kelsea Posted September 30, 2023 Posted September 30, 2023 Yeah, because the Taylor Swift fans who sold their tickets for some extra running around money are really the people the IRS needs to go after... 4
Daddy Posted September 30, 2023 Posted September 30, 2023 Performative. Jail your billionaires, 'murica! 4
queenoftheclouds Posted September 30, 2023 Posted September 30, 2023 If the Tickets aren't already expensive?
byzantium Posted September 30, 2023 Posted September 30, 2023 If you sell a ticket for over $600 and make a lot of money, that is income and you are legally obligated to report that. It’s the law… 3
moo Posted September 30, 2023 Posted September 30, 2023 (edited) This doesn't specifically target ticket resale, but any account on payment services such as PayPal, Venmo etc. with transactions totaling over $600 per year. The threshold at which these services were previously required to file 1099 paperwork was $20,000. Professional scalpers routinely exceed that value so this change does not affect them. It really just ends up targeting small time sellers looking to supplement their income, and yes, fans who choose to sell their tickets for whatever reason. This is not the IRS going after scalpers or closing tax loopholes on billionaires, it's just making life more difficult and expensive for the plebs. Edited September 30, 2023 by moo 7
omni Posted September 30, 2023 Posted September 30, 2023 (edited) Tax the scalpers Edited September 30, 2023 by omni 1
truthteller Posted September 30, 2023 Posted September 30, 2023 (edited) Quote ‘Taylor Tax’ on Taylor Swift fans who choose to resell their tickets are now at risk of being audited by the IRS sounds like scalpers to me Edited September 30, 2023 by truthteller 1
Popboi. Posted September 30, 2023 Posted September 30, 2023 11 minutes ago, omni said: Tax the scalpers This. 1
liam13 Posted September 30, 2023 Posted September 30, 2023 most of those resellers are scalpers anyway
Communion Posted September 30, 2023 Posted September 30, 2023 1 minute ago, byzantium said: If you sell a ticket for over $600 and make a lot of money, that is income and you are legally obligated to report that. It’s the law… This. I don't know why people are being silly. It's one thing to be annoyed like when I grab an extra coffee for a coworker who said they'd pay me later and then I get taxed on the $5 I requested on Venmo cause the coworker for some reason selected the "this is a good or service" option. It's another to essentially try and flip concert tickets for profits exceeding hundreds of dollars like as though you didn't just do so for the gain. 1
Mezik Posted September 30, 2023 Posted September 30, 2023 If you bought Taylor Swift tickets for the sole purpose of reselling them, than yeah you deserve to be taxed on the profits you accumulate.
Katamari Posted September 30, 2023 Posted September 30, 2023 Here for this hope scalping can be made illegal here soon
WhateverYouWant Posted September 30, 2023 Posted September 30, 2023 42 minutes ago, Mezik said: If you bought Taylor Swift tickets for the sole purpose of reselling them, than yeah you deserve to be taxed on the profits you accumulate. If you bought Taylor Swift tickets at the price their being sold for you deserve to be taxed. in all seriousness, this is dumb and they need to go after the rich 1
Patient Zero Posted September 30, 2023 Posted September 30, 2023 How can they be called Taylor Swift fans? They sound more like Shakira fans to me
waylon4ever Posted October 2, 2023 Posted October 2, 2023 Why are you all crying about it? This $600 rule was made by the Biden Administration and his goal of hiring 87,000 new agents to go after the middle class and poor.
If U Seek Amy Posted October 3, 2023 Posted October 3, 2023 Good lock up the thieves ruining live music
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