Ok. Loud and clear? How about a little love for the government. They are simply looking to redistribute wealth from those who have earned it to those who have not. Pretty simple, I give my money from my stash to those who have done nothing to merit such a receipt. I work hard, accumulate assets with post tax dollars and then sell such assets at a profit or loss and then pay a tax on those sales. Yup, makes sense to me. Moving closer towards a socialist state with every passing day.
Paypal Changes for 2022
If I understand this correctly, Paypal, along with all on-line payment sources like Venmo, etc. will now be sending out 1099 forms for all payments totaling $600 you receive in 2022 for goods or services. The only way around this is to use Paypal friends and family for payment which eliminates any buyer protections. Is everyone aware of this?