i_understand

@i_understand@mastodon.social

• ⁨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 ⁨⁨1⁩ ⁨year⁩ ago⁩:

  @Squizzy

  Probably not if you don't understand the roles of monetary and fiscal policy.

  https://www.investopedia.com/ask/answers/100314/whats-difference-between-monetary-policy-and-fiscal-policy.asp

• ⁨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 ⁨⁨1⁩ ⁨year⁩ ago⁩:

  @Squizzy @sudo22

  Taxation is just a means for the Government to take money out of the system.

  Given how our Federal Reserve bank functions (creating and destroying currency with ledger entries), I'm not convinced income tax is really a necessity.

• ⁨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 ⁨⁨1⁩ ⁨year⁩ ago⁩:

  @lightnsfw @Squizzy

  You're assuming your income would remain the same even if it wasn't taxed.

  That's a poor assumption to make.