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by theonemind 1534 days ago
https://fee.org/articles/why-its-time-to-revisit-the-1970-fe...

Used to be worth about $65,000. This will probably be a requirement when $10,000 is worth $1,000 of today's dollars--do nothing, and more and more stuff comes under reporting requirements.

Ridiculous that these things aren't inflation adjusted. I ended up paying the alternative minimum tax once, the old "millionaire's tax". Spoiler: I'm not a millionaire. If I was, millionaire isn't what it used to be, either. https://www.thebalance.com/alternative-minimum-tax-amt-who-h...

1 comments

Even depositing / pulling out $2600 can earn you a SAR, although you'll never know because the teller can't tell you.