Quote:
Originally Posted by bnorth
Just to the part I made bold. It is not because of people selling a few cards. It is because of a lot of people running what is basically a full blown business without paying any taxes. As a former tax paying business owner I absolutely love that people are getting 1099s now.  |
The threshold is $600. It is not restricted to people "running what is basically a full blown business without paying taxes". They are caught up in it too if they were doing this, but this is nowhere even close to the actual barrier drawn.