Not recent news, but haven't seen it discussed on here. As part of the Dems' plans to "curtail income tax avoidance", they want US Banks to share bank account balance and transaction information on every US account with more than $600 in it. Yes, $600. That's not a typo. So, to get info to help them force "billionaires to pay their fair share", they are going to grab data off of my kids' savings accounts...........
The nanny state the Dems are championing knows no bounds.
www.wsj.com
The nanny state the Dems are championing knows no bounds.
Opinion | The IRS Wants to Look at Your Bank Account
Its quest for missing revenue would threaten taxpayer privacy.
www.wsj.com
