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| Is this a bit much? |
| No, this should be taxed, it applys to the IRS. |
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17% |
[ 3 ] |
| No way, too much not my ebay items! |
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58% |
[ 10 ] |
| Other (please post below) |
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23% |
[ 4 ] |
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| Total Votes : 17 |
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 Posted: Tue Mar 29, 2005 7:27 pm
To far? Just right? Not enough?Hope you don't mind the not-so-great link. The IRS is considering to tax income and products sold on Ebay, I wanted to see what everyones thoughts where on this issue. -Are these trades exempt from the IRS taxing? Or (should) does the IRS stand on fair ground and should tax this?
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Posted: Tue Mar 29, 2005 9:26 pm
Well I don't even think there should be a sales tax. Fining and punishing consumers for helping build the economy is just wrong. I think government should be so small that there shouldn't even be a need for sales tax. In fact they shouldn't even be collecting income taxes (found unconstitutional by our founding fathers). That's right! I believe in a flat rate tax. Now, I'm still conscious of the poorest of the poor. The lowest income citizens will not even be taxed at all.
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Posted: Wed Mar 30, 2005 5:00 pm
VashZero5 I'm still conscious of the poorest of the poor. The lowest income citizens will not even be taxed at all. Naw THATS a great idea for a government Welfare program! Instead of spending Tax dollars on the poor, just don't collect any from them. That also means they will have to work some, instead of sitting around.
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Posted: Wed Mar 30, 2005 5:09 pm
ForsakenShadow The IRS is considering to tax income and products sold on Ebay, I wanted to see what everyones thoughts where on this issue. -Are these trades exempt from the IRS taxing? Or (should) does the IRS stand on fair ground and should tax this? So what, now we're trying to claim that we own the internet. Well that should just put us on good standing with the world. And they were worried about companies moving to India before. The only way they can have any credible claim to enforce taxes on these sites is if they're hosting them in the United States is if they're hosted in the United States. That's why there can still legally be child porn sites out there. You just have to host them in contries that don't have laws against it. And considering EBAY is an auction site, and auctions don't have you paying taxes on items anyways... I guess we should tax kids for trading pokemon cards now as well. 2 cents a trade I say, that should drive us up some money. And when will people realize that the easiest way to cut spending is to cut goverment?
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Posted: Sat Apr 02, 2005 7:18 am
I hate to burst you peoples bubble, but ALL income is taxable. While taxes are not what we want, there is the law to consider. If we are going to have taxes, we should at least apply them equally. The taxes would only apply to U.S. citizens who profit from Ebay. And yes, the income you get from a yard sale is taxable as well. Unless a specific exemption is written into the Tax code, I'm afriad the IRS is within it's rights. Of course, we are all going to try to get that exemption, and bring an end to all taxes in general, but until those happy days arrive, we have to pay them. I'll try to stop them from doing anyway, though. If we can stop them from collecting taxes on Ebay profits that are Taxable, then we have efectivly cheated the IRS.
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Posted: Sat Apr 02, 2005 10:06 am
High_Assassin I hate to burst you peoples bubble, but ALL income is taxable. While taxes are not what we want, there is the law to consider. If we are going to have taxes, we should at least apply them equally. The taxes would only apply to U.S. citizens who profit from Ebay. And yes, the income you get from a yard sale is taxable as well. Unless a specific exemption is written into the Tax code, I'm afriad the IRS is within it's rights. Of course, we are all going to try to get that exemption, and bring an end to all taxes in general, but until those happy days arrive, we have to pay them. I'll try to stop them from doing anyway, though. If we can stop them from collecting taxes on Ebay profits that are Taxable, then we have efectivly cheated the IRS. Yes, but they can't tax ebay directly for the profits. You'd have to report that on your income. It isn't the same as going to Ebay and saying that they have to make you pay these taxes for selling things on their site. Basically, in really lame and probably inaccurate terms, they want to enforce a sales tax on Ebay.
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Posted: Thu Apr 07, 2005 12:19 pm
Right. Speaking from a legal standpoint, the individuals making money selling items on ebay have to report their income or they're breaking the law. If they don't, they run the risk of the IRS catching them. Look at ebay as a large, international classifieds section. Someone makes a killing by selling cars through the newspaper somehow? He not reporting the income? He's gonna get burned.
P.S. - This reveals a flaw in income taxes. Unless you have a nation of 100% honest people, you have to have an investigatory aspect. That means you have to pay more taxes to keep a huge IRS building running in D.C.. This kind of thing makes property taxes (example: Texas) seem attractive- hard to hide how much land you own.
