It’s not just transactions. $600 is the lower limit on taxable income. I used to do food delivery and if you make under $600 for the year it’s not reported and not taxable. You’re supposed to report any income over $600. Obviously a gift from your family you can hide “under the table” but you always risk being audited if anything strange is noticed.
sudo22@lemmy.world 9 months ago
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.
canthidium@lemmy.world 9 months ago
zoe@infosec.pub 9 months ago
people would downvote u with no counter-argument to present. Lemmy is full of single digit iq NPCs
sudo22@lemmy.world 9 months ago
I think most of those people don’t understand what the $600 rule is and instead thought I was saying scalpers shouldn’t be taxed on their ill gotten profits.
orgrinrt@lemmy.world 9 months ago
Personally I think it fair enough that government tracks larger undocumented transactions, but maybe the 600 is a bit low a threshold not to affect common people too much.
I see your point, but I am from Northern Europe, and “governmental overreach” has a very different meaning to me than this. Especially the tracking side seems absolutely understandable for larger sums, but I am in favor of a heavy, regulating government, so I believe there are ways to make that threshold and rules as to who and why has to actually get taxed for the transaction, a fair enough and just construct among others very much needed.
zoe@infosec.pub 9 months ago
multinationals should be banned from making subsidiaries in tax heavens (for exemple, Ireland) The Irs knows this but lobbying money prohibits them from achieving anything substiantial
zoe@infosec.pub 9 months ago
so many people are uninformed and overly biaised
Squizzy@lemmy.world 9 months ago
Already paid tax thing is not applicable, it’s literally how taxation works. The government gets their share at each point. Everytime a taxable good changes hands, with exception, the tax is applied again.
sudo22@lemmy.world 9 months ago
I know that’s how it works. I’m complaining because the way it works is bullshit.
Squizzy@lemmy.world 9 months ago
Well taxation is completely necessary unless you have a steady stream of cash flowing into the government from another source, which almost no country has and no country will have indefinitely.
We can argue about rates and cut offs but taxation in general is not a bad system
sudo22@lemmy.world 9 months ago
Never said it was a bad system in general. But as a normal citizen not engaging in business I think paying taxes possibly 4 times (federal income tax, state income tax, sales tax when first bought new, sales tax when sold as used) on the same item is wrong.
lightnsfw@reddthat.com 9 months ago
Taxation is bullshit when it causes your standard of living to be significantly lower than it would be without taxation. I could be living comfortably right now instead of scraping by if the government didn’t have it’s hand in my pocket at every turn. Tax the people who have money to spare.
And now that I’ve typed all that I actually read the last part you said about rates and cutoffs… I’m gonna leave this here anyway since typing it got some of the angry out of me.
i_understand@mastodon.social 9 months ago
tja@sh.itjust.works 9 months ago
Why? Isn’t the person selling the tickets for a $600 profit there one squeezing money from the common people?
Khaelas@lemmy.world 9 months ago
If corporations paid the way they should the country would be in a lot less money issues than it is.
Here in the UK it’s often talked about and people get angry about Bob the builder doing cash only work and not paying his taxes. Just another plan from the government and media to cause in fighting rather than look at the real issue, big corps.
But also fuck scalpers so I’m torn.
jmcs@discuss.tchncs.de 9 months ago
Speculative profits should be heavily taxed, it doesn’t matter if it’s done by old money that runs the big corporation or by middle class people that are as morally bankrupt. Scalpers and oligarchs are just two strains of the same virus.
Stumblinbear@pawb.social 9 months ago
Hard disagree. They’d just spend significantly more.
sudo22@lemmy.world 9 months ago
Yes? I’m against both of the parties in my comment. Maybe I made it sound like I’m in the scalpers side with my tax complaints, I’m not. I just don’t want this government overreach to be placed in a positive light just because its also affecting people we hate.
perspectiveshifting@sh.itjust.works 9 months ago
Yeah as a small time gigging musician, fuck scalpers and also fuck government overreach here. Anything that hurts scalpers (in all fields, but tickets especially) is interesting to me and the average concert goer, but if it comes at the cost of broadly limiting the used music gear market, among thousands of other used equipment communities, it’s misdirected legislature at best.
The companies and systems that enable scalping and customer extortion such as Live Nation absolutely need to be limited and restricted, but setting a broad limit across all secondhand sales at $600 when it was previously $20,000 is an inaccurate miscorrection. More informed and nuanced legislature is necessary
timmy_dean_sausage@lemmy.world 9 months ago
To add a bit more context to this for the unaware: LiveNation is the umbrella Corp that owns TicketMaster as well as over 70% (IIRC) of the live music industry in the U.S. They’re making a killing on tickets, alcohol sales, backend software licensing, and many different artist/event management firms. They also pay their employees the lowest wages relative to the rest of the live music industry, which was already a vastly underpaid industry before Live Nation came to power in the 2010’s. Further, the CEO’s salary increased by 1000% between 2019 and 2023 while the peasants got a meaningless raise from pre-inflation starvation wages to post-inflation starvation wages. They’re the epitome of an exploitative monopoly, at every level.
Source: Current part time employee of LiveNation and 14 year veteran of the live music industry.
A list of their subsidiaries: …livenationentertainment.com/…/dex211.htm?TB_ifra…