Congress

Biden's 'Rescue Plan' Will Sic the IRS on Anyone Who Earns $600 in the Gig Economy

What does this have to do with the pandemic? Nothing.

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Uber drivers, Etsy sellers, and others who earn income through the gig economy could get a nasty surprise from the $1.9 trillion emergency spending bill signed by President Joe Biden on Thursday.

Buried inside the 600-page bill that's ostensibly meant to provide pandemic relief is a provision requiring gig economy platforms to report information to the IRS about all users who earn at least $600 in a year. Previously, platforms were only required to provide the IRS with information on users who made at least 200 transactions or earned at least $20,000.*

The tightening of the reporting requirements means a lot more paperwork and tax compliance requirements for platforms. It also means more tax headaches for anyone who might use those platforms to earn a little extra cash. Anyone earning a sizable income via rental properties on Airbnb was already covered by the old rules, meaning this change will only affect low earners. Now, even the sale of a single expensive piece of old furniture on eBay or running deliveries for Uber Eats in your spare time might trigger the new reporting requirements.

"We believe this provision will create unexpected challenges for small business owners and entrepreneurs," a coalition of trade groups and businesses, including online DIY marketplace Etsy, wrote in a letter urging members of Congress to reject the proposed change. "In a year in which small business owners and entrepreneurs are dealing with a myriad of challenges, making this change would place a burden on small business owners and entrepreneurs and further complicate an already challenging tax season for small business and entrepreneurs."

Tightening the reporting requirements is being sold as a way to crack down on tax cheating. Politico reports that House Democrats believe the change will generate about $8.4 billion over 10 years—but that's a drop in the bucket compared to the $1.9 trillion bill.

There's reason to doubt that even those paltry revenue figures will become reality. Nina Olson, a former head of the IRS taxpayer advocacy office, told Roll Call that gig workers earning a few hundred bucks are unlikely to pay up no matter what.

The big difference is that now the IRS will have their personal information and can go after them.

"Workers who are under-reporting their income now will become guilty of nonpayment next year and subject to penalties and actions by the agency," Olson told Roll Call, adding that an IRS collection action "can destroy a person's life."

Americans for Tax Reform, a conservative think tank that opposes tax increases, notes that the change to income reporting requirements for gig workers—whose income is reported on IRS form 1099-K—bears a striking resemblance to a widely loathed tax originally included in the Affordable Care Act when it was first passed in 2010. That provision, which required businesses to report all purchases of more than $600 to the IRS via the 1099 system, created huge headaches for small businesses and was repealed in bipartisan fashion just a year after Obamacare became law.

The new reporting requirements are likely to be just as big of a mess for gig economy platforms and the independent contractors who use them.

If all of this seems like it has virtually nothing to do with the COVID-19 pandemic, then it actually has a lot in common with the rest of the American Rescue Plan Act of 2021. From bailing out private pension plans to throwing money at states that don't need the aid, Biden's first major legislative initiative is a mishmash of Democratic policy priorities and excessive spending, with a dash of actual pandemic relief on the side—only about 5 percent of the bill's $1.9 trillion price tag is earmarked for public health efforts.

Congress and Biden just agreed to spend $1.9 trillion the country doesn't have, but don't you dare forget to pay taxes on the few hundred bucks you made selling your old junk on eBay.

*CORRECTION: This article has been updated to correct the thresholds that previously triggered mandatory IRS reporting.

NEXT: These Big Tech Bills Are Unconstitutional. State Lawmakers Don't Care.

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    1. But did he tweet mean things?

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          1. Biden’s ‘Rescue Plan’ Will Sic the IRS on Anyone Who Earns $600 in the Gig Economy

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            2. As one must earn $12,401 to even have to pay income tax, I fail to see why they are going after someone who only made $600 because you’d have to make $600 from TWENTY DIFFERENT employers to even get to $12,000 — and you still wouldn’t have to file or pay anything.

              Could it be that they are trying to get a database of employees so that they can give it to the SEIU for recruitment purposes?

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  2. The government reason wanted. Libertarian moment!

