IRS Tracking ANNUAL Payments Over $600 On PayPal, Cash App, And Venmo In 2022

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[–] • 1 pt

Stupid NPCs who actually thought biden was gonna lower taxes for them.

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Sad thing is, this will affect the poor/middle class the most. The people with money can use the methods they already use to move around money claim expenses, deductions, etc.

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[+] [deleted] • 1 pt

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Thing is, this is not about separate transactions that are over $600 - this is about any number of transactions that add up to $600 or more per year, i.e. a person could have 40 $15 transactions in a year and it will be reported.

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[–] [deleted] • 1 pt

Yes, my mistake.
thanks

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(edited )

It's more the way the thing is written - which is why I added "annual" to the title - I think there's an intent to make people perceive that it's only for individual transactions over $600.

Darn, they are itching for cashless.

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Just register as a democrat and they will over look you.

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True ;-)

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