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 $600 in profit with a tax penalty.
But fuck fixing taxes to make billionaires and churches pay taxes… eat the people as they say.
If you resell tickets for 600$ in profit, you’re not “the people”, you’re a scalper and I have no sympathy for you. This is a good rule.
That’s just capitalists capitalizing. The IRS just wants a cut, not to stop it.
IRS isn’t in the business of stopping transactions (unless it’s money laundering) anyway
Agreed. Obviously, the tax code should be better enforced against wealthy people, but you can support one action without it meaning you don’t support another.
And as long as they ACTUALLY do both, then it doesn’t matter.
But they don’t.
So it does.
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On the other hand, if it’s worth your time to scalp tickets then you aren’t part of the upper class.
Edit: but I do agree, fuck scalpers
I’m not well-versed on the subject, but is ticket scalping not a large-scale business at this point? Like, yeah individual ticket holders can be opportunistic, but don’t bots buy tickets by the thousands as soon as they go on sale?
Most of those “businesses” are run by just one person, or maybe a few friends. And how much money do you really think they could be making?
With that logic, we can say scalpers are class traitors, then!
For real, most of the comments are about the scalpers but this is the only thing that stood out to me. The IRS has consistently shown they would rather net the little fish that can’t fight back than take down the whales. Another example of being beyond the law in this country if you have money.
Yeah, it’s cheaper than the big fish and the GOP has continuously underfunded the IRS. Their whole 2024 strategy is to make it look like the extra IRS agents from the Inflation Reduction Act are going after small folks instead of the big fish. Without those agents, lawyers, and staff the rich will always win with bigger guns.
Is it actually cheaper than the big fish though? You could have four people devote a full year to a single multi millionaire and you’d probably still net more than their annual pay. Hell even if you just matched it it’d be worth.
The little fish can’t afford a high priced lawyer. A big fish has several and can pay to keep the IRS busy fighting for years.
It is much cheaper. IIRC, the IRS went after Microsoft because they “sold” the Windows IP rights to a small CD/DVD printing factory in Mexico that MS used to print some installation discs, saving an absurd amount of money in taxes due to avoiding US taxes on the IP.
The IRS spent millions of dollars attempting to get MS to pay up. MS damaged the careers of the people in the government that gave the IRS the resources to go after MS, and cost the IRS an outrageous sum in legal fees.
Craziest part of it all: MS managed to get the laws the IRS was going after them on changed. Through political donations and lobbying, MS spent considerably more than the IRS was going after them for, to ensure the law was changed in MS’s favor.
I’m probably getting a lot of details wrong but there are news articles about it you can look up. The IRS hasn’t been given the resources to attempt any common sense obvious big wins since.
All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It’s not quite like flipping a switch but it’s relatively easy to comply with, and relatively easy to enforce. “Fixing taxes” is significantly more complicated, to say the least.
Whataboutism