  3. As somebody who does gig work when I work, these people can fuck right off.

    1. Don’t a lot of the writers here work as independent contractors?

      I hope so because seeing their owner fucking them over to suck up to China and Biden would be endlessly amusing.

      1. Hoist on there own retard.

        Boehm still pretending to be libertarian is getting a tad stale.

        We’ve seen this schtick enough.

        1. Their own…

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    2. I feel for you. I remember in the late 70s taking a summer job, and while I could have worked another week before school, I quit because at the time I wouldn’t have to file an income tax return as long as I didn’t earn more than something like $3200, which is worth about $12,000 now. Biden is really going after the little folks; you won’t hear it in the MSM because it’s not the Democrat narrative, and anyone looking should have expected it. Look at what they do, and don’t believe what they say.

      1. My late great grandmother Williams, whom as far as I know never met, had two sayings: “I hear what you say, then I see what you do”. The other one was one she would utter whenever someone bumped into her, “Why do’t you go were you’re looking?”, which was a family chuckle. The first one was a profound lesson in life.

  4. We had to pass the bill to find out what was in it.

    1. We had to pass the bill to find out how badly we were fucked.

  5. Wait …. what did they think socialism was? It’s not your $600.00, proggy; it is our $600.00. Get with the program and cough up the cash.

  6. I’m just trying to understand something here and I don’t read articles – how is this different from the current 1099-MISC filing standards? It’s the same dollar threshold, and it’s the same category of recipient: unincorporated service providers who are paid $600 or more. Payments to incorporated law firms also need to be reported under the 1099-MISC regime. Is that the difference? That payments to Uber Driver Inc. would need a 1099, where payments to Uber Driver (person) or Uber Driver LLC would have already been covered under 1099-MISC requirements?

    1. This relates to the 3rd party payer reporting on 1099-K not the NEC (formerly MISC). We need more tax forms.

      1. Ah, thanks for the clarification. Both types are annoying, nuisance forms. It just seems like it’s a shift of one stupid information reporting for another stupid information reporting, bloating compliance and administration costs for businesses in hopes of finding matching errors on individual income tax returns.

      2. So what is the net effect on the driver? Just a different form for income that was already reported to the IRS?

        1. It is how many are reported. 1099-NEC(formerly 1099-MISC box 7) is for non-employee compensation but has no way to note any fees the company withheld or miles driven. As a business, I am required to send a 1099-NEC to any non-incorporated person or entity I give over $600 dollars to, like a contractor I hire to paint a wall. Uber, eBay, and the like report on a 1099-K. This allows them to report their fees, miles driven, and other info as a third-party pass-through payer. Credit cards do the same for merchants that use them for payment processing. The previous limit of required 1099-k reporting was $2000 dollars worth of transactions. It is now $600. Technically the taxpayer was already required to report those $ 600 dollars without the 1099-K. So it really isn’t generating any additional tax liability. It is just generating additional reporting requirements and a higher likelihood that more of the money will be actually reported.

          1. higher likelihood that more of the money will be actually reported hidden.

            Fuck Uncle Joe.

          2. Thanks. I’d worked for years as an independent contractor and was sent a 1099 MISC for any income over $600 so I was confused by this article but I see 1099 K income is different somehow.

    2. The 1099NEC is reported by the person or company sending you money. The 1099K is reported by the company, like PayPal or Venmo, that is handling the transaction. The real problem for contractors is that some people or companies prefer to pay through Venmo or PayPal, meaning that you can end up getting both a 1099NEC and a 1099K for the same transaction.

  7. Time to sell eBay stock.

    1. Small eBay sellers were already fucked before this. Doesn’t ebay collect sales tax on secondary sales of personal property now? I expect they’ll close the garage sale, craigslist and facebook marketplace “loopholes” before too long.

      1. Yes. It’s a crime to have to pay sales tax on used junk.

      2. Yes. eBay collects sales tax on behalf of sellers.

  8. “Biden’s ‘Rescue Plan’ Will Sic the IRS on Anyone Who Earns $600 in the Gig Economy”

    How could this have been avoided?

    1. If only Stalin knew!!!

    2. Not allowed all the voter fraud that allowed this bottom-feeding, dimensia-ravaged scumbag to steal the election from President Trump

    3. Your candidate winning more votes and/or successfully stealing the election, which would then preserve this particular exploitative economic arrangement you’re so mad about.

