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  • Team Biden is using the IRS to attack the gig economy

    12/06/2022 7:52:48 AM PST · by george76 · 29 replies
    New York Post ^ | December 5, 2022 | Glenn H. Reynolds
    Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” The Biden administration is recruiting 87,000 IRS agents, allegedly to keep an eye on billionaires. .. aiming at the little fish of the gig economy instead. Taking payments for a side hustle via PayPal or Venmo? Not only is the IRS reminding you those payments are taxable income, it’s deputizing those payment companies to snitch on you. ... But wait — it gets worse. People get payments through these companies for...