Curious...How have ebay sales been?

[Fballguy]

Originally Posted by ullmandds

This country is predicated on the concept if capitalism. If one sells stuff online...like a retailer...or rents part of their home to strangers(air bnb) like a hotel...why should they be immune from paying taxes? Everyone wants their cake and to eat it too!

I have been mostly not buying graded cards until this past weekend...i picked up a few on ebay and am very happy with the prices...even with the taxes.

Well for 250 years people in this country have eaten cake...and there's a difference between being a "retailer" and a guy who sells off his doubles when he gets an upgrade.

So safe to assume, you've been charging sales tax at your garage sales all along?

[bnorth]

Originally Posted by Fballguy

Well for 250 years people in this country have eaten cake...and there's a difference between being a "retailer" and a guy who sells off his doubles when he gets an upgrade.

So safe to assume, you've been charging sales tax at your garage sales all along?

I can only speak of the state I live in. Here you have to declare the sales as income when you do your income taxes. State and local(city) taxes depend on the exact location you are having the garage sale.

As a general rule I have noticed the people who don't pay their taxes are the first to complain when they don't receive the services they pay for.

EDIT: don't pay should be replaced by "complain about and try to not pay".

[Fballguy]

Just to be clear...You have to declare garage sale taxes in the state of South Dakota?

I find that hard to believe. I don't know what the garage sales are like in SD, but typically things sell for less than you paid for them. How is that taxable.

[bnorth]

Originally Posted by Fballguy

Just to be clear...You have to declare garage sale taxes in the state of South Dakota?

I find that hard to believe. How is it income unless you're selling it for a profit?

To be honest I have no idea of the exact details. All I know is what my WAY too honest accountant tells me what I have to do tax wise and that is what I do. I do know that over the last 30 years I have been audited by EVERYONE possible and never once had a problem.

When I was doing the side hustle of selling cards I paid sales tax on them. I have a life long friend that has a never ending rumage(garage) sale and he also pays taxes. We both based out "business" just outside city limits so we only pay(ed) state taxes and not city taxes.

[Fballguy]

Originally Posted by bnorth

I can only speak of the state I live in. Here you have to declare the sales as income when you do your income taxes. State and local(city) taxes depend on the exact location you are having the garage sale.

As a general rule I have noticed the people who don't pay their taxes are the first to complain when they don't receive the services they pay for.

How do you know so many people who don't pay taxes?