous. Safe to say, whatever Chris Brown thinks, it’s usually safe to think the opposite

He did his time. Let it go.

 

[shopthatwrecks]

See why the south put up a fight .. damn union was pocket watchin

 

[Rekkapryde]

And that’s more important to you than your govt giving multiple countries billions of dollars in aid yearly?

I don’t get it

nikka that too!!!!

Aint one or the other

 

[Detroit Wave]

It forces rich people to pay taxes, if you’re not rich don’t worry about it

If you ain’t a terrorist don’t worry about the Patriot Act either huh?