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Thursday, September 23, 2021

Multiple Dangers To Second Amendment From Biden IRS Proposal - Ammoland.com

Washington, D.C. – -(AmmoLand.com)- 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?

Click the link to read the whole article:   Multiple Dangers To Second Amendment

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