On the recordOctober 26, 2021
$10,000 a year, an average of $200 a week. Under the Democrats' IRS surveillance plan, that is all you will need to spend before they require the IRS to collect personal information on your bank transactions. Let's put that in perspective. According to the USDA, an average family of four on a low budget paid roughly $196 per week for groceries in 2019. That is almost enough right there to require your bank to turn over your information. Now, with skyrocketing inflation and the costs getting higher and higher--and what if you pay rent, have credit card bills, a car payment, or need to buy gas that you can drive back and forth to work to support your family? That can easily exceed the threshold, and probably five times over. This proposal is not simply targeting the richest Americans or big corporations. It means the IRS would have the personal information of almost every American with a bank account. This is an invasion of your privacy and a serious cybersecurity risk. ____________________





