Ammoland by Harold Hutchison 9/22/2021
Many Second Amendment supporters haven’t heard of the Biden Administration’s proposal to greatly widen IRS reporting requirements regarding bank accounts. In essence, if you have more than $600 in your account, or you make more than $600 in transactions in a year, the bank has to report the transactions to the IRS. That’s just about everybody.
This is one of the most dangerous below-the-radar threats to the Second Amendment we’ve seen. For starters, this adds a massive reporting requirement for banks and financial institutions. Just what sort of Second Amendment-related financial activities will get reported? Here’s a short list:
• Ammunition purchases.
• Donations to pro-Second Amendment groups
• Firearms purchases
• Purchases of firearms accessories
Congratulations, the IRS can start drawing up a list of gun owners, all thanks to the transaction data they force banks to hand over. What could possibly go wrong?
Remember Lois Lerner?
More:
https://www.ammoland.com/2021/09/multiple-dangers-to-second-amendment-from-biden-irs-proposal/
