If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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
|
|||
|
|||
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. |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
New Bush proposal would allow $5000 yearly in Ebay sales- TAX FREE ! | trippin-2-8-track | 8 Track Tapes | 13 | December 15th 07 09:18 PM |