[Fred]

When we get friendly reminders from Leon to withhold 24% for BST sales to pay your capital gains and for everyone to start including the applicable sales tax to BST sales, then we'll know things have gone totally nuts.

I guess it's good that fleabay is providing these types of irritating reminders but 24% seems crazy. What if the gain on the card sale is 20%? You'd be paying more in taxes than the actual capital gains. Ok, I'm sure people would figure it out. Perhaps it's more of a friendly reminder that fleabay is now providing/reporting information to the IRS. At least they're trying to make sure the seller isn't going to be blind sided at the end of the year.

If I ever start selling on fleabay, I'll make sure to keep good records and not get burned at the end of the year..

Edited to add - ok replace ebay with paypal in the post.