Third-party payment processors like Venmo and PayPal must report business transactions to the IRS if they exceed $600 for the year. The payment apps were previously required to send users a 1099-K form if their gross income exceeded $20,000, or they had 200 separate transactions within a calendar year. But the new threshold is just $600. Critics warn that small businesses and low income and middle-class Americans are targeted. It is a “honey pot for audits.” These changes were created by the American Rescue Act of 2021, despite Joe Biden saying that no one under $400,000 would be targeted by his tax plan. Youtube personality Neil McCoy-Ward explained that this scheme is going to be used to bring in central bank digital currency (CBDC) and 87,000 new IRS hires are slated to force the new tax on the people.
Critics are sounding the alarm on the Internal Revenue Service significantly lowering the threshold for transaction reporting through payment apps, warning the change signals a new level of government overreach that targets small businesses and middle-class Americans.
The IRS issued a reminder last week to taxpayers who utilize third-party payment processors like Venmo and PayPal about changes to reporting income in an updated explainer on their website. These changes created by the American Rescue Act now require platforms to report any transaction over $600.
John Anthony Castro is running for president as a “Republican”, but has been accused of being a plant to fool voters. While Castro called for violence if Trump supporters riot, there is a dangerous history of Trump fans being beaten by the opposition when they showed peaceful support for Trump.
House Bill 1633 would prohibit retail establishments from requiring payment by credit card or a central bank digital currency (CBDC) during normal business hours. Retail establishments also could not legally prohibit the use of cash. State and local government entities would operate under similar rules.
FedNow is an instant payment processing system that seeks to be the base of all digital transactions. Centralized payment systems that monitor and record payments have been shown to be a gateway to a Central Bank Digital Currency (CBDC) digital dollar.
If enacted, SB 1558 would officially recognize gold and silver coins as legal tender and eliminate capital-gains taxes on gold and silver — thus bringing Texas closer to constitutional compliance and treating gold and silver as money.
The Zelensky regime is going to continue sending troops to die in Bakhmut, which has been described as a meat grinder. Italian Prime Minister Silvio Berlusconi said last month, “All [Zelensky] had to do was to stop attacking the two autonomous republics of the Donbass and this [war] would not have happened.”
Germany’s Minister of Health Karl Lauterbach, who supported mandatory COVID shots and once claimed that COVID-19 vaccination is free of side effects, admitted last week that he was wrong. He said adverse reactions occur at a rate of one in 10,000 doses and can cause “severe disabilities.”
The farmers’ BBB party opposes the government’s goal to buy farmers out and reduce livestock numbers by up to a third to help slash nitrogen emissions in half by 2030. Critics have pointed out that the regulations have caused food shortages and some people are unable to eat every day.
Gérard Fauré said Celine Dion’s mysterious degenerative illness was due to her abusive consumption of adrenochrome. He added that Yves St-Laurent and other people in the fashion industry were pedo criminals. When Fauré mentioned the name of France’s President Emmanuel Macron, the interview was cut short.
On March 14, 2023, an American reaper drone went down over the Black Sea, but Russian and US officials have different versions of what happened. War monger Senator Lindsey Graham said that if a Russian plane ever gets near another U.S. asset flying in international waters, their airplane would be shot down.
Greg Mannerino predicted that small regional banks that got “loans” from the Federal Reserve are failing in order to go up for sale and to be absorbed into the bigger banks at fire sale prices. He said that the Wall Street banks will stocks will rise.
In 2014, then Vice President Joe Biden stated: “These smugglers — and everyone should know it, and not turn a blind eye to it — these smugglers routinely engage in physical and sexual abuse, and extortion of these innocent, young women and men by and large.”
A recent survey found that most teachers (51%) are already using ChatGPT in schools and a number of students are using it for assignments. ChatGPT has passed many high-level exams, including the Wharton MBA exam, US medical licensing exam, several law exams and a final at Stanford Medical School.
A database showed that the Black Lives Matter (BLM) movement and related causes received an astonishing $82.9 billion from corporations. They asserted that the BLM pressure campaigns, harassment, and moral blackmail amounted to possibly the most lucrative shakedown of corporate America in its history.
In a joint statement on Sunday, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp. said they were taking action “that fully protects all depositors” at SVB and Signature Bank.
Susan Philip, MD, the health officer for the city and county of San Francisco, issued orders in February that healthcare workers to be vaccinated and, when eligible, to receive a booster. In addition, masks are also required for healthcare workers. Failure to comply is punishable by fine, imprisonment or both.
China continues to be the glaring exception to the ongoing global decline in coal plant development. China gets little push back from environmentalists and leftists despite the claim that coal is the fossil fuel most responsible for the climate crisis.
On March 2, 2023, Alberta Health Services issued new guidelines on COVID-19 vaccination stating that “All Albertans six months of age and older are eligible (to get COVID-19 vaccines).” A shocking revelation was hidden in the guidelines that Alberta has begun vaccinating children for COVID-19 without parental consent.
SVB $100 billion and invested it in government backed bonds locked away for 3 to 4 years at an interest rate of just 1.79%. SVB took a massive bet that the Federal Reserve was not going to raise interest rates as fast as they did, and when SVB turned out to be wrong, the bank was in a very dangerous position.
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Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
CBDC is ‘programmable’ and can control people’s spending. He said that CBDC will act as a digital coral and your money will be worthless outside of your zone, which is the 15-minute city model. Your money and your phone will only work in your city. CBDC must be resisted to maintain any shred of freedom.
Doesn’t this absurd PAPERWORK involved in the $600 trigger on IRS tax paperwork, VIOLATE the EXCESSIVE PAPERWORK LAW…?? ttyl
the 1099-K form violates the paperwork reduction act for not have a proper and valid OMB number. The OMB is and has been used for 20 plus years. Normal and lawfully OMB numbers can only be used for 3 years by law.
This is going to hurt a lot of Americans just trying to make ends meet after losing their jobs during the pandemic, etc.
CBDC (FedCoin) will administer exactly like a “government credit card” on a choke-leash, once introduced to acceptance by enough people..
..This bridge must never be crossed, no matter how initially “convenient” to use. Our 10’th Amendment guarantee of our states and citizens “ultimate sovereignty” will effectively be abolished.