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?

 

dave43
jl1ny

157 posts

@secretguy @jond 

Ok Mr. Do Right, give me a friggin’ break…paying taxes is one thing, this nonsense is a blatant overreach by the govt. I get destroyed in taxes, I’d like to know what snow globe you two are living in. 

 

I live in a strange thing called society. You should try it sometime..

One, two, three, four
One, two (one, two, three, four)

Let me tell you how it will be
There’s one for you, nineteen for me
’Cause I’m the taxman
Yeah, I’m the taxman

Should five percent appear too small
Be thankful I don’t take it all
’Cause I’m the taxman
Yeah, I’m the taxman

I’ll tax the street
(If you try to sit, sit) I’ll tax your seat
(If you get too cold, cold) I’ll tax the heat
(If you take a walk, walk) I’ll tax your feet
(Taxman)

’Cause I’m the taxman
Yeah, I’m the taxman

Don’t ask me what I want it for
(Ah, ah, Mr. Wilson)
If you don’t want to pay some more
(Ah, ah, Mr. Heath)
’Cause I’m the taxman
Yeah, I’m the taxman

Now my advice for those who die (taxman)
Declare the pennies on your eyes (taxman)
’Cause I’m the taxman
Yeah, I’m the taxman
And you’re working for no one but me (taxman)

 

Songwriter: George Harrison

 

@mwatsme , That's not what the 2nd amendment says. White trash militia types who don't want to work for a living spout that crap, going about cosplaying warrior patriots and seeing themselves as local warlords when they bring an end to democracy.

A patriot is one who defends his government: not tries to overthrow it when he doesn't like the idea of democracy for all. That's what a traitor does. Your idea of a "weaponized civilian milita" is the stuff of child's fantasy and contrary to what it's intended purpose is.

Get your butt in a civics class and read  Washington's Militia Act of 1792. Bone up on why he passed it and you'll have a better and more accurately informed view of things.

@dadork , So it's not unpatriotic to cheat your country? We're the only developed country that didn't (until recently) give aid to families with children. What's wrong with helping children? It's proven to raise them out of poverty, give them a better chance at life, and it more than pays for itself as more will be healthy and successful.

It's not the binary choice of your premise that we either pay too little or too much and there's no middle ground. It's not a zero sum game. 

It also helps defray the costs of child care so both parents can go back to work, which they have nowadays to to get ahead in life.

Would you rather have the tax breaks continue to go to the top where they just hoard it and contribute nothing in return?

All the best,
Nonoise

We need an "Amplified Politics" or "Political Speakers" or "Vintage Views" forum/Topic out here. All political commentary would have to go into that forum, and violators would be suspended for a week. There's no reason for so many of these threads to turn toxic. (It probably doesn't help for me to point out that it's almost always one "side" that starts it.) 

As for many, music and audiophile culture is a refuge for me during these difficult times. It's so depressing to see the same hostile, angry, and too often uninformed nonsense dragging down so many threads.

As I understand the rule is straight and simple: no profit with in a sale - no tax has to be paid… just provide all the forms to your account or if you prepare your taxes personally, make all necessary calculations, if you have any profit - pay your taxes and you done.