Were you all aware that starting in 2022, for online sales like Ebay, Etsy, etc.... the taxable threshold (for payment processors to submit a 1099K to the government) is dropping from $20,000 / year to only $600? This was included in the American Rescue Plan back in early Spring this year. Basically the government is coming after basic garage sale or yard sale income at this point from people just trying to make a few extra bucks. This seems insane to me that they are chasing pennies from people making $600 (or more) per year in online sales while they let the big multi million or billion tax cheats get away with their own scams. I'd love to hear your take on this and thanks for the wonderful show. Long time fan from your early years on The Hill.
Hey Krystal & Saagar - first off, absolutely love the show and haven't missed one since you launched Breaking Points. I think that every single person could benefit from listening to just one of your shows. As a bi-partisan show, you both tend to agree on A LOT of topics (which I love) but might just differ on how you ultimately get to the end result. Question - are there any topics (or one single topic) you don't see eye to eye on at all? If so, what advice do you have for the viewers on how to combat difference in opinions? Thanks so much!