Is Montana OK With The IRS Looking Over Our Bank Transactions?
Sometimes I come across something and I just think "there is no way that can be true", so I do a little research and I find out that, well, maybe there is some truth to this, and then I pass it along to you.
So I heard a rumor that the current Administration would like to give access to our Bank Transactions to the IRS. More specifically, any transaction over 600 dollars.
First things first, why does anyone in the Government need access to our Banking records? Second, what are they hoping to accomplish with this, other than the obvious? The obvious being more and more people not trusting the Government. Third, is it even true? Or is this another fast-spreading rumor that has taken off on Social Media?
A quick Google search will show you that there are a number of media outlets reporting that it is, indeed true.
Now, I know what you might be thinking, "who are these media sources??" Listen, I get it. That's where we are as a country, we only believe the "media" if it represents "our team". Those on one side will only except blah, blah, and blah and those on the other side will only except blah, blah, blah, and blah.
According to The Wall Street Journal, the Commissioner of the IRS wants banks to report the cash flow of ordinary customers. Not only that, but the Treasury Secretary is endorsing the plan, and members of Congress are debating on if they should include it in that massive spending bill they are getting ready to put forth.
The reason? To make sure that those that are wealthy aren't dodging taxes, at least that's the reason they are giving. Here is the issue though, why do they want access to everyone's accounts if it's only the wealthy they are targeting?
Apparently, the IRS would want access to everyone's account that has at least 600 dollars in it, OR, has a transaction over 600 dollars. Once again, why? Why do they need this? I would say they don't. I certainly don't like the idea of them having access to my bank account. What happens if they're hacked? Is my information safe? Past experiences would say no, it isn't.
So what do you think? Do you think the folks of Montana will be ok with this? Is this something that you support? Do you feel safe with the Government having access to your banking records? I can't imagine anyone, no matter who "their team" is being ok with this, but who knows, I mean, I watch blah, blah, and blah for news.