Posted on 03/14/2010 3:59:46 PM PDT by jsh3180
yep sucks big time... as I am Mr Bump
damm sucks, so long money...
eBay mandates use of PayPal now.
Considering every paypal sale I make is based upon a loss, it’s going to be fun getting cash back. Thanks, taxman, thanks.
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I concur ,, that used item I sell for $20 whether or not I purchased it new at full retail or at a garage sale for $5 will be reported as a loss with a cost basis of the full retail price. I gave up on eBay when they changed their feedback and PayPal policies... I may have to start selling again.
You’ll get both.
Remember how the lotteries were going to fund schools?
Yeah, right.
If a fundamentalist Libertarian view was taken, it would be preferable if such filings were not required at all.
Yet, at the present time, in the present realities, if they are legally required of all “bricks and mortar” merchants, then yes, they should be required of Internet based merchants and transactions as well.
I have a lot of concern about this. I’m a fulltime ebay and Amaazon seller, and I’ve been reporting my net income every year.
In some ways it will help me because it may drive out a lot of the sellers who’ve been making their money tax-free.
But I worry because the IRS being the IRS, they have a tendency to treat gross income as net income, as if I just sit at a computer all day and people magically send me money for no reason.
Good luck with that.
Mark of the beast.
Not good.
One more reason I have pretty much stopped selling on Ebay.
This will kill thousands of little cottage industry businesses like my wife’s and mine.
I quit almost 2 years ago when they raised fees again and took away my right to leave negative feedback on the bidders.
Was a 10,000+ shooting star in feedback and silver powerseller. Haven’t been back. Just too much BS to deal with.
Once in a while I will sell something of higher value for a friend or two for a piece of the action. Most of what I deal with is vintage radio gear that people in Asia go nuts over.
“Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against... We’re after power and we mean it... There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.”
(’Atlas Shrugged’ 1957)
Cash is King. These idiots will just force internet sales to go underground. The IRS sucks... “sweet land of liberty” is fading quickly.
Render unto Caesar...
Is there another site where you can sell "stuff" like on eBay? But with less hassle, and you can leave negative feedback about buyers?
I was just about to get started on eBay, and it's all gone to Hell lately, from what I've heard... :-(
More good news...
This is the mantra I’ve been preaching to folks who cross the border into NH. Screw the few frequent flier miles or 2 quarts of free gasoline, the clampdown has been coming.
Well, it’s here now - spot on Pearls.
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