AI Evaluation Notes

The prediction is somewhat accurate. There is increased tracking and reporting of side hustle income by tax authorities like the IRS and HMRC. The IRS has implemented new rules for reporting digital asset transactions and is focusing on digital assets and gig work. Platforms are required to report earnings of users exceeding certain thresholds. While a blanket statement about 'everything being taxed' is an oversimplification, the trend suggests more income is being tracked and thus subject to taxation, particularly with increased IRS capabilities and the digitization of transactions.