    1. Thanks for a entertaining post
      And good luck to all the pessimists.

  9. It has everything to do with control, Binion. Just remember, you supported the guy. At least have the decency to own up to it.

    1. He doesn’t have to own up to it. He will get what he wanted, good and hard.

  10. “Buried inside the 600-page bill”

    …the bill read aloud to the Senate?

    Don’t give them the “buried” dodge. They were read everything in it in detail and voted for it.

    1. And if they voted for it without having read it, they are even more culpable.

    2. I’m guessing it was read overnight by a former policy debater speed-reading it to an empty chamber that was only technically ‘in session’. Spirit of the rules? What’s that.

      1. Yep.

        A few new additions to My Fantasy Constitution 2.0

        Article 1 Section 2

        All bills must be read in their entirety on the floor of the House of Representatives before being voted on.

        Representatives who do no sit through the entire reading may not vote on a bill.

        All votes on bills or other measures must be conducted by roll call.

        All abstentions, absences, and disqualifications (for not sitting through the reading) shall be counted as votes against the bill or other measure.

        Article 1 Section 3

        All bills must be read in their entirety on the floor of the Senate before being voted on.

        Senators who do no sit through the entire reading may not vote on a bill.

        All votes on bills or other measures must be conducted by roll call.

        All abstentions, absences, and disqualifications (for not sitting through the reading) shall be counted as votes against the bill or other measure.

        Article 3

        Whether or not a law was validly passed in accordance with the rules laid out in Article one is a justiciable question that the courts must consider if it is challenged.

        1. Nice!

          I would add: Article 3:

          Any change made after the bill is read requires another reading. The bill as read in both houses and signed by the President becomes the law. If there is any difference between these, the law is void.

          Whether or not a law was validly passed in accordance with the rules laid out in Articles one and two is a justiciable question that the courts must consider if it is challenged. Any citizen of the United States of America has standing to challenge the law.

          Alternately: Instead of requiring a reading, draw a random sample of 5 Senators and 24 Representatives (10% of a majority of the entire house) who voted for the bill and question them as to the contents and meaning of the bill. If any of them do not know the contents or if their interpretation differs substantially, the bill must go back for fresh votes.

          Each house may remove members who have proven unable or unwilling to read and understand bills, but their votes will count as Nays until they are replaced.

    1. Those are only tax cuts if you’re an idiot. Giving people money directly is spending, not a reduction of taxes.

      1. Either way is still an increase in income, from a government action.

        1. Increase in income via redistribution.

          1. Of my taxes back to me. This argument is vapid.

            1. Many of those getting checks didn’t pay 1400 in federal taxes… please don’t be stupid.

        2. No, it is theft from one class to a different one.

        3. It is a scam it is a shell game, it is a hidden tax called inflation. There is no money, it is just devaluation of your current money. Your stimulus check is the bait for the sucker. Every trillion costs you about $8000 dollars, but hey, you got $1400 of the funny money.

      2. My money.

        From my taxes.

        Came back to me.

        But not a tax cut.

        Sure.

        If calling it spending makes you feel better then cope all you want.

        1. So, then should we consider every direct payment from the government a tax cut?
          I see your point and for that reason don’t have any problem with anyone taking the money. But it seems like a pretty bad argument if your goal is to meaningfully lower taxes over the long term.

        2. A large portion of the group getting checks have a negative federal tax dumbass. This is theft from some to give to others.

        3. You realize that the money did not pass through the government without a bit of skimming, right?
          Trump proposed an actual tax holiday and Pelosi screamed bloody murder; how are you gonna support the bureaucracy if doesn’t get the skim? Further, the serfs would realize how much they are paying in taxes.
          Nope, not a tax cut at all.

          1. If you take a thousand dollars from George, and give it to Shirley, you have raised George’s taxes and lowered Shirley’s, but it would still be net zero. Now, if you took 2 trillion dollars from everyone, and then gave that back to everyone, you would think that the same metric would be in play, and the tax refunds would STILL be net zero. But that’s not true. Since you don’t have the 2 trillion dollars, you have to borrow it, and pay interest on it. How many times do you pay for your house through your mortgage? Three? So it’s NOT a 2 trillion dollar tax cut, it’s a 4 trillion dollar tax increase.

