I’m not making Odungface’s illegitimate, corrupt thugs any richer. I talked to several friends about this last night and they are all going to insist renters pay in cash and give them a discount for doing so. 99% would rather pay in cash, no receipt given, than pay more and pay the tax. Some already do insist on cash and no more leases. Nothing on paper, nothing that can be proved. What he will create is a totally underground market.
Soon he will have us spying against each other, offering rewards to turn our friends in. The IRS will be used to compare utility bills to rents shown on Schedule E.
Isn’t there something in obamacare that says you have to send a 1099 to almost everyone? Landlords might be getting 1099’s from their tenants.