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More Info About IRS Plan To Tax eBay Sellers
- Thread starter jpeyton
- Start date
Uh, you are already legally obligated to pay income tax on stuff sold on Ebay. Just like you are legally obligated to pay taxes if you are drug dealer, or a prostitute. The IRS is just implementing measures to enforce people to pay taxes one what they are already supposed to be paying taxes on. Plus they want to punitively hit those currently skirting the law.
Wait, I don't understand this. People are already required to report ALL income, why would Ebay need to report anything? My ISP and Web hosting company report nothing to the IRS regarding sales on my website. I report ALL of that information.
I just say it' time to disband the IRS and do away with the payroll withholdings. Then institute a national sales tax(on non necessities). The Goberment will have a lot more money to play with than an extra 200 million a year. The American people will also have more money to play with.
Billions of dollars will be saved on tax processing.
I just say it' time to disband the IRS and do away with the payroll withholdings. Then institute a national sales tax(on non necessities). The Goberment will have a lot more money to play with than an extra 200 million a year. The American people will also have more money to play with.
Billions of dollars will be saved on tax processing.
biggestmuff
Diamond Member
You have a business, you pay taxes. what's the problem?
bluestrobe
Platinum Member
Too much ignorant panic everywhere about this. eBay will only be required to report sellers with 100 or more sales AND $5,000 profit each year. If you are meeting those two figures you are a business already reporting your taxes or you are a power seller that is probably selling on eBay to avoid taxes.
Either way it doesn't hurt the small man or occasional seller.
Either way it doesn't hurt the small man or occasional seller.
bluestrobe
Platinum Member
The government is adapting to the eBay age and thousands of companies are using it as a skirt around the taxes. It was bound to happen and honestly I'm surprised it didn't happen sooner. eBay can't play dumb anymore and look the other way and the government isn't going to keep "trusting" citizens to turn over eBay income information. If it affects you and you're mad, then your breaking the law anyways. If it affects you and you're already reporting taxes, it might make your life a little easier. Otherwise don't whine about it. Too many people are looking to complain these days.
Raduque
Lifer
Why should items sold on Fleabay get double-taxed? Unless it's coming from an actual business and not a person who's selling something they had hanging around, then there should be NO taxes involved - the IRS already stuck their finger in that item's pie, they don't deserve second helpings.
bluestrobe
Platinum Member
So many people are looking past these facts and playing the blame game that it's not even funny.
