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<p>[QUOTE="medoraman, post: 1288678, member: 26302"]Its not just for business, its for all transactions. Why is there a special "IRS form" for a certain transaction regardless of the applicability of taxes? There is no proof the transaction affects any taxes, its simply a mechanism for the government to keep financial track of you. Just because it has been around for longer than 10 years, (cannot remember the date implemented), does not mean its not bad law. As a practical matter like Guy said most businesses won't even do a cash transaction because they think it will bring the government down on them. So, whether intended or not, it is scaring US citizens into losing this right.</p><p><br /></p><p>You say larger bills were only used for large transactions, ok. This nation made them for 100 years, and all of the sudden having large bills, (which are smaller in spending power every year), now are suddenly a danger to our citizens and have to be actively pulled off the market? Why?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1288678, member: 26302"]Its not just for business, its for all transactions. Why is there a special "IRS form" for a certain transaction regardless of the applicability of taxes? There is no proof the transaction affects any taxes, its simply a mechanism for the government to keep financial track of you. Just because it has been around for longer than 10 years, (cannot remember the date implemented), does not mean its not bad law. As a practical matter like Guy said most businesses won't even do a cash transaction because they think it will bring the government down on them. So, whether intended or not, it is scaring US citizens into losing this right. You say larger bills were only used for large transactions, ok. This nation made them for 100 years, and all of the sudden having large bills, (which are smaller in spending power every year), now are suddenly a danger to our citizens and have to be actively pulled off the market? Why?[/QUOTE]
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