Quote:
Originally Posted by Ethersync
Why?
....
|
well:
a. it's a trivial task for a credit card processor, paypal etc to send forms like that
b. will increase tax compliance for sure, I'm sure there are ton of people that forget to include their paypal income for example
c. credit card processors are somewhat similar to a bank, if a bank sends you a form when you earn $5 in interest income, it makes sense that credit card processor would send you one too especially considering that $$ involved is usually much greater...