As someone who has to pay back half of my COVID relief but so many rich people and corporations don’t- I feel this deep in my black soul.
$7000 on top of my student loans👍
We should subtract from the military’s budget anything they can’t explain on an audit.
They know exactly where it went. Operation Freedom, abbreviated OF on the ledger…
it’s worse than that, they don’t know that they don’t know. literally no one ever holds them to account, they’ve never been asked the question so why would they need the answer.
Congress also throws more money at them than they even ask for.
This is true, I believe the Pentagon requested 5.2 Bn increase but the defense spending bill increased their budget by 26 Bn.
Ha you can’t even receive $50 of digital payments (venmo, cashapp, whatever) without passing an invasive KYC check. Fuck big brother.
I’m not reporting that someone sent me their share of the mortgage through an app rather than cash. Get fucked.
That’s a personal transaction and not business so you don’t have to claim it anyway.
If you’re paying a mortgage and someone is paying you for one of the rooms, as far as the IRS is concerned that is income 🙁
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If they do, for any transaction including personal, they are breaking tax laws so… I really don’t think that’s the case at all…
I had the pleasure of teaching people about the 1099-k used to report that from a business standpoint (which anyone needing to report would be using). So while I don’t know a lot, I do know that specific thing about that specific form.
I’m not a tax professional, but this is literally the first tax season these companies are being subjected to the new rules, so erring on the side of caution makes sense for them, but ultimately if they report that based on personal transactions, they are violating IRS regulations, and no company wants to do that if they can avoid it.
Prior to that, the 1099-k rules were really wild, something like a minimum number of transactions plus a minimum amount of income through that specific source. It led to a lot of untraceable transactions in lieu of normal transactions and it was hard to follow up with, plus a lot of people who had no clue they needed to file the form. This is literally just their way of shoring up the rules to make it enforceable for them as an underfunded agency.
Does it? It wasn’t an issue for me until I got paid and they accidently selected “payment”. At which point I had no choice, venmo forced me to give my tax information before they would cancel, or return the money that was sent to me.
They will still be reporting that transaction and there is nothing I can do.
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Exactly.
you don’t have to report anything, thats also why they do random audits.
Venmo reports it
I’m honestly pretty upset about having to report “income” on reselling random old used shit out of my closet and garage on ebay all of the sudden.
Taxes have fucking been paid. This shit is not the same as wages and shouldn’t be treated the same.
Now, my advice for those who die
Taxman!
Declare the pennies on your eyes
Taxman!
The $600 paypal/venmo/etc reporting thing has been postponed and is not a thing for this coming tax season.
Image Transcription: Twitter Post
Brave New Films, @bravenewfilms
The Pentagon: we don’t know where $2 trillion went.
The IRS: you sent $600 on Venmo. Don’t forget to report it.
It’s all Stargate wars obviously.
Sorry to be that person but this doesn’t make sense for a couple legitimate reasons.
https://sh.itjust.works/comment/6179467
For sure BS the DoD isn’t really improving. Yet this is an apples to oranges comparison.
It’s not about taxes, not really. It’s the hypocritical and one-sided scrutiny of citizens vs corporations and the military industrial complex.
It’s still wrong. Even when not about taxes directly.
It demonstrates either ignorance about government responsibilities, ignorance about GAP, or combination of both.
People passing this around should do better to come up with an applicable comparison regarding oversight the IRS has. There are many examples.
But the IRS isn’t the GAO. Auditing the DoD will never be something the IRS handles.
Ok, so where is the missing 2 trillion dollars? You seem to be missing the forest for the trees. It’s about hypocrisy, not the highly specific functioning of an inept governmental office.
Edit: I’ll spell out the hypocrisy. What happens when you fail an audit? You’re forced to pay back the money. What happens when the Pentagon fails their audits? Literally nothing. The 1990 bill has no penalties for failing, none.
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You have literally no sources for any of those claims and are just talking out of your ass.
Ok, so where is the missing 2 trillion dollars?
That’s for the GAO to figure out. Not me or the IRS. The IRS is already understaffed and funded as is. And both the IRS and DoD are Executive branch. That’s why the audit authority rests with Congress to provide checks against Executive authority.
You seem to be missing the forest for the trees. It’s about hypocrisy, not the highly specific functioning of an inept governmental office.
If it’s only about hypocrisy there are still better examples. The DoD doesn’t generate revenue so there isn’t anything to tax. Meaning the IRS shouldn’t be involved.
If to call out the DoD make it about how they expect this level of accountability with their own suppliers and staff that they’re failing. If to call out the IRS it could go with numerous options unrelated to the DoD.
As is it doesn’t make sense.
The DoD doesn’t generate revenue so there isn’t anything to tax. Meaning the IRS shouldn’t be involved.
I don’t know how else to say this. It’s not about specific agencies applying what penalty or anything else like that. It’s the fact that there are no penalties for the DoD for failing an audit.
So about my prior comment on ignorance of the government. Congress owns making penalties happen. As stated, this post suggests it’s the IRS not doing their job.
You’re welcome to come up with an alternative interpretation of what’s plainly stated. But we can do better than misrepresenting the issues this post does a crappy job of bringing up.
Ok, I see where you’re coming from. I looked past the error to see the point of what they meant. You’re stating the obvious that the IRS isn’t involved with government agency audits. We’re arguing about 2 different things.
My reading: Uncle Sam’s Ledger Logic:
$2 trillion vanishes into the Pentagon void? “Oops, slipped through the cracks!”
Your $600 Venmo transfer? “Caught you red-handed! Now, where’s our cut?”
The bitching about the DoD is dumb. It’s clearly a necessity with even bigger asshole nations being cunts.
“Accountability is dumb because China” 😵💫
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Oh right, the US is still out creating vassel states 🙄
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no, we believe the cia now, for realsies
How many military bases do we have in how many countries?
Ohh I guess that’s a forced thing in most cases 🙄
And everyone is gonna downvote me for mentioning Monero as the real fucking solution.
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Well I’m just not going to counter you with the obvious. Figure it out your gorramn self.
No, I down voted you because you brought up votes at all. Begging for down votes is just as lame as begging for ups.
But I work for the CIA too, man.
Oh, in that case, carry on!
I did. Even got a few hundred more lbs of cocaine to sling in America…again.
If a value overflow incident happened with Monero, it never would have been detected.
Value is contribution. Not explotation. Hiding that level prevents exactly that level and is no longer manipulative. Especially not the proffesional wall street level of exactly that kind of slavery which totally cannot be done in capitolizm.
I’m referring to the value overflow incident in Bitcoin, where a hacker gave himself a bazillion bitcoins and it was only caught because all ledger values are visible.
Yeah. So? Invisibility is exactly that. Can’t crack someone who you are unaware of the presence and mass of the collections of who. You can track it all on bitcoin. Sucker crypto right there. Just askin’ for it.
The Lightning Network has onion routing by default. This gives us the best of both worlds - strong privacy and a way to detect inflation bugs. Better L1 privacy is in the works, without sacrificing auditability.
I’m stacking these pennies. They’ll be as tall as the 9/11 building before too long and withstand nearly as much an impact.
Ok cool whatever that means. It is nice to know there’s only 21M BTC.
Spooky
Told ya.
