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It gets taxed the same as a single mom who works at Kroger during the pandemic. If you want to lower the taxes on single moms, increase child credits and raise
by rhino369 5y ago
It gets taxed the same as a single mom who works at Kroger during the pandemic.
If you want to lower the taxes on single moms, increase child credits and raise the 0% tax rate bracket to cover higher incomes. Simple. If there are tax reporting issues that make it hard for side-hustle self proprietors to claim real expenses, which could be the case, let us fix it.
But not reporting this income just because it was on a payment processor is just helping people cheating their taxes regardless of income level. That's not okay just because some of them are single moms.