Birdwatch Note Rating
2021-10-13 22:52:52 UTC - HELPFUL
Rated by Participant: 27DDEEC9C008C30D14B130B5AD40BD1D1AD2AB9D93B9D04688C5324FF986BF80
Participant Details
Original Note:
The new rule proposed does allow the IRS to watch every single transaction in every bank account for $600 or more. The administration plans in hiring thousands of new IRS agents to police it https://news.yahoo.com/irs-track-bank-transactions-over-140000522.html https://www.forbes.com/sites/irswatch/2021/04/28/banks-will-be-required-to-report-account-balances-account-outflows-and-inflows-to-irs-under-new-biden-plan/?sh=78c27ca12bfc https://www.politico.com/news/2021/05/20/irs-funding-boost-489830
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