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Team Biden is using the IRS to attack
the gig economy

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Posted By: AltaD, 12/6/2022 11:02:52 AM

Sorry, hipsters. A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” The Biden administration is recruiting 87,000 IRS agents, allegedly to keep an eye on billionaires. But all appearances are that it’s aiming at the little fish of the gig economy instead. Taking payments for a side hustle via PayPal or Venmo? Not only is the IRS reminding you those payments are taxable income, it’s deputizing those payment companies to snitch on you. (Snip) The threshold used to be $20,000 but was lowered to $600

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Reply 1 - Posted by: enemyofthestate 12/6/2022 11:33:06 AM (No. 1350306)
IRS? Why isn't Lois Lerner in federal prison?
6 people like this.

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Team Biden is using the IRS to attack
the gig economy
1 reply
Posted by AltaD 12/6/2022 11:02:52 AM Post Reply
Sorry, hipsters. A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” The Biden administration is recruiting 87,000 IRS agents, allegedly to keep an eye on billionaires. But all appearances are that it’s aiming at the little fish of the gig economy instead. Taking payments for a side hustle via PayPal or Venmo? Not only is the IRS reminding you those payments are taxable income, it’s deputizing those payment companies to snitch on you. (Snip) The threshold used to be $20,000 but was lowered to $600
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Posted by AltaD 11/22/2022 1:29:30 PM Post Reply
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