The ole saying… Oh Ben Franklin how you have aged so well
I know they’ve said they don’t have the capacity to take on the really big tax cheats (ie the same people that pay lobbyists and gift politicians with trips and gifts), but recovering one or two of their dodged taxes alone would probably cover every gig worker who’s ever underpaid taxes.
Of course, that would only make sense if you thought the IRS’ primary function was to fairly enforce taxation and mutual support of our shared govt—whereas the older I get, the more it seems to me that it serves as a social disciplining function and a lever to adjust social mobility. If your have enough money, you never have to worry about them.
Previously, gig platforms only had to report information to the IRS for workers who earned more than $20,000 and completed at least 200 transactions. The new thresholds are designed to make it harder for gig workers to avoid paying taxes on their income.
“Like their fellow Americans who earn income through traditional means, U.S. taxpayers who earn income from digital and other platforms that comprise the gig economy need to pay their fair share of taxes,” IRS Commissioner Danny Werfel said in a statement. “The world is getting smaller for tax cheats, and we will work collaboratively with our partners to vigorously enforce the nation’s tax laws.”
as long as they collect the taxes from the corps directly this would be fine. drop the bill on grubhub.
They won’t. This is only the companies reporting to IRS. However as long as they get away with calling it contracting work, it’s up to the individual
honestly they need to do it like gas and have the companies pay 100% so most folks don’t even need to fill out a tax form.
The problem is contract work is based on the assumption they are contracting out to a separate company to do their work. That company is responsible for paying its employees and doing their taxes properly. It really doesn’t fit gig work, but companies like uber have a big cost advantage by pretending it does.
yeah honestly they should not allow non w2 contract. If someone wants to independently contract they should need to form an llc. This would cut down on the bs as gig work would have to do w2 as there is no way to make it simple for the workers to all become llc’s.
Ah I see, being poor is just not good enough so you had to be poor and hustle. But then even then it was not good enough so now we have this, I guess be poor, hustle AND make sure to report every dime to the tax man.
And the cost of this “crack down”? Doubt the Gig workers could even cover it, and just one billionaire getting full taxed would likely dwarf both.