Paypal, Venmo, other payment apps must report transactions> $600 to IRS as of 1/1/22

[Knightrofins]

this is your guys handy work

Incorrect

Same thing occurred under Trump
Same thing occurred under Trump
Same thing occurred under Obama
Same thing happened under GWB
I assume same thing happened under prior presidents as well but not certain when it started

 

[Knightrofins]

Dang l just withdrew $2200 via bitcoin via cash app. Will use voyager next time. Now my buddy who lives in Vegas doesn’t play video poker any more. According to him when the GOP passed their tax reform for the rich he can no longer claim his loses to offset his winnings. He states it would screw up his social security as he’s not 66 and can only earn X amount of money a year.

Not true.

gambling income is not “earned income” unless he is a professional gambler

 

[Biggins]

But the ghetto ass people can sit in front of the machines all day with unemployment $$$$$

AMAZING

Not true.

gambling income is not “earned income” unless he is a professional gambler

When you hit a royal you must sign for it. Anything over 250-1 or some crap like that. I’ve had to sign at the race track more than a few times.

 

[Willie99]

Dang l just withdrew $2200 via bitcoin via cash app. Will use voyager next time. Now my buddy who lives in Vegas doesn’t play video poker any more. According to him when the GOP passed their tax reform for the rich he can no longer claim his loses to offset his winnings. He states it would screw up his social security as he’s not 66 and can only earn X amount of money a year.

1) Trump tax cuts benefited the lower and middle classes SUBSTANTIALLY. I know this based on first hand experience. But you don't to the believe me, the IRS says so themselves

2) Trump DID NOT take away gambling loss deductions

3) Trump DID NOT change the way gambling winnings impact the taxation of social security

4) just to make sure I cover all bases, gambling winnings DO NOT impact social security benefits

This is how the democratic media misinforms people

Nothing your buddy said us true

 

[Willie99]

Incorrect

Same thing occurred under Trump
Same thing occurred under Trump
Same thing occurred under Obama
Same thing happened under GWB
I assume same thing happened under prior presidents as well but not certain when it started

That's funny

Trump made electronic trasaction agencies report $ 600 worth of transactions to the IRS? Seriously? Not remotely accurate

Next thing you know, you're going to tell us Trump wanted to trace all banking transactions too. Just like the Democrats are trying to do today

Maybe Trump hired 80,000 IRS agents too. Y'know, to grow the economy by increasing the costs of doing business

C'mon man, you can't say this shit around me. There are huge differences between the parties

 

[metro]

Incorrect

Same thing occurred under Trump
Same thing occurred under Trump
Same thing occurred under Obama
Same thing happened under GWB
I assume same thing happened under prior presidents as well but not certain when it started

That's funny

Trump made electronic trasaction agencies report $ 600 worth of transactions to the IRS? Seriously? Not remotely accurate

Next thing you know, you're going to tell us Trump wanted to trace all banking transactions too. Just like the Democrats are trying to do today

Maybe Trump hired 80,000 IRS agents too. Y'know, to grow the economy by increasing the costs of doing business

C'mon man, you can't say this shit around me. There are huge differences between the parties

That's funny

Trump made electronic trasaction agencies report $ 600 worth of transactions to the IRS? Seriously? Not remotely accurate

Next thing you know, you're going to tell us Trump wanted to trace all banking transactions too. Just like the Democrats are trying to do today

Maybe Trump hired 80,000 IRS agents too. Y'know, to grow the economy by increasing the costs of doing business

C'mon man, you can't say this shit around me. There are huge differences between the parties

 

[metro]

god damn Willie , Thank YOU

 

[metro]

Willie, he seems like a smart guy on most topics but can you believe
he is in DeSantis country and sabotaging him for Biden ?

what an ungrateful piece of shit you are knight

tell us the story again about the 2 friends of your who died un vaxxed and their wife and children
confided in you that they weren't impressed with their fathers anti vax stand

your a fucking idiot .. totally ignoring early treatment that DeSantis has gotten and saved many
lives and your gay lord is sabotaging that ..

your such a pussy .. id love to ask you to take a step outside and give you the dirty fucking beating you deserve

 

[metro]

lucky for you that won't happen .. because of logistics and because one glance at me you will see I aint playing
that queer game with you faggots and you will exit stage left with the fucking quickness

 

[KennyB]

I have been getting W2Gs for years but the capital gains rate has gotten higher.

 

[Knightrofins]

That's funny

Trump made electronic trasaction agencies report $ 600 worth of transactions to the IRS? Seriously? Not remotely accurate

Next thing you know, you're going to tell us Trump wanted to trace all banking transactions too. Just like the Democrats are trying to do today

Maybe Trump hired 80,000 IRS agents too. Y'know, to grow the economy by increasing the costs of doing business

C'mon man, you can't say this shit around me. There are huge differences between the parties

I’m just responding to Kenny receiving a W2G for his video poker winnings.
NOT the $600 PayPal transactions

 

[Knightrofins]

Willie, he seems like a smart guy on most topics but can you believe
he is in DeSantis country and sabotaging him for Biden ?

what an ungrateful piece of shit you are knight

tell us the story again about the 2 friends of your who died un vaxxed and their wife and children
confided in you that they weren't impressed with their fathers anti vax stand

your a fucking idiot .. totally ignoring early treatment that DeSantis has gotten and saved many
lives and your gay lord is sabotaging that ..

your such a pussy .. id love to ask you to take a step outside and give you the dirty fucking beating you deserve

Thanks for threatening violence on me!!

 

[Willie99]

I’m just responding to Kenny receiving a W2G for his video poker winnings.
NOT the $600 PayPal transactions

Sorry

 

[StevieRay]

 

[raiders72]

and Biden said he's only going after the rich. Let's go Brandon.

 

[brendanjack]

Willie, he seems like a smart guy on most topics but can you believe
he is in DeSantis country and sabotaging him for Biden ?

what an ungrateful piece of shit you are knight

tell us the story again about the 2 friends of your who died un vaxxed and their wife and children
confided in you that they weren't impressed with their fathers anti vax stand

your a fucking idiot .. totally ignoring early treatment that DeSantis has gotten and saved many
lives and your gay lord is sabotaging that ..

your such a pussy .. id love to ask you to take a step outside and give you the dirty fucking beating you deserve

Wow who pissed in your corn flakes .?

 

[KennyB]

$1,200 is the W2G number. They talked about lowering it to $600 but it never happened. My objection is that Biden has increased the capital gains tax. If I win $1,200, I owe the IRS $432 out of that $1,200.

 

[brendanjack]

$1,200 is the W2G number. They talked about lowering it to $600 but it never happened. My objection is that Biden has increased the capital gains tax. If I win $1,200, I owe the IRS $432 out of that $1,200.

That is insane . Makes the moffia look like childsplay

 

[Knightrofins]

I have been getting W2Gs for years but the capital gains rate has gotten higher.

$1,200 is the W2G number. They talked about lowering it to $600 but it never happened. My objection is that Biden has increased the capital gains tax. If I win $1,200, I owe the IRS $432 out of that $1,200.

The $1,200 isnt capital gains. Its treated as ordinary income

If you itemize, you can write off your gambling losses against your gambling income

Long story short, your income will get jacked up (which could F you on other stuff) but you shouldnt get taxed that much more (if any)

 

[Biggins]

The $1,200 isnt capital gains. Its treated as ordinary income

If you itemize, you can write off your gambling losses against your gambling income

Long story short, your income will get jacked up (which could F you on other stuff) but you shouldnt get taxed that much more (if any)

Chump change these trumptards just like to bitch. Ever seen the bumper sticker "Mean people suck".