taxes aren't going away, but our system could be much more honest and efficient
i'd be interested in thoughts/opinions
bump
Proclivities
There are always a few such people who demand the utmost of life and yet cannot come to terms with its stupidity and crudeness.
Location: Paris of the Piedmont Gender: Zodiac: Chinese Yr:
Posted:
Apr 23, 2013 - 9:58am
bokey wrote:
I've been looking into liquidating some superfluous flotsam and jetsam. I was beyond shocked to find out income from items sold on Ebay is taxable.
I think if you legally own it,you should be able to sell it without being penalized.
I can see taxing antique dealers and such,but getting taxed for selling your childhood Mickey Mantle baseball card or Grandma's tortoise shell hairpin?
I believe that income tax for eBay sales is generally more likely to be enforced if a seller is set up as a "business". Intermittently selling used items (like electronics, CDs, or books) for less than you paid for them, is not considered a profit, so it's generally not taxable income. A lot of it is still pretty vague, and probably subject to change; there is some more info on this IRS page. Even eBay is pretty vague about it.
I've been looking into liquidating some superfluous flotsam and jetsam. I was beyond shocked to find out income from items sold on Ebay is taxable.
I think if you legally own it,you should be able to sell it without being penalized.
I can see taxing antique dealers and such,but getting taxed for selling your childhood Mickey Mantle baseball card or Grandma's tortoise shell hairpin?
small business will be crushed even further under more bad regs/taxes this is akin to a bail out for the big brick and mortar businesses (wal-mart, best buy, etc)
"It is going to make online businesses the tax collectors for the nation," said Sen. Kelly Ayotte, R-N.H. "It really tramples on the decision New Hampshire has made not to have a sales tax."
The legislation has the backing of the senate majority leader, Democrat Harry Reid, but is being opposed by others including the Democrat Ron Wyden. Wyden argued in the senate last week that the bill would stifle innovation, impose an unfair burden on small business and give foreign businesses an unfair advantage over American companies.
"Maybe the sponsors of the bill should want to rename it the 'shop Canada' or 'shop Mexico' , because that's what it will be," he said.
And it's a fundamentally messed up idea. The point of taxes is that they are in support of something. Sales taxes support the infrastructure that supports those sales - police for a safe shopping environment, local government for traffic control and development standards, ect. Internet sales use none of these things and the infrastructure they do use is already supported by other taxes - gas taxes for delivery, B&O taxes for the delivery, warehouse and fulfillment companies, utility taxes for the communications portion of the deal. Are the beneficiaries of this tax doing anything to support the commerce that generates it? This is just a grab by cash strapped states because they see their retail tax revenue declining. In the end it will just wind up as another .gov enforced subsidy to states and will simply shift the true costs around to places it is less apparent. Regardless of who benefits in the end it's not a good idea.
small business will be crushed even further under more bad regs/taxes this is akin to a bail out for the big brick and mortar businesses (wal-mart, best buy, etc)
"It is going to make online businesses the tax collectors for the nation," said Sen. Kelly Ayotte, R-N.H. "It really tramples on the decision New Hampshire has made not to have a sales tax."
The legislation has the backing of the senate majority leader, Democrat Harry Reid, but is being opposed by others including the Democrat Ron Wyden. Wyden argued in the senate last week that the bill would stifle innovation, impose an unfair burden on small business and give foreign businesses an unfair advantage over American companies.
"Maybe the sponsors of the bill should want to rename it the 'shop Canada' or 'shop Mexico' , because that's what it will be," he said.
Finally did my income tax today. The sun was pretty hot in the living room, so i had to shade my beer with a box of cereal. Went from owing the Gov close to $1,000 to getting back a refund close to $500 to getting back a refund close to $1,500. I love making mistakes in my favor. But i think it has to do with the beer. Beer always brings me good luck. I should be allowed to drink and drive for that reason alone.
I will refer to the Allstate commercial where the man and woman are at a restaraunt and the woman is showing her safe driver discount to the chauvinistic guy who thinks men are better drivers; now in Dennis Haysbert's voice.......silence.
Finally did my income tax today. The sun was pretty hot in the living room, so i had to shade my beer with a box of cereal. Went from owing the Gov close to $1,000 to getting back a refund close to $500 to getting back a refund close to $1,500. I love making mistakes in my favor. But i think it has to do with the beer. Beer always brings me good luck. I should be allowed to drink and drive for that reason alone.
Ah, the old schedule 12OZ.
fuzzy
I know everything. I just don't always have time to Google it.
Location: GWN Gender:
Posted:
Apr 21, 2013 - 4:01pm
Finally did my income tax today. The sun was pretty hot in the living room, so i had to shade my beer with a box of cereal. Went from owing the Gov close to $1,000 to getting back a refund close to $500 to getting back a refund close to $1,500. I love making mistakes in my favor. But i think it has to do with the beer. Beer always brings me good luck. I should be allowed to drink and drive for that reason alone.
i think you should go with your conscience on this one...
How do you make a contribution to reduce the debt?
There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G Bureau of the Public Debt P. O. Box 2188 Parkersburg, WV 26106-2188
Please tell me your tongue is firmly embedded in your cheek!??
pray for me for the next 4 days (2 business days especially) this is the big thing, how i earn my chops. how i'm going to be able to negotiate, depending how it goes.
Location: 543 miles west of Paradis,1491 miles east of Paradise Gender: Zodiac: Chinese Yr:
Posted:
Apr 11, 2013 - 6:51pm
lily34 wrote:
pray for me for the next 4 days (2 business days especially) this is the big thing, how i earn my chops. how i'm going to be able to negotiate, depending how it goes.
pray for me for the next 4 days (2 business days especially) this is the big thing, how i earn my chops. how i'm going to be able to negotiate, depending how it goes.
i'd bet you have more confidence in yourself than you think! Time to shine!
pray for me for the next 4 days (2 business days especially) this is the big thing, how i earn my chops. how i'm going to be able to negotiate, depending how it goes.
pray for me for the next 4 days (2 business days especially) this is the big thing, how i earn my chops. how i'm going to be able to negotiate, depending how it goes.
But i think it has to do with the beer. Beer always brings me good luck. I should be allowed to drink and drive for that reason alone. 
