ROLFMAO. Employers don't give their employees 1099s.
Employees get a W-2.
How stupid are you?
Biden Needs the IRS to TAX low-income Waiters & Waitresses
- Thread starter Libhater
- Start date
ROLFMAO. Employers don't give their employees 1099s.
Employees get a W-2.
How stupid are you?
semantics in the new gig economy
go bother someone else with your retarded sophomorics
How stupid are you?
taxes are a voluntary reporting system tardo
Libhater
Verified User
Anti American ideology from the right? Could you give an example?
SmarterthanYou
rebel
trying to ignore US Constitutional limits by making federal laws on things like abortion, marriage, machine gun prohibitions, nationwide conceal carry, etc.
Nation building. We are supposed to have a humble view of what governments can and will achieve. We worry about giving too much power as power corrupts.
Yet here we are occupying hundreds of nations in far off lands.
No. It isn't semantics. It's tax law.
You seem to be arguing that tax law is whatever you imagine it to be rather than what is written.
it is semantics. the business owner is responsible for reporting compliance
Whether he hires employees or contractors
you are a mouth breather. just a waste of space and air
Read your link. It doesn't say what you seem to imagine it says.
It has nothing to do with paying taxes. It has to do with reporting earnings for others that pay taxes. Employers have been required to report tips for many years. This is a system to help automate that and make it easier and more accurate and reduce audits.
A business owner may not be an employer since over 50% of businesses in the US have no employees.
Are you now arguing that banks and other money transfer systems aren't businesses so shouldn't have to report money being paid to contractors?
no shit moron.
and tips have always been taxable
And now Biden wants 27k more agents because he plans on going after low income wage earners and will also lower the threshold for 1099-k too so it is easier. He also wants all banks to report total deposits and withdrawals.
you all caught up mouth breather?
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The $600 threshold for 1099-Ks have nothing to do with waiters and waitresses since they don't receive 1099-Ks.
Lowering the threshold for 1099-Ks will have no effect on anyone that already was reporting their earnings properly. (I have never had a problem as long as my gross business income exceeded by 1099 totals.) It only means that those that were cheating and hiding income will now find it harder to do. The reporting entities have already put in place a different system for people doing business compared to people sharing expenses. It might mean some people will have to declare the money on their 1099-K is not income but it won't be that many. Frankly anyone that gets a single 1099-K for $601 won't be paying a single dollar in taxes on it if they have any business sense at all.
Where is the info on banks reporting ALL deposits and withdrawals that you think now needs to happen. It seems you can't get simple facts right.
Correct, those are to go after your favorite hairdresser. Biden wants to see your annual bank deposits to get the waitress
That is not what this thread is about. stay on topic.
go read the thread title, and come back when you can debate the topic
ROFLMAO.. So your arguments about 1099-Ks are completely off topic since no waiter or waitress will ever get a 1099-K for their work as a waiter or waitress.
A hairdresser will also not be getting a 1099-K unless they are getting paid with paypal or Square. And then it shouldn't really affect them since if they are properly reporting earnings, their gross sales will exceed any total on 1099-Ks.
You keep claiming they will be looking at your annual bank deposits. Where is that in the law? It seems to be something that is only in your fever dreams.
Your hairdresser that rents her salon and is treated as a contractor uses services such as Square for sure.
the point you refuse to accept, but is a fact, is Biden plans to go after low income tax compliance
He talks about how the rich needs to pay more, but the power of government will be used to go after the poor
it is a fact
Port Tack
Verified User
No, he said anyone making less than $400,000 per year will NOT be affected by any tax increases.
Of course anyone currently paying taxes on $50,000 when they are cheating and should be paying taxes on $65,000 may see an increase but I suppose you are just too fucking stupid to realize that.
We are 30 fucking trillion in debt when is the right going to realize we need to collect more taxes.
giving government more money just means they spend more money. taxes are used to pay the interest on the debt. We don't live in a sound money environment - they have no intentions of paying down the debt, they want the tax base to increase so they can justify a bigger debt ceiling
Not true. You think like a righty.
it is the fact.
We use monetary debasement. We intend to use debt to our advantage
We import cheap goods and export depreciation. That way the entire world lives under our tax policy
If we can show our annual income went up - our ability to borrow more goes up as well. Even central banks have some limitations afterall