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Orange Blooded [2693]
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Orange Blooded [4679]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 7:53 AM
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They are thugs and thieves.
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Orange Blooded [4018]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 9:49 AM
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If only we had elections.
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110%er [8984]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 8:31 AM
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*Joe and democrats use poor folks then kick them in the nuts
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All-In [27135]
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Accurate.***
Dec 1, 2022, 8:36 AM
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Orange Blooded [4018]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 9:52 AM
[ in reply to Re: Clearest sign yet the country is dead broke ] |
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You guys b!tch about taxing the rich, now you whine about taxing the poor. You complain about deficits, then you complain about revenue. What you NEVER do is offer up a plan to balance the budget.
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Orange Blooded [3615]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 10:43 AM
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They love spending. Trump loved spending. They don't care about defects. They are MAGA now and the deficits were something the old Repubs used to focus on. Those days are long gone.
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CU Guru [1315]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 3:16 PM
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Factoid for Misinformed Dems: Trump spent, but NOTHING like Dumb Joe.....and, wait for it........
Trump brought more prosperity to America (esp. minorities (HBCU) and the 'little guys') than Odumbo and Brandon together.
I suggest your proofread your spelling (deficits, not defects) and facts before you spew comedy embarrassing to you. Miura
FJB
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110%er [8984]
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All-TigerNet [10891]
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This is part of Biden's BS. It's been known for over a year
Dec 1, 2022, 8:32 AM
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that this was coming.
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All-TigerNet [10891]
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PS - this is a great way to kill a central bank digital
Dec 1, 2022, 8:33 AM
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currency before it launches, so I guess that's good. Probably an unintended consequence.
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All-TigerNet [12249]
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This ain't nothin - just wait until those 87k new IRS agents
Dec 1, 2022, 8:35 AM
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are let loose on the middle class...
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All-TigerNet [11952]
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Well, that and
Dec 1, 2022, 8:43 AM
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the $105 trillion in debt and unfunded liabilities.
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Orange Blooded [3615]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 8:47 AM
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Someday we will be forced to go without cash and everything will be digital. They need to track our money in order to tax us more.
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All-In [31896]
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Did you read the details?....
Dec 1, 2022, 9:01 AM
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The IRS wants businesses to report when they people using Venmo for transactions over $600 via 1099's so that the IRS can ensure people are claiming that income on their tax filings.
Why would anyone have a problem with that? Businesses do that already when they cut a check or make an ACH payment. What's the difference?
Frankly, I like that the IRS is trying to make sure people that are paid in cash transactions are claiming that income on their tax returns.
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All-In [26968]
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I had the same reaction...it's not instituting a new tax
Dec 1, 2022, 9:11 AM
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It's enforcing the taxes that people are supposed to be paying. I'm usually not going to have a problem with the government trying to accurately enforce law.
This would be similar to setting up more speed traps to catch speeders. If you're speeding, it's your fault, not theirs for enforcing it. If you owe taxes on Venmo transfers, that's on you, not on the government.
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Orange Blooded [2693]
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I'd like to know how they originally came up with the 1099k
Dec 1, 2022, 10:15 AM
[ in reply to Did you read the details?.... ] |
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threshold of $20,000 for the 1099k, when I thought it had always been $600 for a 1099 misc.
This is mostly about the growth of the gig economy, uber drivers, task rabbit etc. Those industries have grown so much that over the last few years that it has displaced revenue from more traditional businesses. I'm curious to know how much tax revenue they are expecting from this deal.
I'm for everyone paying their fair share, but it's pretty obvious where the intent is coming from: they have some massive bills to pay.
"The proposal was offered as a way to help pay for a $3.5 trillion social spending bill that would invest in climate programs, child care and education."
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All-In [31896]
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we have massive debt...we should be trying to legally...
Dec 1, 2022, 11:23 AM
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maximize revenue on all fronts.
I can't prove it...but it's my suspicion that there is a huge amount of income not being claimed by those who operate in the cash world...service staff, lawn care, etc... and it ought to be something that's addressed.
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All-TigerNet [13116]
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As long as spending isn't addressed***
Dec 1, 2022, 11:45 AM
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All-In [31896]
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Spending needs to be slashed too...
Dec 1, 2022, 2:10 PM
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need it on both ends!
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Heisman Winner [111617]
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This is bad news for
Dec 1, 2022, 9:52 AM
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the more expensive call girls.
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110%er [9664]
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There's going to be a lot of $599 transactions now...***
Dec 1, 2022, 10:15 AM
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All-In [40934]
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It's $600 per year
Dec 1, 2022, 10:21 AM
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not per transaction
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110%er [9664]
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I scanned the article and saw this:
Dec 1, 2022, 10:29 AM
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"When Congress passed the American Rescue Plan Act of 2021, it included a provision that reduced the reporting threshold to a single transaction over $600."
I possibly took it out of context...
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All-In [40934]
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This is why we needed 78,000 new agents
Dec 1, 2022, 10:16 AM
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Thanks Dems!
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All-TigerNet [13605]
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Re: Clearest sign yet the country is dead broke
Dec 1, 2022, 3:36 PM
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As of now, Zelle says that they won't have to report. Good news for me since the ex wife uses Zelle to pay child support.
Although, child support isn't taxable, I'm not really looking forward to jumping through hoops to prove it's child support when the IRS comes calling.
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50
