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Money and Finances
Reply to "So people will be taxed on venmo and zelle transactions?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it became effective Jan 2022. So you can expect a 1099 from Venmo, PayPal, etc. in the next couple of months if you made over $600 on them this year.[/quote] I didn't, no small business here, but [b]other people who have little side hustles will suffer. [/b] Although I see the point.[/quote] Doing by the book is not suffering. You pay tax because you are supposed to pay tax. [/quote] But the principal of the thing is that billionaires pay almost none of their fair share, yet people who are just trying to pay the rent are going to have a harder time doing so. You see how this sucks, right? People making 6 figures aren't getting paid through venmo and cheating uncle sam. It's people barely making ends meet.[/quote]
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