PayPal users!!! Read this.

[Cadcom]

Just cause someone sends you funds does not mean it is “income”. Say I found a great price on steak at Publix and my brother, dad, friend, etc. asks to pick them up $125 worth. They send me funds via F&F to cover THEIR cost of goods. That is not income, don’t see how that can be taxed. Not saying they won’t, just saying shouldn’t, lol.

Tell that to yo president. Sounds.a lot like white privilege to me!

 

[JDUB]

A question....
If you purchase say a lawnmower for $1,000, and then after using it a couple time you decide to sale it online for $800, will you have to pay taxes if someone pays you by Paypal or other online payment??? I mean you lost $200 in the transaction. In my opinion you should get tax credit for $200!!!

And you already paid taxes on it once when you bought it.

 

[JekyllTidesFisher3181]

Tell that to yo president. Sounds.a lot like white privilege to me!

Exactly, just like everything else

 

[palmettomoon]

And you already paid taxes on it once when you bought it.

Not only that but you bought it (most likely) with after tax income.

 

[JDUB]

Taxed on everything you buy with taxed money. Hell. I took ownership of a hand me down vehicle that was paid for…and then paid 700$ in ad velorem just to title it. Not to mention I pay property tax on land already owned by me!!!

 

[Tattooron]

My thoughts exactly

 

[C ountry]

I had an item listed on e bay , was about 6 grand, I went to edit the ad and wouldn't let me proceed without giving them my ss number.
By By e bay

Flea markets are about to get classier stuff !

 

[Gingerbeard Man]

Paper money it is....

Although eBay and other retailers may survive a bit, this will cripple them in the long run. No sellers, no business.

How the hell can the government tax something used and have had taxes paid on it already? It's ridiculous.They do it with vehicles and now yard sale stuff?

It's about to get weird January 2022.

 

[jeep78]

Just cause someone sends you funds does not mean it is “income”. Say I found a great price on steak at Publix and my brother, dad, friend, etc. asks to pick them up $125 worth. They send me funds via F&F to cover THEIR cost of goods. That is not income, don’t see how that can be taxed. Not saying they won’t, just saying shouldn’t, lol.

You will get a chance to prove it, maybe.

 

[jeep78]

And you already paid taxes on it once when you bought it.

And you get to pay taxes again every time it is sold.