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Old 01-04-2023, 06:07 PM   #77
truckin 79
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Join Date: Jun 2014
Location: CO
Posts: 735
Re: PAYPAL IRS Requires Taxpayer ID for Sales over $600

I think like many laws that are enacted they are not thoroughly thought out. This would create hours and hours of work for the IRS not to mention they are already understaffed. I think the law will be changed from the 600 dollar threshold and probably stay as is 20,000. I understand paying/collecting taxes but going after the middle & lower class tax brackets to collect more money is misguided. People making millions of dollars and paying less then 13% is where the US tax code needs to be rewritten.
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