      3. Since Trump started giving money to people directly rather than the typical politician controlled spending going to some rich crony who gives a kickback in campaign cash, as stimulus, it’s raised all sorts of interesting questions such as:

        A. Why should we pay taxes if we can just print the money?
        B. Why should we work, if the government can just send us checks?
        C. Why are politicians pretending that they can stimulate the economy with spending, without first taking it from someone else first and destimulating their production and consumption?
        D. If sending money to people directly isn’t stimulus, then why is government spending stimulus?

        The other thing I noticed, is I’ve never seen Democrats stop a big spending bill (this one with checks directly to the people) and question how it’s being spent until Trump.

  11. “This is going to hurt you a lot more than it hurts me [but just remember it is for your own good]”

  12. The irs is going to be so flooded with 1099’s they won’t know what to do with them. Buy a new car for 40k sell it years later for 2k, and there’s a 1099 saying you were paid 2k just as if you had worked for that money. Where will you report that?

    1. My IRS account has not been updated since 2017; they already seem to be floundering; add to this Warren’s proposal to have 30% of us audited every year; they will have to become the biggest employer in the country.

      1. Part of the Jobs Creation Act…

      2. Quo Usque Tandem,
        You say: ” … they [federal government] will have to become the biggest employer in the country … “. Ya mean hiring more and more federal DUES PAYING UNION Workers [“of the world – unite”] “Donating Campaign Contributions” to Democrats? Why, who’d a’thunk it?

    2. Currently on a schedule B with the cost basis of what you paid for the car so you wouldn’t owe any tax assuming you haven’t depreciated it or sold it for more than the original purchase price. It is exactly what happens now for houses or property, with a 1099-S. The problem that happens now is you don’t put the sale of your house on a return. The IRS gets the form saying you sold a house for $200000. They know you likely had some cost basis for that house, but they treat it like you made $300000 you failed to report on your return. So depending on your tax bracket they send a letter saying you owe around $60000 when you likely owe nothing because you bought the house for $250000 and have lived in it 2 of the last 5 years so you have an exemption up to $250000 in profit.

      1. Sorry, that should be sold for $300000 and $300000 you failed to report.

      2. 1st an entity has 2 create a 1099 n then send it to you n the hugely under staffed IRS. This means there’s a tangible legal & economic relationship between u and a (usually) business. Selling your home,car etc clearly does Not meet those requirements,unless u are in the Business of selling items like these. Ask yourself: whose going to generate the tax form from a home/car sale?

        2nd, a 1099 generally creates the opportunity to write off actual expenses Before Taxes,a far better deduction than tax schedule deductions which are granted only a small percentage of value towards reducing the tax burden. Gig employees need only to file a form 2106 to realize these off-the-top deductions.

        Fyi: the internet is a great resource to seek solutions or explanations for tax issues like these.

        1. Here’s info directly from the Irs:

          The purpose of the form 1099-S is to ensure that sellers are reporting the full amount of their capital gains on each year’s income tax return. Any organization involved in the sale of real estate and certain royalty payments must use Form 1099-S.

          Personal Use
          If you received a 1099-S because of the sale of your primary residence, then you should check the appropriate box on your Form 1099-S. The sale of your home will be reported on Form 8949 and Schedule D. Do not report the sale of your main home on your tax return unless your gain exceeds your exclusion amount.

          1. I have sat in a tax office with clients that received IRS letters from house sales that weren’t included in their Tax return. Yes The IRS says you don’t have to include it but If a 1099-S is sent by the title company without the correct box checked because they don’t ask if you qualify for exclusion then the IRS assumes the worse and sends a letter.

    3. Unfortunately, I can see the IRS automating the process, to send notices out to anyone who didn’t report income that the IRS knows about due to a 1099 being filed against them.

  13. Tightening the reporting requirements is being sold as a way to crack down on tax cheating.

    Yeah, because a guy who sells a used guitar online is “cheating.”

