If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty

Somehow I doubt this will affect Ticketmaster, the biggest scalper of all

Fuck scalpers

But fuck fixing taxes to make billionaires and churches pay taxes.. eat the people as they say.

The IRS doesn't care if you do crime or are exploitative or are morally bad

They just want their cut

Edit: grammar

let's make the threshold $60 instead of $600

people who resold tickets bad, ticketmaster who fixes prices good! win-win situation ?

maybe they could go after ticketmaster's near monopoly and constant breakage of agreements with gov. branches? just a thought

Scalpers are predators, and captive markets like Ticketmaster give them a hunting ground.

Wait, someone paid more than $600 for a fucking concert?

I mean, technically there's no new tax or anything here, they're just forcing companies to report the income so people can't get away with not paying their taxes on the profit. Now if only they'd enforce the tax laws on rich people, they'd easily make way more than this whole scheme will make by targeting a single billionaire.

Scalpers are absolutely the worst.

I pay my taxes and you should, too. I have no sympathy in general for people not reporting income from PayPal etc, but I'm struggling to think of a less sympathetic subgroup of tax frauds than ticket scalpers. They're not getting special treatment here, it's any 1099 income via the payment apps, but I really wish that wasn't the case. These crooks should be taxed out of business.

Punishment? Huh, didn't know the tax man doesn't want me to make money.

modern problems, modern solutions

Wtf! People actually pay top $ for this? Fucking stupid 9-5s !! Just my 2 cent: 9-5 aka regulars are really important for the economy , without them the economy will crash but also 9-5s are not important because paying them living wage or paying them more can actually shift the balance of power.

Fucking capitalists

No they won't unless you were selling in bulk.

Fuck the IRS, use monero. Or implement the single tax and disband the IRS. we all know that ~30+% of our money goes to taxes and that if you file incorrect you will go to jail. Just tax all purchases at 20% and be done with income tax, etc

Fuck scalpers, but I refuse to look at the $600 tax rule as anything other than a way for the government to squeeze money from and spy more on the common people.

Edit: to clarify I'm not rooting for the scalpers, I just don't want this governmental overreach to be put in a positive light just because its also affecting people we rightfully hate.

For those that don't know. The $600 tax rule is a requirement that Zelle, Venmo, etc must report transactions over $600 to the government so they can be taxed. Get a $600 graduation gift from grandma? Taxed. Get $1000 from your roommates to pay rent? You now have to document and show that so its not taxed. Sell a bike (that you ALREADY paid sales tax on using money you ALREADY paid income tax on) for $800, would you look at that its going on the tax form.