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New IRS rule will allow government to track all banking transactions over $600. Will this make Bitcoin and other crypto even more attractive?

Bitcoin Reddit

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Every transaction over $600 will automatically trigger a report to the IRS. So every time you pay your mortgage, have a medium priced car repair, or make a mid sized co-pay for medical, the IRS will know about it instantly. Is this the kind of country you want to live in? Bitcoin really is the future if the IRS is going to do this.

https://www.ksn.com/news/local/so-called-tax-gap-plan-could-let-the-irs-look-into-any-account-with-as-little-as-600/

submitted by /u/Extremely-Bad-Idea
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