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Economy

Farmer-Rick

(11,587 posts)

2. Just wait until they got to start auditing all those extra incomes of $600 or more

Reply to progree (Reply #1)

Sat Jan 29, 2022, 10:19 AM

Jan 2022

The threshold use to be $20,000. Now you get to pay more taxes on anything over $600......big difference. And that's because someone has got to pay for the tax giveaways to the filthy rich and it's you.

"The Covid-19 relief bill that was signed into law March 11, 2021, changed the threshold for reporting. As of Jan. 1, 2022, third-party payment networks must report business transactions totaling more than $600 to the IRS on Form 1099-K."

Not to mention a lot of other thresholds have been moved in order to get more taxes from the poor and middle class. All so the filthy rich don't have to pay.

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Taxpayers alarmed by IRS notice asking them to resend their 2020 returns. Is it a scam? progree Jan 2022 #1

Just wait until they got to start auditing all those extra incomes of $600 or more Farmer-Rick Jan 2022 #2

The IRS falsely claimed back in Nov 2020 for 9 months that I owed $2,900 in taxes for income progree Jan 2022 #3