New Tax Proposal: A 30% Sales Tax to Replace Federal Income Taxes 1099 K

New Tax Proposal: A 30% Sales Tax to Replace Federal Income Taxes 1099 K

#subscribe #like The Federal Government wants to change how form 1099 K will operate by enacting a federal 30% sales tax instead of their usual federal income tax. This is a bad idea because they are trying to target more businesses and services making them more expensive. There is no accountability for how our tax money is spent, and giving them money every time we purchase something is even worse than the current tax rules. 1099-K used to be over 200 transactions in a year or 20 grand in sales but now they are trying to lower it to 600 dollars similar to 1099-NEC and MISC which gives even more paperwork to the IRS which can't even do their job properly due to lack of personnel and funding.