{"id":461976,"date":"2022-06-13T02:02:29","date_gmt":"2022-06-12T23:02:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stop-siccing-the-irs-on-nannies-other-tiny-entrepreneurs\/"},"modified":"2022-06-13T02:02:29","modified_gmt":"2022-06-12T23:02:29","slug":"stop-siccing-the-irs-on-nannies-other-tiny-entrepreneurs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stop-siccing-the-irs-on-nannies-other-tiny-entrepreneurs\/","title":{"rendered":"#Stop siccing the IRS on nannies &#038; other tiny entrepreneurs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22fe36ca420\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22fe36ca420\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stop-siccing-the-irs-on-nannies-other-tiny-entrepreneurs\/#%E2%80%9CStop_siccing_the_IRS_on_nannies_other_tiny_entrepreneurs%E2%80%9D\" >&#8220;Stop siccing the IRS on nannies &#038; other tiny entrepreneurs&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CStop_siccing_the_IRS_on_nannies_other_tiny_entrepreneurs%E2%80%9D\"><\/span>&#8220;Stop siccing the IRS on nannies &#038; other tiny entrepreneurs&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/irs-sign.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Etsy, eBay and smaller retailers are fighting to repeal the new law that forces anyone who gets more than $600 a year in \u201cbusiness\u201d payments via Venmo, PayPal or other third-party payment services to report each transaction to the IRS. As we\u2019ve noted, that got lowered from a $20,000 threshold when Democrats (only) rammed through President Joe Biden\u2019s American Rescue Plan last year. <\/p>\n<p>Some \u201crescue,\u201d especially from a party that claims to want to target the <em>rich<\/em>.<\/p>\n<p>This, as the White House <em>still <\/em>seeks $80 billion a year to hire 87,000 new \u201crevenuers\u201d to conduct more audits. <\/p>\n<p>Think about this the next time Elizabeth Warren and AOC whine about the wealthy not paying their share. Yet the legislation they passed goes after hobbyists and little folks trying to earn a few bucks in various side hustles. It\u2019s only going to punish the US economy a bit more: Some will have to charge more to make the work worthwhile; others will quit now that it means more paperwork and taxes. <\/p>\n<p>Which means that a tiny outfit that could\u2019ve grown into a larger one (say, actually doing $20,000 in sales) never will.<\/p>\n<p>Note that this won\u2019t just slam people selling crafts or memorabilia, but odd-job handymen, kids mowing lawns and even nannies. So their customers will suffer, too.<\/p>\n<p>One nanny told The Post she\u2019ll reconsider working weekends if she has to \u201cpay a bunch of taxes\u201d on that income: \u201cI love being freelance but a big part of why I love it is I can pocket extra money when I decide to work extra hours.\u201d<\/p>\n<p>Not anymore. Uncle Sam (or Uncle <em>Joe<\/em>) wants his cut. The Democrats think they\u2019re better at spending your money than you are.<\/p>\n<p>No way is the trivial added federal revenue worth the burden imposed here. <\/p>\n<p>With inflation raging and gas now above $5 a gallon, the president should wake up: Apologize for this idiocy, tell the IRS not to waste resources enforcing it and call for its im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te repeal.<\/p>\n<p>Do <em>something<\/em> for the hustling little guy, Joe.\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/12\/stop-siccing-the-irs-on-nannies-other-tiny-entrepreneurs\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Stop siccing the IRS on nannies &#038; other tiny entrepreneurs&#8221; Etsy, eBay and smaller retailers are fighting to repeal the new law that forces anyone who gets more than $600 a year in \u201cbusiness\u201d payments via Venmo, PayPal or other third-party payment services to report each transaction to the IRS. As we\u2019ve noted, that got&#8230;<\/p>\n","protected":false},"author":1,"featured_media":461977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/irs-sign.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[76574,130254,10701,43,73434,991,71083,46483,102803],"class_list":["post-461976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-paypal","tag-6-12-22","tag-democrats","tag-editorial","tag-irs","tag-joe-biden","tag-small-business","tag-taxes","tag-venmo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=461976"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/461976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/461977"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=461976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=461976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=461976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}