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Reply to "Biden Administration proposal of more bank reporting to IRS. "
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[quote=Anonymous]This is idiotic because law enforcement can’t follow the leads currently generated by banks. Everyone in banking agrees the reporting thresholds should be more tailored because they are burdensome and ineffective, because there is too much reporting, not too little. Let’s not get more data we can’t handle. As for this amount, I spend that on a pair of shoes and might actually start using cash just as push back to this absurdity. I’ve actually worked in banking so it’s disappointing to see this pandering move by the Biden administration. [/quote]
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