Comment on 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

Holyhandgrenade@lemmy.world ⁨1⁩ ⁨year⁩ ago

• jcit878@lemmy.world ⁨1⁩ ⁨year⁩ ago

  er, by default any profit is taxable for them while as a lemming you get a tax free $600 profit before it impacts you

  but fuck ticketmaster anyway

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  • sndrtj@feddit.nl ⁨1⁩ ⁨year⁩ ago

    I’m pretty sure they pay effectively zero tax because they found some interesting ways to make their profit appear 0 on paper.

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    • eek2121@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I own a business and can agree with this statement.

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• Viking_Hippie@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Of course not. The system is specifically designed by and for the rich and powerful so that they get away with everything while regular people get punished for nothing.

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• tenextrathrills@lemmynsfw.com ⁨1⁩ ⁨year⁩ ago

  I don’t understand what your point is. Of course this doesn’t impact Ticketmaster. They already pay taxes on income generated from selling tickets, so nothing changes. I can’t tell if you’re just saying dumb shit to get upvotes from other idiots or truly don’t have a clue.

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