If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty
gizmodo.com
If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.
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It's super easy to implement, comply, and enforce this. Like almost automated levels of easy. It's significantly more complex and requires tons of resources and expertise to go after the whales as you say. Resources they just don't have. Resources that might be wasted if/when it turns out the taxpayer is fully compliant within reason.
It's not about double standards, it's purely logistics and resources - at least on the IRS side. Congress is responsible for their funding, or lack thereof, and it doesn't take long to figure out who's responsible for the lack of it. So I'd encourage you to focus your ire on the response political party, not the IRS itself.
Passing the buck in my opinion.
If you want to talk about political parties, each enable each other with their disgusting symbiotic relationship. The Democrats are just as responsible for being ineffectual and allowing the Republicans to enact their policies. They are responsible for losing to Trump in 2016. They are responsible for perpetually playing victim and pandering to voters like you, who are happy to be upset at just one side of the aisle, so they never have to actually be progressive or make any real changes that would upset their donors. It might feel good for you to vote for the lesser evil, but it does nothing; as evidenced by the last two decades. If voting actually changed anything, they would make it illegal.
Right, well, anyway, the IRS budget just got a huge increase under the Biden administration new budget. They're finally hiring a ton of new agents and updating their ancient tech etc. The R party fought tooth and nail against this and there's an active smear campaign to make the average person afraid they're coming after you. R's managed to reduce the budget increase which is going to reduce the IRS ability to go after the whales, as you were griping about in your original post.
I don't see any evidence that they would target the whales given proper funding. Your argument hinges on that and it has no basis as far as I've seen.
https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts
Believe me when I tell you a partnership with $10b assets is insane. Auditing that is extremely labor intensive and requires a ton of highly specialized skills and that all requires resources.
There's really nothing left to argue here so please just take this at face value and move on.