To: netmilsmom
This won’t affect most people...Unless you have a transaction greater than $10,000 or more than 200 transactions (IIRC).
46 posted on
07/28/2008 12:12:32 PM PDT by
steve86
(Acerbic by nature, not nurture™)
To: steve86
This won’t affect most people...Unless you have a transaction greater than $10,000 or more than 200 transactions (IIRC). For now.
What upcoming bill will have a small provision reducing those numbers?
51 posted on
07/28/2008 12:19:13 PM PDT by
hripka
(There are a lot of smart people out there in FReeperLand)
To: steve86
...."Unless you have a transaction greater than $10,000 or more than 200 transactions.....”
OK, That might explain Ebay, but why Google or Amazon? Doesn't Amazon pay their taxes? They want to know what you BUY!!
I agree they want to crack down on power sellers on Ebay, but all the transactions will cover what you buy.
54 posted on
07/28/2008 12:28:17 PM PDT by
chuckles
To: steve86
The reporting provision would apply to merchants who earn more than $10,000 and make more than 200 transactions annually.
Thats almost everyone. Not per transaction over 10k, but earnings of 10k per year.
56 posted on
07/28/2008 12:31:39 PM PDT by
BGHater
(It is easy to be brave from a distance.)
To: steve86
This won’t affect most people...That's what they said about the federal income tax in 1934.
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