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New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !



 
 
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  #1  
Old December 14th 07, 12:57 AM posted to alt.collecting.8-track-tapes
trippin-2-8-track
external usenet poster
 
Posts: 365
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

Attention all you Ebay sellers- this is one proposal you may want to
get behind- Bush may ask for a law to be passed, whereby Ebay sales
would come under the IRS tax umbrella- and Ebay would actually issue a
statement, similar to a W-2 or 1099 form, showing total sales and
total transactions for each seller on Ebay per year.

Now the good part- all sales under $5000 per year, or under 100
transactions per year, would be exempt !

This is a WIN-WIN for most small Ebay sellers- and basically a $5000
tax shelter for the average guy/gal selling on Ebay. Reason- most
Ebay sellers fall under that amount of sales, and would be considered
exempt ! If you sell on Ebay and are claiming $5000 or less in gross
sales currently, it would all become TAX FREE ! You would no longer
have to claim it !!
"W" would basically be giving us all a $5000 tax deduction every year,
on sales of used household goods !!

Check it out:

http://arstechnica.com/news.ars/post...merge-on-irs-p...

Details emerge on IRS plans to tax eBay auctions
By Nate Anderson | Published: May 15, 2007 - 11:55PM CT

Changes are contained in the President's 2008 budget proposal.
Instead
of targeting only Internet auction sites, the current proposal
actually expands the definition of a "broker" to include middlemen
that don't actually function as the customer's agent in a
transaction--
like eBay, for instance. Brokers currently need to file a form with
the IRS that gives the name, address, and gross proceeds of each
customer they work for; under the new proposal, many more companies
would need to do the reporting.

The Treasury Department wants the change because, as the budget
request notes, "compliance increases significantly for amounts that a
third party reports to the IRS." But this isn't a change that will
apply to all eBay sellers; in fact, most will be exempt from the new
reporting requirements.

Internet auction sites will only be required to report customer
revenue information if the customer does more than 100 separate
transactions in a fiscal year and generates more than $5,000 in gross
proceeds. In a report from the Information Reporting Program Advisory
Committee (part of the IRS), the new proposal is supported by a 2005
study showing that over 700,000 Americans have a primary or secondary
source of income through eBay.





Ads
  #2  
Old December 14th 07, 02:35 AM posted to alt.collecting.8-track-tapes
William W Western[_2_]
external usenet poster
 
Posts: 107
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

It is common sense that any savvy taxpayer should have something going on as
a home business alongside their regular job. The writeoffs are most helpful
even if all you end up with is a well stocked tool crib and a few business
lunches. If it is something one enjoys (ie gunsmithing, lawncare, small
engine repair, etc) so much the better. Most folks can continue on with
these small enterprises into their "retirement" years. For those searching
for such an opportunity on the side, selling over the internet can be most
attractive. If the ground rules are as Trip outlines (and as well spelled
out as they appear [though I suspect anything from any government will be
full of open worded B.S. and obfuscation]) this is one sweet deal that would
benefit the independent go getter.

  #3  
Old December 14th 07, 08:47 AM posted to alt.collecting.8-track-tapes
DeserTBoB
external usenet poster
 
Posts: 3,541
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

On Thu, 13 Dec 2007 15:57:26 -0800 (PST), trippin-2-8-track
wrote:

Attention all you Ebay sellers snip


Noodles has gone bonkers again...posting over and over and over
again...enough to get yet another account yanked.

Way to go, 'tard boy!

Nice Christmas card, by the way...LMAO
  #4  
Old December 14th 07, 12:53 PM posted to alt.collecting.8-track-tapes
trippin-2-8-track
external usenet poster
 
Posts: 365
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !

On Dec 13, 8:35 pm, "William W Western"
wrote:
It is common sense that any savvy taxpayer should have something going on as
a home business alongside their regular job. The writeoffs are most helpful
even if all you end up with is a well stocked tool crib and a few business
lunches. If it is something one enjoys (ie gunsmithing, lawncare, small
engine repair, etc) so much the better. Most folks can continue on with
these small enterprises into their "retirement" years. For those searching
for such an opportunity on the side, selling over the internet can be most
attractive. If the ground rules are as Trip outlines (and as well spelled
out as they appear [though I suspect anything from any government will be
full of open worded B.S. and obfuscation]) this is one sweet deal that would
benefit the independent go getter.




and the funny part is, we have ****aro and DoucheBoob to thank, for
bringing this $5000 Ebay tax break proposal to light

to answer ****aro's previous dumb-ass question:

that would be 100 alignment tapes per year, allowed to be sold
legally, with no tax due

in rebuttal to DoucheBoob:

that would be $5000 a year tax free gross income- a tax break- that
any Ebay seller would get, that DoucheBoob himself cannot get- because
DoucheBoob is banned from Ebay

this is looking better by the minute...anything that specifically
excludes DoucheBoob, has to be good !
  #5  
Old December 14th 07, 12:54 PM posted to alt.collecting.8-track-tapes
trippin-2-8-track
external usenet poster
 
Posts: 365
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAXFREE !

