Nina Olson, who ran the IRS's taxpayer advocate services for 18 years, predicted the estimated tax revenue will prove elusive because many gig workers who are paid by Uber, Lyft, DoorDash, Grubhub, TaskRabbit and the like are living paycheck to paycheck and won't be able to pay the bill.
“Workers who are underreporting their income now will become guilty of nonpayment next year and subject to penalties and actions by the agency,” Olson said.
Olson added that an IRS collection action “can destroy a person’s life,” as employers can be hesitant to hire someone with a federal tax lien and lenders won’t make loans without charging the highest interest rates.
Etsy, the online marketplace that caters to one-person shops making handmade items like clothing and jewelry, is also lobbying against the proposal. The company was among the signatories on a letter last week to congressional leaders opposing the change, arguing it “will create unexpected challenges for small business owners and entrepreneurs across the Main Street ecosystem.”
An Etsy spokesperson, who didn’t want to be identified in order to speak candidly, said one concern was that in order to supply the necessary tax forms, they’d need to obtain a seller’s Social Security number up front. That could turn away entrepreneurs from using the Etsy platform before they have a chance to grow their business, the spokesperson said.
"pay" - Google News
March 05, 2021 at 07:32PM
https://ift.tt/2MT7kA4
Gig workers would pay higher taxes under coronavirus aid bill - Roll Call
"pay" - Google News
https://ift.tt/301s6zB
Bagikan Berita Ini
0 Response to "Gig workers would pay higher taxes under coronavirus aid bill - Roll Call"
Post a Comment