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Under Biden’s IRS Plan, Working-Class Americans 3 Times More Likely to Be Audited Than Rich Elites

Western Journal

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The Biden administration wants the IRS to monitor the bank accounts of everyday Americans.

Okay, maybe that check you gave your niece for her birthday so she could open a little savings account won’t be included, but most other accounts will be if a new proposal being considered by Congress is moved forward.

According to The Hill, the administration wants banking institutions to annually report to the IRS the total deposits and withdrawals from accounts that have a balance of over $600 or bring in over $600 annually.

That’s to catch rich tax cheats, they say. But we all know the richest members of American society, such as billionaires Bill Gates and Jeff Bezos, have their ways to avoid taxes, whether they utilize them or not: loopholes, accounting tricks and even lobbying for tax breaks, as journalist Saager Enjeti reported on his podcast, “Breaking Points.”

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So who gets caught in the snare of IRS audits? Those making less than $25,000 per year fall under this umbrella, since they tend to have irregular income, according to The Federalist.

“The proposal for the $600 payment, according to the Treasury Department, would let the IRS look at the inflow and the outflow and compare it to reported income,” Enjeti said during the Thursday broadcast of “Breaking Points.”

“They say it would be targeted at millionaires. Should you believe them?”

“You know who also happens to have income that isn’t reported and often doesn’t match what’s in their bank account? People who are poor and work in the service industry, or they’re not W-2 workers: handymen, bartenders, servers — some of the most vulnerable people in our economy,” he continued.

“Right now, the IRS is pushing this law. It is three times — yes, three times — more likely to audit a person making less than $25,000 a year than to audit the income flows of the richest 1 percent of Americans,” Enjeti said.



What’s behind the push for IRS-driven snooping? The Biden administration says it will help uncover an additional $463 billion tax monies over the next decade, according to Fox Business.

Of course, in this era of social media privacy concerns and proposed vaccine passports, is tightened bank reporting just one more step toward social credit scores?

And what about monitoring your transactions, as in, “What’s this donation to this candidate, and don’t you know your church is considered a hate group?”

Won’t happen, we’re told.

“The proposal involves no reporting of individual transactions of any individual,” Treasury Secretary Janet Yellen assured us in an interview with CBS News, according to Fox. “If somebody reports an income of $10,000 and they had $3 million go out of their checking account, that tells the IRS that’s an individual you might audit.”

Identifying individual transactions or not, presumably an IRS audit on a $25,000-per-year single mother working as a waitress will present an onerous burden.

Meanwhile, banks are going ballistic over the burden of the reporting. But House Speaker Nancy Pelosi has blown it off as anecdotal.

“The plural of anecdote is not data,” she told reporters in a clip Enjeti highlighted in his podcast. “Yes, there are concerns that some people have, but if people are breaking the law and not paying their taxes, one way to track them is through the banking measure. I think $600 — that’s a negotiation that will go on as to what the amount is.”

Does this proposal raise privacy concerns?

It’s more than banks that are objecting. A coalition of associations of heavy industry, insurance, construction, hotels, RV dealers and more joined banking associations in penning a strongly worded letter to Pelosi and House Minority Leader Kevin McCarthy.

“This proposal would create significant operational and reputational challenges for financial institutions, increase tax preparation costs for individuals and small businesses, and create serious financial privacy concerns,” the letter read.

“While the stated goal of this vast data collection is to uncover tax dodging by the wealthy, this proposal is not remotely targeted to that purpose or that population. In addition to the significant privacy concerns, it would create tremendous liability for all affected parties by requiring the collection of financial information for nearly every American without proper explanation of how the IRS will store, protect, and use this enormous trove of personal financial information,” the letter continued.

“Privacy concerns are cited as one of the top reasons why individuals choose not to open financial accounts and participate in the financial system.”

Objections apparently are getting through, as House Ways and Means Committee Chairman Richard Neal said the $600 transaction amount will likely be raised, according to Fox Business.

The outlet reported the amount could be raised to as high as $10,000, citing Bloomberg. That’s the current amount banks report to the Financial Crimes Enforcement Network to track possible money laundering.

But the Biden administration is pushing back. “Imagine a taxpayer who reports $10,000 of income; but has $1 million of flows in and out of their bank account,” an administration memo sent to Democrats in Congress read. “Having this summary information will help flag for the IRS when high-income people under-report their income (and under-pay their tax obligations).”

A million dollars in transactions on a $10,000 income? Yeah, the IRS probably ought to check that. And they probably are already.

But if the Biden administration wants to keep tabs on a ridiculously low amount like $600, it will likely bring about unintended consequences like increased under-the-table cash transactions, barter and the establishment of underground banks.

And those will probably lose a lot of tax revenue.

This article appeared originally on The Western Journal.

Wire

State Trooper Came Mere Inches from Losing His Life, Dashcam Caught the Whole Thing

Western Journal

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Every cop knows that death rides with him on every patrol, emerging out of nowhere when a shift may seem routine.

For one Idaho state trooper, that moment almost came on Wednesday along Interstate 84 near the town of Meridian, according to the Idaho Stateman.

Dashcam video of the incident shows that in less time than it takes to read this sentence, the trooper and a motorist he was helping on the shoulder of the highway had to jump over a concrete median as a pickup truck came barreling toward them.

According to an Idaho State Police news release, the trooper had been helping a motorist with a flat tire.

The officer was wearing a yellow safety vest. His patrol car had its emergency lights on and was parked behind the Toyota with the flat tire.

What the dashcam video does not show was described in the release.

“One vehicle began to slow prior to passing the patrol car. That vehicle was hit by another, causing a chain reaction of four eastbound vehicles,” the release said.

But that was not all.

“Two involved pickups were pushed left, sideswiping the parked patrol car and hitting the rear of the Toyota.”