    Fuck off.

    1. And this is still the part I dont understand. How is selling some of my stuff on ebay considered income? I’m not necessarily making money , I’m converting unwanted stuff to an equal value of cash.

  14. up with Public Unions! also fuck all y’all for being such pussies about the last president

  15. This won’t matter once the PRO Act makes their jobs illegal.

  16. $2000. $600. That’s just the details. The problem is that “they”re doing it at all.

    1. Yep. Amazing how all the ‘libertarian’ authors here, Suderweigel, Sullum, et.al. get so caught up in the Utilitarian details, without expressing an iota of concern over the principle offense to liberty.

      Almost as I’d they are all full of shit pretenders.

  17. House Democrats believe the change will generate about $8.4 billion over 10 years—but that’s a drop in the bucket compared to the $1.9 trillion bill.

    If the feds are able to create and spend all the money they want without consequence, according to Modern Monetary Theory… then why bother collecting taxes at all? It seems like a ton of effort for no reason. Just print more money. Brrrr.

    1. Well, it’s wroking in Venezuela.

  18. Working as intended.

  19. I should NOT have quit my job at ShopRite.

  20. If I’m not mistaken, contractor already have to pay taxes if they earn at least 600 dollars. I play daily fantasy sports and receive MISC 1099 if my profit is 600 dollars or more. I worked as a freelance writer back in the early 2010 and received 1099 forms.

    I assume Biden is now formally requiring gig platforms to send tax information to the IRS. Most do that anyways.

  21. Eventually, all wages and other compensation will be paid directly to the IRS who then let you have what they think you need.

    1. Same difference when everything we do from earning, to spending, to speaking, or acting falls under some corporate entities’ control.

      That is the path we are on.

    2. From each according to his abilities, to each according to his intersectionality.

  22. This isn’t as much of a nuisance as the ACA tax because the 1099s this time will be generated by large businesses which can spread the software cost over many employ– I mean, independent contractors.

  23. The stupid people still don’t get it. Biden and his handlers are terrible. Buy hey you hated Trump and sold yourself to the devil to get rid of him. Now we all suffer.

  24. So, Senator Pocahontas wants all Americans to be audited by the IRS once every 3 years. Currently, the IRS has 74,500 employees and does 300,00 audits a year, or 4 audits per employee (a back-breaking, to be sure). So, doing 100 million audits per year would take 25 million auditors, a figure that is ten times larger than the Chinese army. Nothing more than a budget line item.

    1. Kinda like the Jackson Lee gun bill that required psyche exam for gun buyers. It would have required every single shrink in the US doing nothing but those exams something like 18 months to deal with the number of guns sold ever year/12 months.

      1. “Justice [or background checks] Delayed … ” is the goal, Ragebot.

  25. Great job pimping this leftie crowd to the voters cause you hated the Twitter guy.

  26. Gov-Gun threats used to push people into joining the Democratic Labor Union. Sounds like Nazi Germany to a T.

  27. Well, I am sure that a lot of the gig workers voted for Biden. Now they will get what they asked for good and hard.

  28. So I did sell that vintage Chesterield through eBay. So what? Selling price was, let’s say, $900. The Bay takes aobut fifteenpercent cut, down to $765. I obught it on a lark for $500so its now down to $165 , got it home realised the colur wasnt right for the room I bought it for…. stored it in my workshop for two years, business use of home. At FiDolla uh month, that’s down to $105. I had to hire a proffessional uphilstery cleaner to clean up the mess the mice made in it whilst I had oit stored. That cost me six bits. Down to $30. I then had to put it in my van and drive it fifty miles to FedEx to ship it off, at haffabuckamile that’s another FiDollah, so Im now holding an IRS clownshow bill because I made a whopping six bits, and have at last twelve hours of my time init. Oh I forgot, I hadda buy me some lunch “out” on the dlievery trip, so knowck off another twevel bucks.
    SleepyJoe needs a swift kick inthe britches to wake him up. Or put himthe rest of the waytosleep.

