
Feds Back Down (Temporarily) on Expanded Financial Snooping
Cato Podcast
00:00
What's Going on With Etsy Earners?
The federal government is moving ahead with this plan to monitor your transactions, which is a classic move of the feds. The threshold for exceeding $600 in gross revenue has been set at 600 bucks. So if you're like a working mom who just buys a bunch of art expenses and then goes and sells some of your art on Etsy, regardless of your actual expenses, you're going to be required to file and disclose to the government those, those transactions. And even the IRS was like, yeah, man, we can't, we don't have to handle this either.
Transcript
Play full episode