https://www.pennlive.com/news/2021/10/b ... heats.html
This is completely unworkable and would cause complete chaos. Also, completely unreasonable.
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Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: https://www.mibuzzboard.com/phpBB3/view ... 16&t=48619
Banks to be Required to Track Accounts Greater than $600
Re: Banks to be Required to Track Accounts Greater than $600
Completely insane!!
They'd do better to eliminate much of the complicated tax code so that folks could actually understand it and so that companies wouldn't have to hire a boatload of attorneys and accountants to even figure out what they honestly owe (and how to legally get around paying what they really should be paying). Not only could they increase collected money, but they also could reduce the tax collection burden on the federal budget by a BIG RIF.
They'd do better to eliminate much of the complicated tax code so that folks could actually understand it and so that companies wouldn't have to hire a boatload of attorneys and accountants to even figure out what they honestly owe (and how to legally get around paying what they really should be paying). Not only could they increase collected money, but they also could reduce the tax collection burden on the federal budget by a BIG RIF.
Re: Banks to be Required to Track Accounts Greater than $600
Socialist Democrats love complete control of their subjects.
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
Re: Banks to be Required to Track Accounts Greater than $600
I'd escape their scrutiny. 
I started out with nothing and I still have most of it.
Re: Banks to be Required to Track Accounts Greater than $600
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: Banks to be Required to Track Accounts Greater than $600
Nope.
I started out with nothing and I still have most of it.
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originalzzmfmjock
- Posts: 184
- Joined: Tue Apr 18, 2006 9:37 pm
- Location: west michigan
Re: Banks to be Required to Track Accounts Greater than $600
Time to start hiding our savings under our mattresses again. Interest rate under the mattress is about the same as the banks pay today.
Re: Banks to be Required to Track Accounts Greater than $600
If this does happen, watch gold and silver sky rocket.originalzzmfmjock wrote: ↑Wed Oct 13, 2021 10:09 pmTime to start hiding our savings under our mattresses again. Interest rate under the mattress is about the same as the banks pay today.
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
Re: Banks to be Required to Track Accounts Greater than $600
From a report last night, it sounds like they already invoked a similar rule that applies to all the electronic payment systems (paypal, venmo, etc). Any transaction over $600 is to get reported.
Re: Banks to be Required to Track Accounts Greater than $600
Does this go for savings to checking account transfers also?