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

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solstice@lemmy.world ⁨1⁩ ⁨year⁩ ago

All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It’s not quite like flipping a switch but it’s relatively easy to comply with, and relatively easy to enforce. “Fixing taxes” is significantly more complicated, to say the least.

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