Posted BY: Bill | NwoReport
We all knew when Joe Biden and the Democrats pushed through the ironically named “Inflation Reduction Act” that had provisions for 87000 new IRS agents that these newly hired goons weren’t going to be coming for the rich and corporations as the Dems tried to tell us. We knew they will be coming for us, the middle class because the middle class foots the majority of the bill anyway. Guess what! Here they come! The federal government is implementing new changes, some specifically designed to gouge small businesses and individuals that use cash apps like Venmo, Paypal, and cash App. Where in the past users had a 20000-dollar threshold, the new limit is 600, so if you have an Etsy shop or a small business, prepare to be gouged in the Spring. Want to get even angry? The Senate just passed a trillion-dollar spending bill without even reading it! Pay your taxes on the 700 bucks you made mowing lawns peasant! Check this out.
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On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” host Elizabeth MacDonald contrasted the Senate passing the $1.7 trillion omnibus bill that the House is poised to pass and President Joe Biden is set to sign into law despite there not being any hearings on the bill and members not having time read all of the bill with the IRS demanding taxpayers report $600 transactions on payment apps like Venmo and PayPal on 1099 forms.
MacDonald said, “They’re going to spend trillions of dollars on a bill they will not read, not hold hearings on. But now, they’re demanding every taxpayer give details on 1099 forms to the IRS about their little $600 payments on phone apps like Venmo
