Unusual Stock Trading by Whales in US Congress

Re:Unusual Stock Trading by Whales in US Congress by adamrezich on Thursday April 15, 2021 @02:52PM (#26824687)

> Is there no entity that even just tries to keep tabs on or possibly investigates these people, let alone charge them with crimes where appropriate?

well there's this thing called the IRS that seems to spend most of their time auditing random citizens when the numbers they submit on their tax forms doesn't match the numbers the IRS already calculated on their side. maybe we could streamline that absolutely ridiculous process & their efforts could be used elsewhere

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Re:Unusual Stock Trading by Whales in US Congress by pc86 on Thursday April 15, 2021 @06:25PM (#26826930)

This argument comes up a lot and it's an astounding oversimplification and gross misunderstanding of how taxes work in the US. The IRS does not know how much you owe until you file. They may have a rough approximation, but they absolutely don't know anything close enough to be able to bill you.

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Re:Unusual Stock Trading by Whales in US Congress by dbt00 on Thursday April 15, 2021 @07:23PM (#26827417)

If you only have W2 income and take the standard deduction, 99% of what you need to know they know. Only changes like new address, dependent, etc would really be relevant.

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