More Control as Venmo, PayPal and Cash App Will Now Have to Report Transactions Totaling More Than $600 to the IRS

6 January 2022

America's President Biden is claiming to be cracking down on payments made through third-party apps, requiring platforms like Venmo, PayPal and Cash App to report transactions if they exceed $600 in one year.

There are many excuses for why such a move has been made legitimate but this is another one of those "boil the frog" methods of the government to gain more control over its population. Simple.


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