- !ozoned@lemmy.world ( @ozoned@beehaw.org ) 11•1 year ago
Yup. Trying to bankrupt the government so they can state that they need to start cutting critical services.
Fuckin paywall
- negativenull ( @negativenull@negativenull.com ) 4•1 year ago
Install the browser plugin “Bypass Paywalls Clean”
- itchy_lizard ( @itchy_lizard@feddit.it ) 6•1 year ago
Please cross post to US news subs
- frozen ( @frozen@lemmy.frozeninferno.xyz ) 3•1 year ago
Smart enough to set up a Lemmy instance, too dumb to read financial graphs. Can anyone help someone dumb with money? :)
- Thebazilly ( @Thebazilly@pathfinder.social ) 10•1 year ago
The IRS generates many times more revenue than its operating cost when they audit wealthy taxpayers.
- frozen ( @frozen@lemmy.frozeninferno.xyz ) 1•1 year ago
For some reason, the link was originally only showing me the graph, not the actual article. But thank you for the summary!
- BombOmOm ( @BombOmOm@lemmy.world ) 1•1 year ago
Meanwhile, they are now requiring people to disclose even $600/yr income gained from side sources. This is down from the previous requirement of mandating it only if one earn $20,000/yr from side sources.
If they only intend to audit the big guys, why are they suddenly requiring people to report a measly $600/yr in side-income while simultaneously massively beefing up the number of auditors?
Have a good yard sale and the IRS is commin’ knocking.
- felixworks ( @felixworks@beehaw.org ) 1•1 year ago
Independent contractors have loosely had the same $600 threshold for a long time (you’re supposed to report all income, but the payer is required to send the contractor a 1099 when the income is $600 or more). As far as I can tell, the new $600 rule is kind of just connecting the dots and making it harder to ignore the tax responsibility when the money is transferred through apps like Venmo. I agree it’s not a great thing to focus on when the wealthy are not paying their fair share of taxes, but it’s also not a huge change.