4 ms·
Instead every year, we pass laws moving further and further away from this: "Privacy and security should be a sort of digital human right". The government doe
by testfoobar 4y ago
Instead every year, we pass laws moving further and further away from this: "Privacy and security should be a sort of digital human right".
The government does not want you to maintain any privacy.
Last year the Biden White House and the Democratic Congress passed laws lowering reporting requirements of digital transactions to $600 - down from $20,000. So now if you receive >$600 of payments in Paypal/Venmo/etc., they will report it to the IRS. Also, they will demand your SSN because they need it to report to the IRS.
https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260 https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-...
https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Repor...