The trooper was taken to a hospital with injuries sustained when he vaulted the concrete barrier, but was sent home with what the release called “minor injuries.”

The owner of the wrecked Toyota was also injured leaping out of the truck’s way, but was not taken to a hospital.

The wreckage from the chain reaction crash blocked the highway for about 90 minutes.

“Traffic stops are very high risk. They’re necessary to keep people safe on the road and to help those stranded, but we need motorists’ help so we can all go home at night,” Idaho State Police Sgt. Brandalyn Crapo said.

“Slowing down and moving over for emergency vehicles and workers isn’t just a courtesy, it’s the law. Drivers need to be alert to emergency lights and vehicles and always alert to what’s happening around them. That keeps all of us safe.”

Idaho law requires drivers to slow down, change lanes or both when passing police and other emergency vehicles that are stopped on the roadway.

This article appeared originally on The Western Journal.

Every cop knows that death rides with him on every patrol, emerging out of nowhere when a shift may seem routine. For one Idaho state trooper, that moment almost came on Wednesday along Interstate 84 near the town of Meridian, according to the Idaho Stateman. Dashcam video of the incident shows that in less time than it takes to read this sentence, the trooper and a motorist he was helping on the shoulder of the highway had to jump over a concrete median as a pickup truck came barreling toward them. Idaho State Trooper injured while helping man on the freeway. Notice how quickly the trooper jumped in front of the man. pic.twitter.com/2TuCTIYGdE — Yoshi The Patriot (@rinohuntah) December 3, 2021 According to an Idaho State Police news release, the trooper had been helping a motorist with a flat tire. The officer was wearing a yellow safety vest. His patrol car had its emergency lights on and was parked behind the Toyota with the flat tire. What the dashcam video does not show was described in the release. “One vehicle began to slow prior to passing the patrol car. That vehicle was hit by another, causing a chain reaction of four eastbound vehicles,” the release said. But that was not all. “Two involved pickups were pushed left, sideswiping the parked patrol car and hitting the rear of the Toyota.” The trooper was taken to a hospital with injuries sustained when he vaulted the concrete barrier, but was sent home with what the release called “minor injuries.” The owner of the wrecked Toyota was also injured leaping out of the truck’s way, but was not taken to a hospital. The wreckage from the chain reaction crash blocked the highway for about 90 minutes. “Traffic stops are very high risk. They’re necessary…

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Store Apologizes After Employee Sign with Instructions on How to Deal with Africans Goes Public

Western Journal

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An Australian store has been forced to apologize for a sign that warned staff to sound an alert if an African customer entered the store.

An IGA store in Melbourne was pilloried on social media because of a sign behind the counter that read, “If an African customer comes to the bottle shop, presses [sic] the button for assistant immediately! Minimum two staffs in front while we serve Africans,” the sign read, according to Australia’s News.com.au.

In its reporting on the sign, the Australian Broadcasting Corp. said the sign had been in place for three years before it was noticed by anyone and became a social media furor.

“Sure they’re independently owned but the African community should be allowed to feel safe and comfortable at their local supermarket,” a TikTok comment read.

The ABC report quoted the store manager, who it did not name, as offering apologies for any offense.

“We don’t really mean for this, we apologize for what we’ve done. I’m sorry it will never happen again like that,” he said. “I’ve done the wrong thing for the public, we should not do like this.”

The manager said he should have told employees to hit the button if they saw a group of strangers in the store.

“It is my mistake. Big mistake,” he said.

A poster using the name Jack he on Twitter said he was the store manager and offered an explanation.

“Im store manager iGA sunshine west, we got robbed by 5 African men, one of the staff had a gun put to our head, we were scared, Im sorry for that i done,i told the ABC news all the reason behind this, But i don’t see any main point been reported, this is unfair, unfair news,” he tweeted.

ABC reported that a spokesperson for wholesaler Metcash, which operates the IGAs, said the company had the offending sign removed.

“This type of behavior is unacceptable and will not be tolerated in any IGA store across the country,” a spokesman said.

“As part of our ongoing commitment to supporting local communities across Australia, we will ensure ALL IGA employees continue to create a shopping environment where all are welcome and equal,” the spokesman said.

The store now has a new note.

“We would like to apologies [sic] to anyone that got offended by the note we had … it was not our intention to offend,” the note says.

This article appeared originally on The Western Journal.

An Australian store has been forced to apologize for a sign that warned staff to sound an alert if an African customer entered the store. An IGA store in Melbourne was pilloried on social media because of a sign behind the counter that read, “If an African customer comes to the bottle shop, presses [sic] the button for assistant immediately! Minimum two staffs in front while we serve Africans,” the sign read, according to Australia’s News.com.au. In its reporting on the sign, the Australian Broadcasting Corp. said the sign had been in place for three years before it was noticed by anyone and became a social media furor. “Sure they’re independently owned but the African community should be allowed to feel safe and comfortable at their local supermarket,” a TikTok comment read. ‘Completely unacceptable’: IGA supermarket under fire for sign racially profiling African customers https://t.co/83nMJg7SgU — Natalie Spencer (@natscloset) December 2, 2021 The ABC report quoted the store manager, who it did not name, as offering apologies for any offense. “We don’t really mean for this, we apologize for what we’ve done. I’m sorry it will never happen again like that,” he said. “I’ve done the wrong thing for the public, we should not do like this.” The manager said he should have told employees to hit the button if they saw a group of strangers in the store. “It is my mistake. Big mistake,” he said. A poster using the name Jack he on Twitter said he was the store manager and offered an explanation. “Im store manager iGA sunshine west, we got robbed by 5 African men, one of the staff had a gun put to our head, we were scared, Im sorry for that i done,i told the ABC news all the reason behind this, But i don’t see any…

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