The only ones for it are those with less than $600 in their bank account
$600 is WAY less than a mortgage payment, and even less than a lot of car payments. Some folks have that big a bill for cell phone service.
Just the sheer volume of these payments that are expected to be reported is staggering. Is there enough storage capacity on the vast array of government servers to HOLD all these transactions?
Let alone to retrieve it in any meaningful fashion.
Living on Soc Sec.
NO savings account
NO personal pension account
Pay bills once a month & leave about $20 in bank account.
Some bills I pay are over $600 ==
Property taxes
Property insurance
Vehicle repairs....
Not much to find & TAX in my life...and there are many people in this valley who have less than I have.