They are going after the underground income. People who deal in cash and barter. They will take an assessment of whether the reported income supports the lifestyle and impute an income. The taxpayer will get a bill. Good luck.
Thats for sure...
Ebay for example used to have an approved threshold of $20,000 before a 1099 was generated to the IRS. Thanks to some of the first FJB legislation, that number was reduced to $600.
Instant tax increase + onerous record keeping etc for the sellers.
Same thing CA did to attack the “gig” economy...NaziP musta liked it.
& if he has money left, he ha obviously not paid his fair share, especially if he voted incorrectly.