Most people are talking about the shadow economy where you pay billy to wash your car every week for $40, and then neither of you reports it to the IRS so billy doesnt have to pay taxes on it.
Its a government wet dream to be able to tax all of this, which is why they are desperate for you to venmo/whatever your money everywhere.
Yes, which is why i support a sales-tax-only model. Shit between friends doesnt need the governments nose in it, which is why it shouldnt have a vested interest in monitoring everything.
Most people are talking about the shadow economy where you pay billy to wash your car every week for $40, and then neither of you reports it to the IRS so billy doesnt have to pay taxes on it.
Its a government wet dream to be able to tax all of this, which is why they are desperate for you to venmo/whatever your money everywhere.
What if a friend bought tickets to a concert/movie and you're just reimbursing them? All this shit is insane.
Yes, which is why i support a sales-tax-only model. Shit between friends doesnt need the governments nose in it, which is why it shouldnt have a vested interest in monitoring everything.