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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 jackson1442 on Tuesday January 18, 2022 @01:26PM (#29983493)
edit: I was mistaken, see below for corrections

~~https://media.nationalpriorities.org/uploads/presidents_fy_2...

the military budget is 50% of the US budget for FY22

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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by throwawayboise on Tuesday January 18, 2022 @01:40PM (#29983707)
That's misleading, that's showing 50% of discretionary spending. Defense is not even 20% of total spending.

https://datalab.usaspending.gov/americas-finance-guide/spend...

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Re:Venmo, PayPal and Zelle must report $600 in transactions ... by wrs on Tuesday January 18, 2022 @01:38PM (#29983689)
50% of the discretionary budget. Entitlements (Social Security, Medicare, etc.) are 65% of the budget. The full budget is about $6 trillion.
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