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235
The Biden Administration launched an all-out attack on the gig economy, requiring that Venmo, PayPal, and other gig transactions over $600 be reported to the IRS. The One Big Beautiful Bill repeals this insane requirement. (twitter.com) 🏆 - WINNING - 🏆
posted 1 year ago by GDZeus 1 year ago by GDZeus +235 / -0
23 comments share
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Comments (23)
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▲ 12 ▼
– Nurarihyon_no_MAGA 12 points 1 year ago +12 / -0

Alright!

A huge victory over the IRS

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▲ 6 ▼
– BakasEverywhere 6 points 1 year ago +6 / -0

It's not passed yet...

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▲ 3 ▼
– TaQo 3 points 1 year ago +3 / -0

Bill? Is THAT you???

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▲ 2 ▼
– escapegoat 2 points 1 year ago +2 / -0

Watch Everything Everywhere All at Once. The $600 limit was used to map out the money laundering networks. I guess that's done.

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▲ 2 ▼
– MAGA_Patriot_1776 2 points 1 year ago +2 / -0

As far as I am concerned, the gig economy is basically a "tip" economy. No tax on tips. No tax on gigs.

Many people do gigs to make ends meet, and it is far better than prostituting oneself or getting into the illegal drug trade, etc.

People sometimes get desperate for money, and gigs are a pretty safe way to make some cash quickly.

IMO.

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▲ 8 ▼
– Honor+Duty 8 points 1 year ago +8 / -0

I hate Venmo and all those BS payment systems. I got paid remotely for a job and they took a chunk for Processing.

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▲ 7 ▼
– ArmyLady 7 points 1 year ago +7 / -0

$600 is the amount they have been using for ages for 1099 reporting (independent contractors) despite inflation since then.

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▲ 5 ▼
– BakasEverywhere 5 points 1 year ago +5 / -0

It's not won until the Bill is actually passed. I think too many people keep forgetting bills aren't laws and that most bills die before becoming laws.

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▲ 5 ▼
– photobuf 5 points 1 year ago +5 / -0

When it passes, maybe then I can sell again on Ebay and get rid of all my Canon lens, camera and equipment since I don't use it anymore.

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▲ 1 ▼
– kish-kumen 1 point 1 year ago +1 / -0

Alas, it's not my brand. But if you have any Pentax glass sitting around unused feel free to pm me.

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▲ 1 ▼
– photobuf 1 point 1 year ago +1 / -0

I do not have any Pentax. All I have are the Canon L lens. Sorry

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▲ 2 ▼
– kish-kumen 2 points 1 year ago +2 / -0

All good. Different tools for different jobs and hobbies. Take care!

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▲ 5 ▼
– Godisglory1 5 points 1 year ago +5 / -0

I believe the big beautiful is to harm us more, President Trump is saying it because I believe it is sarcasm. It is not a big beautiful bill, it is just to benefit the left and evil things we have in earth.

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▲ 3 ▼
– BigJilm01 3 points 1 year ago +3 / -0

It’s a big load of crap 💩

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▲ 2 ▼
– BrainwashedbyTrump 2 points 1 year ago +2 / -0

I disagree. A big funding bill was coming whether we like it or not. A bill has to pass the house and senate, so its not going to be 100% what we want because we have to deal with asshole republicans too. So we are actually getting a 10x better bill than a Democrat would have promoted and there would be no tax cuts at all, nothing to benefit Americans at all. So just realize it would have been far worse under a democrat or rhino.

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▲ 4 ▼
– GGRockz 4 points 1 year ago +4 / -0

Tax the hell out of us slaves so they can live their lavish life styles.

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▲ 3 ▼
– GDZeus [S] 3 points 1 year ago +3 / -0

https://x.com/RapidResponse47/status/1929608034398961732

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▲ 2 ▼
– Brent75 2 points 1 year ago +2 / -0

Do we know what section that’s in yet? And I’m wondering if it’s a total repeal, or it just sets the taxing at a much higher level, like it used to be before Biden lowered the rate.

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▲ 1 ▼
– Pbman2 1 point 1 year ago +1 / -0

Nice win,in the making,

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▲ 1 ▼
– BetterNameUnfound 1 point 1 year ago +1 / -0

Thank God. I can cash in my GME nest egg without them butting in.

Yes, I know, diamond hands, but you don't know my family's situation.

It won't stop the MOASS anyway.

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▲ 1 ▼
– TheMAGAnificent 1 point 1 year ago +1 / -0

Just got rid of capital gains on all stock sales under $500,000 a year.

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▲ 1 ▼
– BetterNameUnfound 1 point 1 year ago +1 / -0

That's in the bill too?

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▲ 1 ▼
– pente1776 1 point 1 year ago +1 / -0

Since the clinton years they have sought this $600 threshold. What am I missing? Is it an attack on small business?

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▲ 1 ▼
– TaQo 1 point 1 year ago +1 / -0

Glenn thought you said Giggity

Notice that lapel pin...muy intersantè. Found in the wild!

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