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Humanistic Capitalism policy on gig worker tax reporting

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Should online payment platforms be forced to report all transactions over $600 to the IRS?

HC>HC  ChatGPTNo, unless the transaction is considered income

Humanistic Capitalism answer is based on the following data:

ChatGPT

Strongly agree

No, unless the transaction is considered income

This answer aligns well with the principles of Humanistic Capitalism. It respects individual privacy and freedom by not requiring the reporting of all transactions, but it also recognizes the need for taxation to fund public services. By only requiring the reporting of transactions that are considered income, it strikes a balance between these two principles. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes, but the threshold should be much higher

This answer aligns well with the principles of Humanistic Capitalism. It strikes a balance between the need for taxation to fund public services and the respect for individual privacy and freedom. By setting a higher threshold, it reduces the burden on small businesses and individuals, while still ensuring that larger transactions, which are more likely to be related to business income, are reported. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes, except for low income citizens

Humanistic Capitalism would likely agree with this answer to some extent. It values the idea of progressive taxation, where those with more resources contribute more. However, it might also see this as a potential loophole for tax evasion, as it could be exploited by those who are not truly low income. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

No

Humanistic Capitalism might lean towards this answer because it values individual privacy and freedom. However, it also recognizes the need for taxation to fund public services, so it might not fully agree with the idea of not reporting any transactions to the IRS. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

No, private transactions should be kept private

While Humanistic Capitalism values individual privacy and freedom, it also recognizes the need for taxation to fund public services. Therefore, it might not fully agree with the idea of keeping all private transactions private, as this could potentially enable tax evasion. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Yes

Humanistic Capitalism values the balance between economic growth and human well-being. While it acknowledges the need for taxation to fund public services, it also respects individual privacy and freedom. Therefore, it might not fully agree with the idea of reporting all transactions over $600 to the IRS, as it could be seen as an invasion of privacy and potentially burdensome for small businesses. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Public statements

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