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by hn_user2 3644 days ago
Interesting. Although I have always just assumed that since I need a social security number to open any kind of account in the US that the IRS already knows how much I have in the bank.

>If US citizens living in the US had to report the balance of every account they had in their local bank — all their assets, in other words, not just their income — they would be up in arms, protesting the government’s intrusion in citizens’ private business.