Biden, Dems Want To Monitor Americans’ Bank Accounts, Blasted As Violating 4th Amendment

GURPS

INGSOC
PREMO Member
“The proposal would require banks to report to gross inflows and outflows to the IRS, including transactions from Venmo, PayPal, crypto exchanges and the like in an effort to fight tax evasion,” the Daily Mail noted, adding, “The IRS would know how much money is in an individual’s bank account in a given year, whether the individual earned income on that account and exactly how much was going in an and out.”

Patrick Hedger, vice president of policy at the Taxpayers’ Protection Alliance, blasted the idea, saying, “The IRS is first and foremost, a law enforcement agency and the Fourth Amendment protects against unreasonable searches and seizures in pursuit of, of looking for wrongdoing and criminal actions, so I think this is going to run into severe Fourth Amendment headwinds.”

 

limblips

Well-Known Member
PREMO Member
All transactions of $10K or more have to be reported to the Fed. It has been that way since 1970. The government sold it as a way to fight money launderiing/illegal activities. I'll bet the jails are full of people who deposited $10,000.01!
 
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GURPS

INGSOC
PREMO Member
I'll bet the jails are full of people who deposited $10,000.01!

Nope ..... but the FED just takes the money when you get caught making deposits under 10k

like

8500
9000
8800
9200
7500


Etc ....

the YOU have to prove you are NOT a Criminal
 
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