On Dec 14, 2:47 am, DeserTBoB wrote:
On Thu, 13 Dec 2007 15:57:26 -0800 (PST), trippin-2-8-track

wrote:
Attention all you Ebay sellers snip


Noodles has gone bonkers again...posting over and over and over
again...enough to get yet another account yanked.

Way to go, 'tard boy!

Nice Christmas card, by the way...LMAO




as DoucheBoob posts his 4th reply...
  #6  
Old December 14th 07, 07:22 PM posted to alt.collecting.8-track-tapes
DeserTBoB
external usenet poster
 
Posts: 3,541
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

On Fri, 14 Dec 2007 03:53:04 -0800 (PST), trippin-2-8-track
wrote:

and the funny part is, we have ****aro and DoucheBoob to thank, for
bringing this $5000 Ebay tax break proposal to light snip


That's because you're too stupid to even read a newspaper now and then
and rely on drug addicts on AM radio for your "news." Don't you feel
stupid now?

to answer ****aro's previous dumb-ass question:

that would be 100 alignment tapes per year, allowed to be sold
legally, with no tax due snip


WRONG. Your "alignment tapes" are homemade frauds, and thus are
illegal.

in rebuttal to DoucheBoob:

that would be $5000 a year tax free gross income- a tax break- that
any Ebay seller would get, that DoucheBoob himself cannot get- because
DoucheBoob is banned from Ebay snip


HAH!

this is looking better by the minute...anything that specifically
excludes DoucheBoob, has to be good ! snip


Well, considering it'll never pass the Congress, I think you're
deluding yourself again...still.
  #7  
Old December 15th 07, 04:49 PM posted to alt.collecting.8-track-tapes
William W Western[_2_]
external usenet poster
 
Posts: 107
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

that would be $5000 a year tax free gross income- a tax break- that
any Ebay seller would get, that DoucheBoob himself cannot get- because
DoucheBoob is banned from Ebay

Based on what he has to say around here, I think dBob probably
has some skills he can turn into extra cash on the side without eBay's help.

  #8  
Old December 15th 07, 05:05 PM posted to alt.collecting.8-track-tapes
DeserTBoB
external usenet poster
 
Posts: 3,541
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

On Sat, 15 Dec 2007 15:49:11 GMT, "William W Western"
wrote:

that would be $5000 a year tax free gross income- a tax break- that
any Ebay seller would get, that DoucheBoob himself cannot get- because
DoucheBoob is banned from Ebay

Based on what he has to say around here, I think dBob probably
has some skills he can turn into extra cash on the side without eBay's help. snip


Methinks he is correct.
  #9  
Old December 16th 07, 07:22 PM posted to alt.collecting.8-track-tapes
trippin-2-8-trak
external usenet poster
 
Posts: 121
Default New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE !

there's an old saying, "if he coulda, he woulda"

DeserTBob's people skills are in the negative, on a scale of 1 to 10, just
look how he attacks and insults anyone who disagrees with him- which is most
likely why Bell Systems ****canned him in the first place

he talks a good job, SOMETIMES, but that is obviously lifted material from
electronics textbooks

anyone promoting a 30-year old Honda as a car of choice, taking their cues
from CNN and MSNBC, and backing global warming, isn't going to have much
success in small business !!



"William W Western" wrote in message
news:XHS8j.6260$_r2.1921@pd7urf1no...
that would be $5000 a year tax free gross income- a tax break- that
any Ebay seller would get, that DoucheBoob himself cannot get- because
DoucheBoob is banned from Ebay

Based on what he has to say around here, I think dBob

probably
has some skills he can turn into extra cash on the side without eBay's

help.



  #10  
Old December 17th 07, 01:18 AM posted to alt.collecting.8-track-tapes
DeserTBoB
external usenet poster
 
Posts: 3,541
Default New IRS proposal would send Nudo to prison for many years

On Sun, 16 Dec 2007 13:22:51 -0500, "trippin-2-8-trak"
wrote:

there's an old saying, "if he coulda, he woulda"

DeserTBob's people skills are in the negative, on a scale of 1 to 10, just
look how he attacks and insults anyone who disagrees with him- which is most
likely why Bell Systems ****canned him in the first place snip


There was no such company as "Bell Systems," dickhead...and no, unlike
you, I've never lost a business or been "****canned."

Why does Charlie Nudo lie so much? What else is his lying about?

See just some of his antics at:

http://nudowatch.blogspot.com

Better yet, Google "Charlie Nudo" and be totally amazed.
 




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