Admiral Rockwell Tory
Diamond Member
Oh, shut up! Two people working at that rate make plenty of money.Still not enough to afford a roof over your head….lol
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Oh, shut up! Two people working at that rate make plenty of money.Still not enough to afford a roof over your head….lol
/——/ Funny, it’s you Libtards who keep bringing them up.
/——-/ So? Are we supposed to sit by and watch you attack President Trump? You’d love to go unchallenged.And you'll be there at every opportunity to defend them. This is the hill you've chosen to die on. What an honor it must be for you
What part about bank transactions? Yes I missed it, if banks are mentioned in the new reporting law we are talking about.
Worth discussing!I will grant you this. The MSM is doing their best to keep this on the down low, but here is a link describing what they are pursuing. Many banks are no happy about this. Why on earth would any citizen be ok with it is my question.
Banks balk at IRS taxpayer reporting proposal
In a letter sent to congressional leaders Sept. 24, the American Bankers Association, of which the Delaware Bankers Association is a member, said even if minimum reporting requirements were raised to $100,000, it would still penalize low- to mid-income earners, and not the wealthy population that the plan purports to target.
“Consider a taxpayer who earns $18 an hour, has no other income, and pays rent and other living expenses – the sum of gross inflows and outflows after taxes would be around $60,000. Self-employed contractors who buy materials and install them for customers will commonly have gross inflows and outflows that far exceed the income they earn. These are simple examples of what likely would be significant amounts of information generated by this new regime and reported to the IRS regarding the accounts of average Americans,” the letter states. “In the end, whether it is average workers or self-employed citizens, virtually all Americans will be subject to this new reporting. The taxable portions of this activity are already generally captured by existing reporting, and it is unclear how these additional details will help the IRS target tax cheats in the top 1 percent of reporters.”
While my wife and I were working, I made about $36,000 and she made about $40000. I hade a 2000 square foot house on an acre of ground and had two relatively new cars. W were quite comfortable with that income.Really? How much do you make?
$60,000?I will grant you this. The MSM is doing their best to keep this on the down low, but here is a link describing what they are pursuing. Many banks are no happy about this. Why on earth would any citizen be ok with it is my question.
Banks balk at IRS taxpayer reporting proposal
In a letter sent to congressional leaders Sept. 24, the American Bankers Association, of which the Delaware Bankers Association is a member, said even if minimum reporting requirements were raised to $100,000, it would still penalize low- to mid-income earners, and not the wealthy population that the plan purports to target.
“Consider a taxpayer who earns $18 an hour, has no other income, and pays rent and other living expenses – the sum of gross inflows and outflows after taxes would be around $60,000. Self-employed contractors who buy materials and install them for customers will commonly have gross inflows and outflows that far exceed the income they earn. These are simple examples of what likely would be significant amounts of information generated by this new regime and reported to the IRS regarding the accounts of average Americans,” the letter states. “In the end, whether it is average workers or self-employed citizens, virtually all Americans will be subject to this new reporting. The taxable portions of this activity are already generally captured by existing reporting, and it is unclear how these additional details will help the IRS target tax cheats in the top 1 percent of reporters.”
Bet you couldn't do that now? And besides, I'm just sayin', a young couple, with a child, today, had better be making a household income of at least 60K to 70K a year, just to rent, and live day to day...To achieve what you and your wife were blessed with, I would say we are on the verge of that very same young family having to make 100K or more....While my wife and I were working, I made about $36,000 and she made about $40000. I hade a 2000 square foot house on an acre of ground and had two relatively new cars. W were quite comfortable with that income.
My daughter and her husband bought a house 3 years ago. She is an EMT and he is a firefighter.Bet you couldn't do that now? And besides, I'm just sayin', a young couple, with a child, today, had better be making a household income of at least 60K to 70K a year, just to rent, and live day to day...To achieve what you and your wife were blessed with, I would say we are on the verge of that very same young family having to make 100K or more....
/——-/ So? Are we supposed to sit by and watch you attack President Trump? You’d love to go unchallenged.
/----/ So if you weren't talking about Trump, then who specifically? And why does every Lib retort have to degrade to one of your sexual fantasies?Who's talking about Trump? I was talking about Bezos and you were all too eager to put your tongue up his ass and defend him. For god sakes, have some dignity.
No.I feel pretty safe in assuming that they make household gross of +70k no?
What part of 'no" did you not understand?