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I would be willing to bet good money only a tiny percentage of people have income outside their employment. People who have real estate or bitcoin profits coul
by gozur88 10y ago
I would be willing to bet good money only a tiny percentage of people have income outside their employment. People who have real estate or bitcoin profits could always file an andendum.
- patio11 10y agoYou would lose that bet. 12 million Americans filed a Schedule D with $5k+ in capital gains in the last year the IRS has stats on. (That's 1 out of every 8 returns.) https://www.irs.gov/uac/soi-tax-stats-individual-income-tax-returns-publication-1304-complete-report#_pt1 https://www.irs.gov/uac/soi-tax-stats-individual-income-tax-... There are numerous other ways to have income outside of formal employment in the US. The most salient one for tax purposes is self-employment.
- gozur88 10y agoLet me amend to say "...only a tiny percentage of people have income the government doesn't already know about." Surely most of that capital gains stuff is stock and bond sales.