Mike Braun slams policy that attacks middle class

Sen. Mike Braun, R-Ind., explains the details regarding the IRS starting to send out 1099-K forms for some payments on ‘Fox Business Tonight.’
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[@loisanderson5520]

Senator Braun's a FIGHTER!!

[@glenbard657]

The Democrats in Illinois lowered the threshold from $20,000 to $1,000 a few years ago. I have to do a ton of paperwork every year just to show that I'm losing money on my hobby. Unlike a business, I can't even write off my losses because I never make a profit.

[@deathsentence87]

Wait your hobby? You mean you don't have a business and owe taxes in usa?.. that doesn't make sense..is your hobby person to person business? I think a tax expert maybe lied to you...

[@glenbard657]

@@deathsentence87 I'll try to explain this to you if you will try to pay attention and not go off making more wild assumptions. I take pictures of trains as a hobby and I sell slides on eBay. I have over $1000 in sales each year, but my expenses for film, processing, postage, lodging, and mileage add up to about four times my sales. Only profits are taxable, so I have to show that my expenses exceed my sales to avoid paying taxes on them. However, my wife and I have income from investments and her salary and my pension which are taxable. We have to pay taxes on the full amount of this as my hobby expenses are only allowed to offset my hobby income. I can carry over the hobby losses to balance against future hobby income, but nothing else.

[@matthewburns7584]

I like to golf but I can’t write off any of the expense that goes along with the hobby.

[@TheStevengauna]

Wirte it off as none profit.

[@BBBBBB-sz3iw]

Everyone that gets tagged by this needs to force the irs into court. Even 87,000 new agents won't be able to handle it. Federal courts will come to a standstill.

[@352ucanes9]

Trillion, five trillion? Ehy major hwy and roads not fixed, bridges ECT.......where da moe nay go?

[@fytghggyungf7601]

I’m an escort on the side, and this is why I only ever take cash payments. There’s no record of cash 👍🏼

[@ellisbozzolo3538]

I stopped using pay apps a year ago. Americans are about to find out that these pay apps are going to send out 1099k forms to almost everyone.

[@michaelbuzanowski207]

I agree with the congressman please don't put me on an IRS hit list

[@1_hopelesshuman]

You’re already on it.

[@michaelbuzanowski207]

@@1_hopelesshuman I knew it

[@cathycarter5451]

To much government defund government

[@kurtwilliams1859]

Gop always "slamming" never "doing".

[@markmanor7936]

I FIND IT HARD TO BELIEVE PEOPLE ACTUALLY VOTED 🗳 😕 4 THESE POLICY'S, WHAT WERE THEY THINKING 🤔 THESE POLICY'S R GONNA 😳 HURT SO HOLD ON EVERYONE

[@dwaynemaxwell5274]

What corps should we stops. M

[@susanwilliams3483]

Don't vote on something you can't read!

[@carlgreiner2986]

America frist

[@enfredlindstrom6763]

i dont care if the people in the big citys starve. in fact i hope all the big citys do starve. they voted for it all.

[@alexanderrivette6235]

Fix the audio

[@thrummer1953]

This will be Ruinous.

[@johndoez6481]

🇺🇸

[@anthonysantellan1861]

10 comments showing 3

[@oscarwindham6016]

Senator Mike Braun, you and your colleagues are in fact still approaching these federal spending measures as business as usual since you are all still refusing to first publicly acknowledge and then explain how and why quantitative easing (QE) works. Step one, in my opinion, should be to publicly acknowledge that DUE TO QUANTITATIVE EASING (QE3infinity, 2012, specifically), WE DO NOT ACTUALLY HAVE A NATIONAL DEBT, BUT INSTEAD WE ONLY HAVE A PRETEND NATIONAL DEBT WHICH, OF COURSE, ALSO MEANS THAT OUR FEDERAL DEFICIT IS TOTALLY IRRELEVANT.
Senator, you are lying to yourself if you are unable to grasp the reality of QE and you are also lying to, we the people, whereas if you were able to understand how and why QE works you would be making the argument that there isn't any need for any type of federal tax of any kind, never mind those 87,000 new IRS agents which, by the way, should still be hired but not to investigate where the money is coming from, but instead to investigate where we the peoples' electronically generated monies have gone and where they are going and I mean every electronically generated cent.
It's all in my book, titled: Revised 2nd Edition "All About Equity Spending... With a Love Story". This is the first and only book in the entire world that is the quintessential source for really understanding quantitative easing. This book uses a fictional novel format that is fun to read as well as being profoundly satisfying, even if I do say so myself, and then there is the non-fictional Continuing Commentary section between chapters nineteen and twenty due to the uniqueness of the subject matter.
The entire explanatory narrative on how and why quantitative easing works is called Equity Spending (TH-cam) or ES, not to be confused with the more politically correct, Left leaning, in my opinion, inferior MMT explanatory narrative on QE spending. P.O.O.F.O.O.S.I.E.