IRS Backs Off on Taxing PayPal and Venmo Transactions Totaling Over $600 After Massive Backlash

Someone in the Biden Administration was smart enough to realize that implementing the Democrats’ tax changes on financial transactions through PayPal, Venmo, CashApp, etc, was a very bad look for them with their tanking the economy. The push back was so massive that it could not be ignored. Which is why it is on hold for a year and will be implemented then once people are not paying attention.

In this video we take a look at the Democrats and IRS actually backing off for once from trying to take more of Americans’ money.

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