Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 9
EverettRuess: And government overreach. Democrats willing to cave on finding tax cheats.


Actually, this sounds like a reasonable compromise. Or do you think a lot of people with a total annual deposit or withdrawal worth more $600 would uncover a lot of tax cheats and generate considerable Treasury revenue?

From your link:

Under the new plan, backed by the administration, banks would only be required to provide data on accounts with total annual deposits or withdrawals worth more than $10,000, rather than the $600 threshold that was initially proposed. The reporting requirement would not apply to payroll deposits for wage and salary earners or to beneficiaries of federal programs such as Social Security.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.