Jan 2012 – Obama Can Search Your Bank Accts & Wallets
OBAMA TAXES HAVE GONE WAY UP THE WAZOOO!!!
PLUS they’re SNEAKING AROUND IN YOUR ACCOUNTS!
The new ObamaCare1099 rule for reporting of all cash, credit and check
business transactions of $600 or more is scheduled to begin January of 2012.
This is really an extension of the 2008 Housing and Recovery Act IRS Rules
that start this January when merchant banks and PayPal will report business
sales directly to the IRS (the reporting threshold is $20,000 and 200
transactions a year). So keep count of your payments. Head for 200, you
have them mail you a check! What’s nice is that gray area UNDER 20k. Just
the right size for a GUERILLA CAPITALIST TO SLINK THROUGH!
So although they say that these new IRS rules will affect every American..
(cough) that may not be YOU.
. Income tax collection could rise by as much as $345 billion a year
. Small businesses will be crushed and unemployment will rise
. A cashless economy is further set in motion
. IRS snooping and audits will increase
. Gold can be tracked
. Identity theft is a risk
. Government surveillance will increase