“Biden’s Treasury Department declares IRS will monitor” all accounts over $600.”
What PolitiFact found
To enforce tax compliance, the Biden administration has proposed requiring financial institutions to report to the IRS annual inflow and outflow totals from most bank, loan and investment accounts.
Their words, from the summary they publish with the rating.
In short
Infowars (Conspiracy oriented website) made this claim around 13 September 2021. PolitiFact (United States) looked into it and published its finding on 15 September 2021, 2 days later. Its rating was “Mostly False”.
Infowars has 3 checked claims in this archive. Fact-checking organisations rated 1 of them false or fake, 2 misleading or mixed and 0 true.
Where the claim appeared
- Instagram posthttps://www.instagram.com/p/CTv2eRPMUCB/?utm_source=ig_embed&ig_rid=b93d11d8-29bc-449f-9f…
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.