vpFREE2 Forums

Pay out rules

Jackie -

It wasn't myself that I was repeating, someone else had previously answered
some of your questions. That was my reference. No harm, no foul. Since
you're new to vpFREE, please feel encouraged to ask any questions that come to
mind. :slight_smile:

The subject of the IRS and the $1200 W2G threshhold has also been discussed
here, and I think the consensus was that it has become a bit too low for
reality but the IRS isn't about to change this cash cow.

- Brian in MI

jackie writes:

Thank you for your reply Brian and I'm sorry you felt as if you
had to repeat yourself, but I only recently joined this list.
Maybe the group administrator will put your response in the
FAQ.

My feeling about the W2G is that the greedy IRS should be
fair and track large losses (over $1200) as well, but we know
they will never be that fair. I think the IRS and income tax should
be abolished and institute in it's place the Federal Sales Tax
that is already applied to fuel sales.

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