At least they can’t call this a “tax the rich” idea.
The reason for the $600 is, that’s the level of income for which a 1099 must be filed. This rule is going after the little people, who are self employed or have side hustles and do a lot of work “off the books.” It also goes after the people who use these people for work in order to save money over paying a large faceless organization. I know Bob, and I know Bob will come during his off hours, do a little work and charge me half of what a large company (that Bob used to work for) will charge. Bob will also get the job done sooner. Bob will also respond to a callback faster. I always add a tip to Bob’s bill.
Biden hates Bob and me.
I pay 43% Cap Gains...and then add property tax, fuel tax, this tax that tax....It's over 50% for me....