IRS delays $600 reporting requirement

[markinnaples]

I've been working with governmental regulatory compliance for about 30 years, and trust me, every single rule that is passed by the govt has been analyzed closely. I know they say that the bills like the "Inflation Reduction Act" are massive, and congress isn't given proper time to review and understand them, but I guarantee that this bill has been developed over some years and the people who wrote it absolutely understand what's in it, at least the section they were responsible for. What they don't understand, what no one understands, are the unintended consequences (sometimes even if they seem intended), and these are usually the things that trip everyone up. I'll leave any politics out of this post, but the truth is, government in general is a self-feeding entity that wants more and more money, and more and more control, and will continue to grow if not checked and limited. Happy New Year.