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A comment on Venmo, PayPal and Zelle must report $600 in transactions to IRS. Parent comment

Re:Venmo, PayPal and Zelle must report $600 in transactions ... by gruez on Tuesday January 18, 2022 @12:33PM (#29982594)
>Nearly 61% of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center.

https://www.bloomberg.com/news/articles/2021-08-18/u-s-house...

In other words, it's a one-off. Failing to mention that is highly misleading.

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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by legobmw99 on Tuesday January 18, 2022 @12:38PM (#29982678)
43.6% in 2019 for anyone curious like me

Source with both numbers: https://taxfoundation.org/us-households-paying-no-income-tax...

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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by cma on Tuesday January 18, 2022 @01:24PM (#29983445)
It looks like they are including Puerto Rico (no federal income taxes)?
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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by stjohnswarts on Tuesday January 18, 2022 @08:59PM (#29988912)
thanks you saved me from having to go look that up. Notice the person who posted that didn't also post how much of the wealth and revenue went to the upper 39% lol.
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