The ole saying… Oh Ben Franklin how you have aged so well
Ah I see, being poor is just not good enough so you had to be poor and hustle. But then even then it was not good enough so now we have this, I guess be poor, hustle AND make sure to report every dime to the tax man.
And the cost of this “crack down”? Doubt the Gig workers could even cover it, and just one billionaire getting full taxed would likely dwarf both.
Gig workers are getting so damn rich! Better cut our profit!
I know they’ve said they don’t have the capacity to take on the really big tax cheats (ie the same people that pay lobbyists and gift politicians with trips and gifts), but recovering one or two of their dodged taxes alone would probably cover every gig worker who’s ever underpaid taxes.
Of course, that would only make sense if you thought the IRS’ primary function was to fairly enforce taxation and mutual support of our shared govt—whereas the older I get, the more it seems to me that it serves as a social disciplining function and a lever to adjust social mobility. If your have enough money, you never have to worry about them.
This is why Biden gave them a big funding boost, to staff up so they could go after those people.
Well, maybe so, but so far they’re going after… gig workers
That’s certainly a start but only 1.7 billion of that is listed as explicitly “high-income” unpaid debt. Even if you were to assume the 4.7 billion was entirely from high income, which I doubt, it’s still dwarfed by estimates of the missing taxes from the 1%. Per this fast co article an estimate of 168 billion per year is evaded by the top 1%. That’s 28% of the total evaded tax revenue estimate of 600billion. I’d speculate that if you included grey area practices for sheltering and hiding money, that liability would grow substantially.
I fully understand the IRS is understaffed and has been choked for funding, my general point is that this is deliberate, and meant to force them to focus on recoverable things like gig workers as opposed to the very wealthy who can hold them off with lawyers and clever accountants. If it were possible for them to go after these people, that would be the most rational use of their time—when I need to free up space on a hard drive or email acct, I target the largest files and attachments first.
Exactly. The IRS can only work within the law, and if the law makes it easy for the wealthy to evade taxes. That needs to be fixed in Congress. So good luck to us all, I guess!
It’s a start, but it needs to go much, much further.
Total extra collected: $4.7 Billion
Total from “high-income taxpayers”: $1.3 Billion
Your source does not actually say what you are implying it does…
War machine go brrr we got Palestinian babies to kill. TurboTqx gotta get their cut too.
Why are normal people trying to scrape out a living being punished and not the companies that are exploiting labor laws? Require Uber, DoorFash, etc. To hire the workers as employees with a proper W-2
Theres no punishment, if you’re paying your taxes. Think of this as requiring the same reporting from companies as they already do for w-2.
The lobby is strong.
California literally had a ballot measure to force Uber, etc to hire as employees, and they spent so much money muddying the water that it failed.
Nice pfp
Previously, gig platforms only had to report information to the IRS for workers who earned more than $20,000 and completed at least 200 transactions. The new thresholds are designed to make it harder for gig workers to avoid paying taxes on their income.
“Like their fellow Americans who earn income through traditional means, U.S. taxpayers who earn income from digital and other platforms that comprise the gig economy need to pay their fair share of taxes,” IRS Commissioner Danny Werfel said in a statement. “The world is getting smaller for tax cheats, and we will work collaboratively with our partners to vigorously enforce the nation’s tax laws.”
“We promise to squeeze the poor even harder”
I guess the poor should have voted.
Political process is captured, this is point just shifting blame on the poors while ignoring how shot works in reality.
Yeah sure they should vote more but ain’t shit gonna change from voting alone.
This happened under Biden, and you yell at people that vote third party, so who the ducks did you want us to vote for?
Under Biden…
https://www.cbsnews.com/news/irs-recovers-1-billion-from-wealthy-taxpayers-audit-increase/
Under Trump…
Hmmm. Who hurt the poor more? Who helped the rich more?
You forgot the news story you’re posting this under, as well as the two largest increases in the homeless population, which happened under Biden.
as long as they collect the taxes from the corps directly this would be fine. drop the bill on grubhub.
They won’t. This is only the companies reporting to IRS. However as long as they get away with calling it contracting work, it’s up to the individual
honestly they need to do it like gas and have the companies pay 100% so most folks don’t even need to fill out a tax form.
The problem is contract work is based on the assumption they are contracting out to a separate company to do their work. That company is responsible for paying its employees and doing their taxes properly. It really doesn’t fit gig work, but companies like uber have a big cost advantage by pretending it does.
yeah honestly they should not allow non w2 contract. If someone wants to independently contract they should need to form an llc. This would cut down on the bs as gig work would have to do w2 as there is no way to make it simple for the workers to all become llc’s.
It’s been known by employers for a while. I worked for an event catering gig for a summer or two and talking to the bosses they were well aware that the IRS was going from one gig in the state to another. For instance the year before my boss’s profession got hit, all of the places that hired golf caddies were audited all at once.
