I don't know, just a theory. I still think the whole complicated process is stupid and they should just give you a number at the end of the year.
I don't know, just a theory. I still think the whole complicated process is stupid and they should just give you a number at the end of the year.
I did have basically the same thought as you, that not showing you the info means you're tempted to hide it. However, even if somebody is late reporting the info to the IRS, you're still liable. And the opportunity to hide income is gradually being reduced: eBay is sending 1099s [0] if you sell enough there, so is Amazon [1] and even Facebook Marketplace [2] for sales through them (as opposed to meeting in person and using cash).
If people use Venmo or Zelle, that's trackable. Maybe the IRS isn't using it today but some day.
[0] https://www.ebay.com/help/selling/fees-credits-invoices/ebay... [1] https://sellercentral.amazon.com/help/hub/reference/external... [2] https://www.facebook.com/business/help/970063599855691?id=54...
But the IRS is the government. It isn't here to make money. They aren't supposed to be working against the citizens.
France is only 70M people and HK makes a tax profit every year with 8M people, sure. We re not the strong and beautiful United States, but if us shithole countries can tell people an estimate they can touch up, the US can as well Im sure.
I thought before that the US was some sort of capital friendly country until I made a franco american friend who had to pay taxes there and Hong Kong. He had a guy hired and it seemed a complete nightmare. He worked as a low level programmer there for 3 years 15 years ago and nothing else. Still needs an accountant to do his taxes :s
you may have HN confused for reddit, you'll find very little american patriotism here