I still can't get over how people fail to realize that arbitrary thresholds for financial reporting (initially set in 1970 at $10k[0]) haven't been adjusted for inflation. To the point where in a not so distant future, settling up funds with friends at a large dinner could in certain cases be considered "structuring"[1]. You have access to all of my credit card records, basically everything I do online, figure it out.
The fed boys have more than enough info, but of course we should trust them with it to tax the rich... Full disclosure, we should definitely tax a-holes with billions in their Roth IRA.
I still can't get over how people fail to realize that arbitrary thresholds for financial reporting (initially set in 1970 at $10k[0]) haven't been adjusted for inflation. To the point where in a not so distant future, settling up funds with friends at a large dinner could in certain cases be considered "structuring"[1]. You have access to all of my credit card records, basically everything I do online, figure it out.
The fed boys have more than enough info, but of course we should trust them with it to tax the rich... Full disclosure, we should definitely tax a-holes with billions in their Roth IRA.
0 - https://www.fdic.gov/regulations/safety/manual/section8-1.pd...
1 - https://www.investopedia.com/terms/m/moneylaundering.asp