Bank deposits >$600

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that crowd so cucked by Sallie Mae the only way to stay current with them is with a side hustle

good I hope that gets destroyed for you losers
 

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The way i see that would be that on your tax return, you would have to show $1,100 of income but would also be able to expense the $1,100 for cost of goods sold

I cant wait to tell the IRS that I am the treasure of a few football pools. That should be fun!!

you think this is a good use of resources ? dicking around explaining the breakdown from your fag football pool ?
 

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Handicapper
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How can this be true, no one could profit EVER from sports betting.

Fine you can go into a casino, bet smaller limits without players card but now you can't deposit it into the bank without red flags.

It use to be deposits under $10,000 fine as long as not structured deposits.

If this is indeed true, they will need to build new prisons for most of us.
 

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I thought it was modified to $10,000 and more in total deposits and transfers in a year
 

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Biden wants to require banks to report deposits greater than 600.
If true, then any of us working (probably 20% of RX'ers) right now will get all of our paychecks reported. Anybody working a full time job will get every paycheck reported.

Everyone in the US will get every paycheck reported. There's more to this story. I'm thinking there's some details you are missing.
 

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I'd like to see Willie comment - $600 and you get a 1099 is the equivalent of the IRS asking why you have a $20 bill in ur pocket - this seems almost impossible to enforce - are there even bank deposits for less than $600
 

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There just literally has to be more to this - there is no way Chase can take the time to send everyone of it's customers a 1099 for every deposit over $600 - it's just not possible
Yup. That's what I'm saying.
 

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If true, then any of us working (probably 20% of RX'ers) right now will get all of our paychecks reported. Anybody working a full time job will get every paycheck reported.

Everyone in the US will get every paycheck reported. There's more to this story. I'm thinking there's some details you are missing.
Non payroll transactions. Banks are throwing a fit obviously. Can’t say I’m an expert but that’s what ive read. A cash checking place said i can cash with 2% fee. Sounds much better than paying Uncle Sam. He takes enough already
 

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How can this be true, no one could profit EVER from sports betting.

Fine you can go into a casino, bet smaller limits without players card but now you can't deposit it into the bank without red flags.

It use to be deposits under $10,000 fine as long as not structured deposits.

If this is indeed true, they will need to build new prisons for most of us.
Exactly. I’m lucky to be up after an ugly first half of the season. Now I’m gonna hand back 30%. Fuck that!! I’ve read $10k as well but the dates on those articles are all 2021. Very hard to know wtf is up for this year but I’m not taking any chances.
 

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Do you know how many $600 deposits there are? They are ran so bass ass backwards you really think they can track this?
 

Conservatives, Patriots & Huskies return to glory
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It's not law yet with respect to banking activities. Biden and the democrats want to make it law

It is law beginning in 2022 with respect to electronic payment options. The threshold for such used to be 20k. So the new law really only impacts businesses that receive > $ 600 but < 20k in such payments
 

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Non payroll transactions. Banks are throwing a fit obviously. Can’t say I’m an expert but that’s what ive read. A cash checking place said i can cash with 2% fee. Sounds much better than paying Uncle Sam. He takes enough already
It’s obviously a big overreach by big government. Selling it as something really different than it is.

Nightmare for accountants for sure. But ways to circumvent the system if someone wants to. Like most things. Just a headache and chore.
 

my clock is stuck on 420 time to hit this bong
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The scariest part of this pandemic is the new nationalist . Young Americans
who think it’s there patriotic duty to turn in people who are against the movement , might this sound harsh but similar to a Jew catcher in nazi Germany , Fear is a dangerous thing . These really are crazy times. 80k new irs agents dont believe it’s been approved yet but what Young indoctrinated kid is going to turn down a job with zero accountability full benefits and pension In this environment and complain about it.
 
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Do you know how many $600 deposits there are? They are ran so bass ass backwards you really think they can track this?
THey intend to hire 87,000 agents to track this shit. 87,000 vote harvesters, window coveruppers, illegal vote printers. Now you get the picture.
 

Rx Normal
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There is "more to this" :rolleyes:

They are priming the entire financial system for their globalized digital bank currency. All these transactions are the beginning of a massive database the government will use for that transition. So like it or not, your financial records will now be part of this massive govt overreach.

As always, some ignoramus will say this is all crazy talk and the public won't go for it. Whatever. Anyone paying attention the last couple years? Yesterday's conspiracy is tomorrow's reality. Stop thinking these individual events don't make sense - they perfect sense! Once everything is ready, they will engineer a 'crisis' (cyber attack, another financial collapse etc.) to justify it, and the usual vaccinated, mask-wearing sheep will believe them.

I guess if all you read is the NYTs and Washington Compost you wouldn't have the slightest clue what the globalists are planning. It's called the "Great Reset" and it's no conspiracy.

Hopefully by then enough Patriots have enough of their own financial infrastructure in place to give central bankers and their entire fiat system the finger, but you know once crypto becomes a threat they will ban that as well. Again, not a conspiracy - already happening in countries like Turkey, as their corrupt politicians desperately try and control hyper-inflation attempting to save their own pathetic Lira.

Crooked Hillary: Crypto can destabilize nations

Duh, ya think?

Crypto or Crooked Hillary: who's got your vote?
 

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