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Re: The tax man is here
[Re: Cynical]
#3654077
04/17/22 01:47 PM
04/17/22 01:47 PM
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Joined: Dec 2014
Posts: 3,772
Pace, FL
daylate
10 point
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10 point
Joined: Dec 2014
Posts: 3,772
Pace, FL
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I pay for some of my hunting and fishing expenses each year by selling stuff on ebay. I just got a notice from them that the IRS will be taxing every penny of it as income from now on. That is in addition to the 13% that ebay already takes. This was one of the new taxes the Democrats came up with. All the stuff I sell is stuff I bought and paid sales tax on already. Not worth using ebay anymore. The Democrats would take 100% if they could find a way. I’m not super sympathetic for you. You’re basically running a side hustle on eBay for income, and you should absolutely pay income tax on that side hustle just like other hustlers and hard workers on eBay and beyond eBay. Same for sales tax; you can get a resale exemption so you don’t pay sales tax on things you buy for resale, but you should be collecting and remitting sales tax on eligible sales anyway. It isn’t a new burden, it’s simply one you’ve ignored. Look at it as an opportunity to grow your business into a legitimate operation instead of a side hustle. It could be the best thing to ever happen to you. Well I will just agree to disagree with you. I am not a hustler, just trying to salvage a little something from things I have bought over the years and no longer need. Couldn't care less if somebody does not approve or agree.
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