this post was submitted on 24 Sep 2023
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If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty (gizmodo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.

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[–] orgrinrt@lemmy.world 4 points 1 year ago (1 children)

Personally I think it fair enough that government tracks larger undocumented transactions, but maybe the 600 is a bit low a threshold not to affect common people too much.

I see your point, but I am from Northern Europe, and “governmental overreach” has a very different meaning to me than this. Especially the tracking side seems absolutely understandable for larger sums, but I am in favor of a heavy, regulating government, so I believe there are ways to make that threshold and rules as to who and why has to actually get taxed for the transaction, a fair enough and just construct among others very much needed.

[–] zoe@infosec.pub 1 points 1 year ago

multinationals should be banned from making subsidiaries in tax heavens (for exemple, Ireland) The Irs knows this but lobbying money prohibits them from achieving anything substiantial