    1. If you sell something, you made money, and must be taxed because you are evil.
      It is known.

  29. It has always been the law that independent contractors that earn more than $640 or so have to receive a 1099. This is normal tax law. If this was not the case for multinational corporations and has been for me for decades, what exactly are we whining about? What’s wrong with paying rightly owed recess?

    1. Sell off the junk in your basement. Pay income tax. Even though it isn’t income.
      That’s what’s wrong.

    2. >rightly owed
      Fuck off slaver.

  30. Demand use of cash and tell Xiden to eff himself

  31. So a small change from 2k to 600. Mountain out of a molehill.

    That said, we could actually fund the IRS properly now after Rs have weakened it every step and turn and go after the big fish who drain our treasury. We’d *make* money on that deal. It’s a no brainer really but heaven forbid we do that and make rich people pay their fair share.

    1. You are an ugly, resentful piece of shit.

    2. Go ahead, you don’t need a fully funded IRS to go after the big fishes, but you do to go around pestering the average Joe, which is what they are interested in.
      The Republican IRS Protection Service for the wealthy is closed until further notice.
      Come back in a year, when despite Dems having full power, the rich still won’t be paying their fair share. Then you can admit you and the Dems are full of shit regarding taxing the wealthy.

  32. I’m sorry. I believe that most Gig workers voted for Biden. Therefore I generally have NO sympathy for any Dem.

    You put him in with your stolen election.

    Sanjosemike (no longer in CA)

    1. Agreed, low and high income folks are both big Dem voters. Make it harder for the low income folks to cheat, and lets start taxing the wealthy out the ass. Give them the government (and tax policy) they deserve.

  33. I don’t know why Donald Trumph seems to hated by so many Enemies , I never one day support Biden Government it horror
    https://wapexclusive.com

  34. The bill going after the ‘gig; economy is equivalent to going after those of us who are picking up a little extra to try to keep up with the rising costs of living. Food is way up, so is fuel, utility costs, and repair and maintenance of everything. This is going after the middle class and to a high degree the working poor. The gig economy is how we stay afloat. The government is incompetent. One size does not fit all. And when the delayed rent restrictions go away, all of those who were put out of work and going to be evicted by the landlords they have not paid in the last year or so. That is about a third of everyone renting. The government is going to have homelessness at the level of the 1930’s. The government has about half of the people in this country dependent on them for their livelihood already, and there is not enough housing for three orders of magnitude in homelessness to manage it. The whole country will be like San Francisco with streets full of urine and feces, at the point city services will not be able to manage sanitation, feed the starving, provide work through enterprise, or even manage law and order.

  35. With the big old parties both in the thrall of idiotic populism the whispers of “Kill the Kulaks!” are building to yells. The Dems first resort is always the IRS. Among the Trumpocrats Oren Cass has long been auditioning for the role of Molotov to personally monitor the grain confiscations.

      1. Or should I say Hi ‘Hank’?

  36. All “issues” with independent contractors (gig workers) are solved by incorporating. I assume that is a great big hassle in the bluer parts of the country, but in Free America it is a two page form and a couple hundred bucks a year. The record keeping is easier then for a sole owner of an unincorporated business, and there is enough software out there now that bookkeeping is dirt simple. One USB stick kept all corporate records for five years.
    But then again, I am retired now and am not affected, and lots of the gig workers voted for it, so let them deal with it.

  37. I don’t think it is realistic to call it Biden’s plan. He very likely signs whatever they tell him to sign.
    He cannot remember the name of the five sided building that the DOD works from.

    1. “He cannot remember the name of the five sided building that the DOD works from.”

      DNC public attack center?

  38. “… the change to income reporting requirements for gig workers—whose income is reported on IRS form 1099-K—bears a striking resemblance to a widely loathed tax originally included in the Affordable Care Act when it was first passed in 2010.”

    I expect that the bill’s authors do not expect this provision wlll really raise any revenue, or will not be done away with in the near future. The purpose is to play accountancy games to hide the real cost of the total bill to make it easier to swallow. The fact that it will not raise any real money and will likely be repealed is part of the ridiculous, dishonest game which is our normal politics.

  39. Biden’s ‘Rescue Plan’ Will Sic the IRS on Anyone Who Earns $600 in the Gig Economy

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