er, by default any profit is taxable for them while as a lemming you get a tax free $600 profit before it impacts you

but fuck ticketmaster anyway

The IRS will report a crime if they suspect one, but they don’t make the laws. You’re barking off the wrong tree if you think they should be the moral authority.

Edit: grammer

Edit2: grammar

Do you even know what the IRS is doing here? If an individual makes more than 600 in profit on anything they have to report it and pay taxes. If you lower that to 60 that would just be incredibly annoying for the majority of people to deal with on a daily basis

Law enforcement exists to protect the status quo. Corporation profit good. Individual profit bad.

Yes and often times way more than that. I checked prices for a Tool concert at a venue near me a few weeks ago and the section closest to the stage had tickets reselling for thousands of dollars. Obligatory fuck Ticketmaster...

They could have sold multiple tickets

Well as per article yes, but 600$ is the reporting limit. If Ticketmaster, stubhub and so on has a reseller account with sales income of more than 600$ per year, they have to file it to IRS. Whether its single sale or thousands of separate small sales doesn't matter.

Completely normal tax procedure. Pretty much all big such platforms of various fields stock exchanges, commodity markets etc. have such obligation ledges on them for avoidance of tax evasion.

Nor as second note is anyone being "punished". Punishing is what happens on breaking law. This is business taxes, you make profits selling stuff, income taxes start applying. Normal cost of doing business in society for the services society provides (national military keeps the Mongol horde from wrecking your business and so on, transport atluthority builds roads to run business trucks on so the music tour entourage can get to the arena, so one can sell tickets to that conce for profit and son on).