The Irony of the IRS Requiring $600 Venmo Payments to be Reported
BREAKING: It was once a rumor and is now confirmed that Venmo-IRS auditing is now going to occur for payments of over $600. The $600 threshold includes part-time work, side gigs and selling goods.
The IRS has warned Americans that they must report payments on Venmo, PayPal, & Zelle over $600
The $600 threshold includes part-time work, side gigs, and selling goods
Wasn’t the plan to go after Billionaires?
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) November 30, 2022
Venmo-IRS Reporting
This may not read as a big deal now but will set precedent for further crackdowns. Afterall, the Biden regime did hire an additional 87,000 IRS agents to track down small-to-medium payments. This certainly will have consequences for small businesses.
Now, if you still think Biden is truly calling the shots here, I’m not sure what to tell you. There may be no hope.
Dramatic speak aside, the Biden regime has been doing just about everything to slowly bring down the US economy. Instead of going after Billionaires with stricter tax codes, the democrats once again pivot and attack the people, whom they claim to represent.
This is just another falsehood that’s brought to you by the mainstream media and their political shills. It’s a sad state of affairs but there’s nothing much we can do about it besides voicing our frustrations publicly and peacefully.
Besides, the Venmo-IRS $600 threshold seams strange given that marijuana is now legal in 21 states, and is well on its way to being legal nationally. I’m guessing that this crackdown would have, at one point, affected the small-time weed sellers.
Now, it just reads as another way for the IRS to track our every movement and every payment. This may not have a direct impact on crypto regulation now, but I fear that it will set a precedent for this too.
The regime saw that people could prosper in any kind of conditions during 2020. When initially the mass job layoffs impacted many, people turned to stocks and crypto to realize their financial dreams.
The IRS is warning Americans that this tax season they must report payments on Venmo, PayPal & Zelle of over $600.
Meanwhile…
The Pentagon just failed its FIFTH audit in a row, as they were unable to account for 61% of their $3.5 trillion in assets. $800 billion annual budget.
— Stephen Geiger (@Stephen_Geiger) November 30, 2022
The Good News
There’s always some good in there if you look hard enough. In this case, it’s clear that more and more people are becoming outraged by the regimes authoritarian policies. They aren’t even trying to hide what they’re doing anymore. And more and more people are waking up to it.