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Posted: Thu Apr 07, 2005 2:10 pm
Sinew Right. Speaking from a legal standpoint, the individuals making money selling items on ebay have to report their income or they're breaking the law. If they don't, they run the risk of the IRS catching them. Look at ebay as a large, international classifieds section. Someone makes a killing by selling cars through the newspaper somehow? He not reporting the income? He's gonna get burned. P.S. - This reveals a flaw in income taxes. Unless you have a nation of 100% honest people, you have to have an investigatory aspect. That means you have to pay more taxes to keep a huge IRS building running in D.C.. This kind of thing makes property taxes (example: Texas) seem attractive- hard to hide how much land you own. Exactly. Which is why freeloading on somebody else's extremly large plot of land is so productive. wink
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Posted: Sun Apr 10, 2005 4:17 pm
So then if a 14 year old girl babysits one hundred times a year, recieves a twenty dollar bill per session... (making $2000, the amount Wojnarowsky estimates her Ebay profits to be at)...
those need to be reported on her taxes in April as income?
I've never heard of babysitting profit being taxed.
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Posted: Sun Apr 10, 2005 6:05 pm
peekadora So then if a 14 year old girl babysits one hundred times a year, recieves a twenty dollar bill per session... (making $2000, the amount Wojnarowsky estimates her Ebay profits to be at)... those need to be reported on her taxes in April as income? I've never heard of babysitting profit being taxed. Mainly because it never gets reported as income. You actually have to report it as income to pay taxes on it. And if it's being given to her cash, there is no way the goverment is going to know, unless she babysits for an a** of an IRS agent.
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Posted: Tue Apr 12, 2005 5:34 pm
those who are babysitting are most probably within the lower income tax bracket, and thus, in practice, the IRS rarely issues audits for them. according to John Kerry's math, the upper 3% of income-earners are paying the biggest chunk of our income taxes anyway =p. there's also some debate about whether or not to step up enforcement of tip income tax reporting for waiters/pizza-deliverers.
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Posted: Thu Apr 14, 2005 12:59 am
Sinew those who are babysitting are most probably within the lower income tax bracket, and thus, in practice, the IRS rarely issues audits for them. according to John Kerry's math, the upper 3% of income-earners are paying the biggest chunk of our income taxes anyway =p. there's also some debate about whether or not to step up enforcement of tip income tax reporting for waiters/pizza-deliverers. lol I'll be delivering pizzas soon to help pay for college. I don't want that taxed.
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Posted: Fri Apr 15, 2005 3:07 pm
VashZero5 Sinew those who are babysitting are most probably within the lower income tax bracket, and thus, in practice, the IRS rarely issues audits for them. according to John Kerry's math, the upper 3% of income-earners are paying the biggest chunk of our income taxes anyway =p. there's also some debate about whether or not to step up enforcement of tip income tax reporting for waiters/pizza-deliverers. lol I'll be delivering pizzas soon to help pay for college. I don't want that taxed. I'd really love to see them try to catch you on cash exchanges with no reciepts. I really would.
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Posted: Wed Apr 20, 2005 6:49 pm
Jahoclave VashZero5 Sinew those who are babysitting are most probably within the lower income tax bracket, and thus, in practice, the IRS rarely issues audits for them. according to John Kerry's math, the upper 3% of income-earners are paying the biggest chunk of our income taxes anyway =p. there's also some debate about whether or not to step up enforcement of tip income tax reporting for waiters/pizza-deliverers. lol I'll be delivering pizzas soon to help pay for college. I don't want that taxed. I'd really love to see them try to catch you on cash exchanges with no reciepts. I really would. i wouldnt doubt it if congress just made an all-purpose estimate of the average tip amount, and apply it to all regions of the US, no matter what the income level is (and in my experience, income-level has a drastic effect on tips, poor people understandably tip low, and rich people never seem to know the value of a dollar). then pull up the number of deliveries you made (dont know about other companies, but at least dominos keeps track of the orders in a database with corresponding information as to who delivers what) and tax that. although, i'll revisit we would still be in the lower bracket, even as a full time job. but dont worry, they still get your money for social security out of your $5.15/hour (Louisiana minimum) before you touch the check.
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Posted: Fri Apr 22, 2005 7:13 pm
Sinew Jahoclave VashZero5 Sinew those who are babysitting are most probably within the lower income tax bracket, and thus, in practice, the IRS rarely issues audits for them. according to John Kerry's math, the upper 3% of income-earners are paying the biggest chunk of our income taxes anyway =p. there's also some debate about whether or not to step up enforcement of tip income tax reporting for waiters/pizza-deliverers. lol I'll be delivering pizzas soon to help pay for college. I don't want that taxed. I'd really love to see them try to catch you on cash exchanges with no reciepts. I really would. i wouldnt doubt it if congress just made an all-purpose estimate of the average tip amount, and apply it to all regions of the US, no matter what the income level is (and in my experience, income-level has a drastic effect on tips, poor people understandably tip low, and rich people never seem to know the value of a dollar). then pull up the number of deliveries you made (dont know about other companies, but at least dominos keeps track of the orders in a database with corresponding information as to who delivers what) and tax that. although, i'll revisit we would still be in the lower bracket, even as a full time job. but dont worry, they still get your money for social security out of your $5.15/hour (Louisiana minimum) before you touch the check. Well the good news is that our politicians are doing a good enough job of ******** up reforming social security so that it will default by 2024, which is also interestingly the first election in which I could run for president. So the key is to keep the politicians from coming up with a plan to save it.
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