Post by The Resister on Sept 30, 2023 15:26:30 GMT
I was channel hopping yesterday and there was a story about ticket scalping. Ticket scalping occurs when someone buys up concert or sporting tickets and marks them up for resale. In this segment, they talked about how the IRS is going to stop ticket scalping plus end the underground economy. In the past we have had the luxury of having 200 financial transactions and 20 grand in passive income before having to report it to the IRS. As the IRS agent explained the IRS will now require you to report and tax all financial transactions once you hit the $600 per year threshold.
The method that they will use is to monitor your bank accounts and other financial transfers like Zelle, Paypal, etc. Now, I'd like for you to think about this and consider carefully what this thread is about.
Suppose that you go to the store and buy something that you end up not liking for whatever reason. It's now either used or past the time you can return it. You decide to sell it and recoup some of your money. Well well. Welcome to the world of income. I'm just thinking out loud here, but if I work a job, they tax me. Then they tax me for the car I drive, the gas to get and from work, maintenance, etc. When I shop for something, the gas I burn going to stores is taxed. The product I purchase is taxed. But then I sell it and that's income? Really?
Let me give you another scenario: Suppose that you take money out of the bank. Let's say you want to buy your spouse a gift, but don't want them to know where you are shopping. In the end you don't spend all the money so you deposit it back into the bank. That is now income. Let's try another scenario: You cash a check for a friend or relative. THAT is income. Think not? That actually happened to the late Herman Cain, former radio talk show host and one time presidential candidate. The IRS took him to court after he cashed his check, took out some cash and later deposited it because he didn't spend it as intended.
The IRS is hiring 87,000 agents to make sure that every time a dollar changes hands, it is taxed. That means an end to the underground economy. When we think about the globalist takeover of America, cashless transactions and our need to survive off the grid and do business without government intervention, this can't be a good thing. So, what good does it do for me to complain if I didn't come here with a possible solution?
Many people once reclaimed their Preamble status under the Constitution and rescinded their Socialist Surveillance Number ... I mean "Social Security Number." They are really off the grid. But, maybe you think you can't live like that. Then what? Now may be the time to ditch your debit and credit cards. Opt for Federal Reserve Notes (aka cash.) Also this may signal the time when we resort to using gold, silver and other things of value as a medium of exchange. Destroying what the IRS calls passive income will destroy America. I'd like to know what others think. In the meantime, you may want to see this regarding the income tax:
The method that they will use is to monitor your bank accounts and other financial transfers like Zelle, Paypal, etc. Now, I'd like for you to think about this and consider carefully what this thread is about.
Suppose that you go to the store and buy something that you end up not liking for whatever reason. It's now either used or past the time you can return it. You decide to sell it and recoup some of your money. Well well. Welcome to the world of income. I'm just thinking out loud here, but if I work a job, they tax me. Then they tax me for the car I drive, the gas to get and from work, maintenance, etc. When I shop for something, the gas I burn going to stores is taxed. The product I purchase is taxed. But then I sell it and that's income? Really?
Let me give you another scenario: Suppose that you take money out of the bank. Let's say you want to buy your spouse a gift, but don't want them to know where you are shopping. In the end you don't spend all the money so you deposit it back into the bank. That is now income. Let's try another scenario: You cash a check for a friend or relative. THAT is income. Think not? That actually happened to the late Herman Cain, former radio talk show host and one time presidential candidate. The IRS took him to court after he cashed his check, took out some cash and later deposited it because he didn't spend it as intended.
The IRS is hiring 87,000 agents to make sure that every time a dollar changes hands, it is taxed. That means an end to the underground economy. When we think about the globalist takeover of America, cashless transactions and our need to survive off the grid and do business without government intervention, this can't be a good thing. So, what good does it do for me to complain if I didn't come here with a possible solution?
Many people once reclaimed their Preamble status under the Constitution and rescinded their Socialist Surveillance Number ... I mean "Social Security Number." They are really off the grid. But, maybe you think you can't live like that. Then what? Now may be the time to ditch your debit and credit cards. Opt for Federal Reserve Notes (aka cash.) Also this may signal the time when we resort to using gold, silver and other things of value as a medium of exchange. Destroying what the IRS calls passive income will destroy America. I'd like to know what others think. In the meantime, you may want to see this regarding the income tax:
