House Ways and Means Chairman Jason Smith’s office raises alarm that tax agency “has no plan on what to do with the new information” it will collect with the new forms.
16 Comments on IRS takes aim at Americans’ earnings from Venmo and PayPal, dispatches 30 million new tax forms
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We are citizens no longer.
We have become nothing more than income generators for Government. And still we are in $34 Trillion dollars in debt.
The freedoms we are allowed to enjoy are based solely upon paying taxes at every level of government, from the city, county, state and federal governments.
God Given and Constitutional Freedoms are conditional, based on Government authority.
“…”Thanks to Democrats, more Americans who mow lawns or sell concert tickets and used couches through Venmo or PayPal will have those transactions scrutinized by the IRS…”
Meanwhile the Biden Family Money Laundering Crime Syndicate will avoid any prosecution because they are privileged ruling class.
I have had $90 in a PayPal account that I have not been able to access over 3 years since my last laptop crashed. I would rather the IRS have it than PayPal.
Maine has more backyard and home businesses than large. This will hurt them.
Time to stop using digital payments.
Beachmom,
Yep. Make Cash King.
Another reason to NOT go “digital”.
You will own nothing and be happy.
Of topic – Libertarian Javier Milei WINS the Argentina presidential election!
Maybe this will red pill a lot of the middle of the road people. My Biden supporter neighbor sells a lot of stuff of ebay.
You can’t have everything. Where would you keep it?
@cato nailed it. “We are citizens no longer”. We are SUBJECTS that are used to fund the extravagant lifestyles of our “betters”. The taxes we are FORCED to cough up to the insatiable behemoth that is government of all levels. It never has been, nor ever will be enough. We are just feeding the beast that is killing us.
@ cato—
That’s the price we pay for NOT having political representatives, whether we voted for them or not.
87,000 armed IRS agents going after tax cheats, awe I fell good.
Gots to be the newsgood story of the day, amen.
Cash & Carry
This govt will spend 1 million dollars to collect $300.
Is that why I keep getting texts that tell me my (non-existent) Venmo acct. has been suspended?