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Started By
Message
I don't mind 1099 for PayPal, Venmo etc
Posted on 12/6/22 at 10:39 pm
Posted on 12/6/22 at 10:39 pm
I am sure execution won't be very good though.
Also ashame no one understands taxes
Also ashame no one understands taxes
17
Posted on 12/6/22 at 10:41 pm to thelawnwranglers
Taxation is theft.
You're one of those 'redistribute the wealth' NPC losers.
Posted on 12/6/22 at 10:46 pm to thelawnwranglers
quote:
I don't mind 1099 for PayPal, Venmo etc
It's the etc that's going to be bad. Almost 90,000 green IRS agents looking to justify their job should have everyone sweating just a little bit.
Double taxation will be the norm for us peasants
Posted on 12/6/22 at 10:49 pm to thelawnwranglers
This 600 dollar thing is just an arbitrary number so the govt can collect their cut. What’s it matter if I make 600 in 24 hours or two 300 payments in 48? It’s complete over reach in a supposed free country.
Posted on 12/6/22 at 10:58 pm to dbbuilder79
quote:
Almost 90,000 green IRS agents
Very against this
There is no roi
Posted on 12/6/22 at 11:00 pm to momentoftruth87
quote:
This 600 dollar thing is just an arbitrary number so the govt can collect their cut. What’s it matter if I make 600 in 24 hours or two 300 payments in 48? It’s complete over reach in a supposed free country.
Reporting is going to be important
I don't see how IRS will have tools to allow properly
Aka I sale my $600 tickets for $700 need way to get cost in there
Wonder if it is predatory to push digital currency
Posted on 12/6/22 at 11:02 pm to dbbuilder79
quote:
etc
That with the 90k agency is scary
So agree it's untrustworthy af
Posted on 12/6/22 at 11:03 pm to thelawnwranglers
quote:
I don't mind 1099 for PayPal, Venmo etc
You should. Today it’s Venmo. Tomorrow it’s every account.
Posted on 12/6/22 at 11:05 pm to TerryDawg03
quote:
Tomorrow it’s every account.
All I got is checking
I pay ally taxes
Posted on 12/7/22 at 12:05 am to thelawnwranglers
Wish they’d start putting fentanyl in our taxes.
Posted on 12/7/22 at 5:37 am to thelawnwranglers
It’s BS. Had an insurance settlement paid to me from Geico through Venmo. PayPal wants all my “tax ID” now for reporting purposes.
I explained it isn’t earnings - they don’t care and have “flagged” the transaction.
The last thing I need is some careless IT company running around with my SS# reporting whatever they feel like to the IRS.
I explained it isn’t earnings - they don’t care and have “flagged” the transaction.
The last thing I need is some careless IT company running around with my SS# reporting whatever they feel like to the IRS.
Posted on 12/7/22 at 5:40 am to thelawnwranglers
quote:
I don't mind 1099 for PayPal, Venmo etc
This is why I’m starting to think they only cheat a little bit, more and more people like you caving to their policies willingly.
Posted on 12/7/22 at 5:47 am to thelawnwranglers
$600 is such as absurdly low amount and the entire premise is idiotic.
Most people getting around $600 aren't running businesses and skirting taxes.
They are selling crap around their house, sending money to a parent for their kids soccer team, paying back a friend for picking up lunch, etc.
My wife sold our old lawn furniture set, some old clothes and received money from friends for her sister's wedding shower and a friend's baby shower and it was well over $600.
This 1099 immediately opens up a path to trigger an audit if we fight to not claim this extra money.
Who keeps receipts for a 10 year old set of lawn furniture?
Most people getting around $600 aren't running businesses and skirting taxes.
They are selling crap around their house, sending money to a parent for their kids soccer team, paying back a friend for picking up lunch, etc.
My wife sold our old lawn furniture set, some old clothes and received money from friends for her sister's wedding shower and a friend's baby shower and it was well over $600.
This 1099 immediately opens up a path to trigger an audit if we fight to not claim this extra money.
Who keeps receipts for a 10 year old set of lawn furniture?
Posted on 12/7/22 at 6:04 am to thelawnwranglers
Good thing I put Indy for my voting registration
Better believe they’ll come after those with Rs the hardest and most often for this kind of shite
Better believe they’ll come after those with Rs the hardest and most often for this kind of shite
Posted on 12/7/22 at 6:10 am to Helo
quote:
Who keeps receipts for a 10 year old set of lawn furniture?
People do this all the time. Conservatives just need to get with the times.
Posted on 12/7/22 at 6:23 am to thelawnwranglers
quote:
I don't mind 1099 for PayPal, Venmo etc
I am sure execution won't be very good though.
Also ashame no one understands taxes
How many times do you think a dollar should be taxed?
This post was edited on 12/7/22 at 6:37 am
Posted on 12/7/22 at 6:31 am to dgnx6
quote:The founding fathers started a war over smaller encroachments than we have today.
Conservatives just need to get with the overreach.
Posted on 12/7/22 at 6:35 am to Snipe
quote:
How many time do you think a dollar should be taxed?
This.
Most of the time, Venmo transactions are done with take-home pay.
Posted on 12/7/22 at 6:38 am to thelawnwranglers
quote:
That with the 90k agency is scary
So agree it's untrustworthy af
So is taxing you for a $600 receipt of funds on paypal for an ebay sale.
If you put these things together, a nefarious big picture evolves.
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