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-   -   Reporting sales of large $$ items (http://www.net54baseball.com/showthread.php?t=310482)

BobC 11-18-2021 01:06 PM

Quote:

Originally Posted by Gnep31 (Post 2165499)
A lot of great information. Thanks for the thread!

If voting on the poll my vote is: I would never let the gov't steal even more of my $ if I could avoid it.

I won't sell on Ebay or anywhere else because of the fees, record of sale, potential taxes etc.

Full disclosure...I haven't sold anything in decades as my wife can attest...LOL. When it does come time to sell the deal(s) will be in person cash sales. ;)

One question I do have for the group.... What about a small collector who sets up at a local card show? Most don't have a business license. Are they expected to pay taxes?


What kind are you asking about?

Income tax..........sales tax..........both..........something else??????

Hankphenom 11-18-2021 03:45 PM

Quote:

Originally Posted by Leon (Post 2164745)
I thought it was spot on. Taking money from someone who earned it and giving it to someone who didn't earn it, is just wrong..

Sure, if you're talking about robbery, what idiot would be in favor of that? But how about taking some of your inherited wealth or lottery winnings to help people who are paralyzed or wasting away with Lou Gehrig's disease? Not so simple or "spot on" in reality. Any of us who pays taxes allow some of our money to be taken and given to others in one way or another, presumably to benefit society as a whole and therefore us, also. And we all know that some of it--maybe a lot of it--goes to those who game the system and don't really need it, but we do it anyway to help those who do need it. I think Jesus would approve.

tschock 11-18-2021 06:42 PM

Quote:

Originally Posted by Hankphenom (Post 2165610)
Sure, if you're talking about robbery, what idiot would be in favor of that? But how about taking some of your inherited wealth or lottery winnings to help people who are paralyzed or wasting away with Lou Gehrig's disease? Not so simple or "spot on" in reality. Any of us who pays taxes allow some of our money to be taken and given to others in one way or another, presumably to benefit society as a whole and therefore us, also. And we all know that some of it--maybe a lot of it--goes to those who game the system and don't really need it, but we do it anyway to help those who do need it. I think Jesus would approve.

False equivalency. Big difference between voluntary giving and involuntary giving. No earthly consequence if I don't put a dollar in the collection plate, is there.

Frankish 11-18-2021 06:52 PM

Quote:

Originally Posted by mrreality68 (Post 2165041)
I just play it safe and let my accountant handle the tax side. And I handle the paying the Tax side

Here, here.

Hankphenom 11-18-2021 07:54 PM

Quote:

Originally Posted by tschock (Post 2165662)
False equivalency. Big difference between voluntary giving and involuntary giving. No earthly consequence if I don't put a dollar in the collection plate, is there.

So all contributions to the systems everybody benefits from: roads and bridges, water, waste management, national defense, police and firefighters, and on and on, should be voluntary?


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