> (ie. You now have to pay an additional tax on more than 600$ worth of ebay sales. This was snuck into the relief bill.)
No, that is not a recent addition to tax liabilities. You have always had to pay tax on income. The only difference is eBay (and other facilitators) are required to report it now.
Its still closing a unofficial loophole that lower income people relied on. That counts as part of the war to extract every last penny on the poor.
There are a lot of other nefarious things in the bill such as requiring manufacturers to install a device to monitor the driver if they are impaired(beyond 2026). This will lead to fines that will lead to further eroding of what little wealth the poor already have left. Was very smart of them to introduce it far off into the future so it can be slowly integrated into people new car purchases. This is why I believe the addition of the 600$ reporting requirement was no innocent ploy to just shore up this revenue stream. It was purposely introduced at an opportune time.
It's not a loophole it's tax fraud. Not reporting your income does not make it legal. In the end if your income is low enough you'll mostly be offset by the standard deduction anyway.
>In the end if your income is low enough you'll mostly be offset by the standard deduction anyway.
The point was that it is another barrier introduced to extract as much value from the lower classes as possible. In fact you had missed the original point completely.
No, that is not a recent addition to tax liabilities. You have always had to pay tax on income. The only difference is eBay (and other facilitators) are required to report it now.