Comments on: The Government Is A Step Away From Taxing Your eBay Sales http://www.crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/ Gadgets, gear and computer hardware. Tue, 01 Dec 2009 08:58:04 -0500 hourly 1 By: Tom http://www.crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/comment-page-1/#comment-700112 Tom Mon, 19 May 2008 20:20:00 +0000 http://crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/#comment-700112 I think the greater point is being missed here. According to the IRS there are only two forms of income that do not have to be reported. Think about this: your kid sets up a lemonade stand several imes during the summer, makes $100 or so, guuess what- it's income AND reportable! and TAXABLE! Now enter Social Security wanting their share. Live in a state with personal Income Tax? You guessed it. Now how about those on Disability that have to sell things thay have collected over a life time to make ends meet? What's wrong with these scenarios? There are up wards of 500,000 pages of Tax Codes that even the IRS cannot figure out. Think about it! I think the greater point is being missed here. According to the IRS there are only two forms of income that do not have to be reported. Think about this: your kid sets up a lemonade stand several imes during the summer, makes $100 or so, guuess what- it’s income AND reportable! and TAXABLE! Now enter Social Security wanting their share. Live in a state with personal Income Tax? You guessed it. Now how about those on Disability that have to sell things thay have collected over a life time to make ends meet? What’s wrong with these scenarios? There are up wards of 500,000 pages of Tax Codes that even the IRS cannot figure out. Think about it!

]]> By: Renfru http://www.crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/comment-page-1/#comment-124249 Renfru Tue, 27 Feb 2007 20:02:59 +0000 http://crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/#comment-124249 I think Chief Justice John Marshall said it best, "The power to tax involves the power to destroy." I think Chief Justice John Marshall said it best, “The power to tax involves the power to destroy.”

]]> By: Eric Carlson http://www.crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/comment-page-1/#comment-123343 Eric Carlson Tue, 27 Feb 2007 02:45:18 +0000 http://crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/#comment-123343 I agree, Ebay sellers should be reporting their income if they are selling on ebay as a primary or secondary source of income. Also, if they do report their income as a sole proprietorship they will also be able to write off a lot of expenses, ebay and paypal fees, driving to post office, new computer/scanner/camera. Eric Carlson <a href="http://ebay-selling-guide.blgospot.com" rel="nofollow">Ebay Selling Guide</a> I agree, Ebay sellers should be reporting their income if they are selling on ebay as a primary or secondary source of income. Also, if they do report their income as a sole proprietorship they will also be able to write off a lot of expenses, ebay and paypal fees, driving to post office, new computer/scanner/camera.

Eric Carlson Ebay Selling Guide

]]> By: Anthony http://www.crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/comment-page-1/#comment-122936 Anthony Mon, 26 Feb 2007 19:19:20 +0000 http://crunchgear.com/2007/02/26/the-government-is-a-step-away-from-taxing-your-ebay-sales/#comment-122936 The IRS is targeting the professional sellers that make thousands of dollars in income and don't report it. It's unfair to small business owners who actually report their income. I know people don't like paying taxes, but at least be honest and report your correct earnings. The IRS is targeting the professional sellers that make thousands of dollars in income and don’t report it. It’s unfair to small business owners who actually report their income. I know people don’t like paying taxes, but at least be honest and report your correct earnings.

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