Possible new tax law?

[commishbob]

Originally Posted by Exhibitman

IT'S NOT MORE TAXES: IT IS THE SAME TAXES YOU ARE ALREADY OBLIGATED TO PAY UNDER CURRENT LAW!

Forgive me for shouting but this sort of false statement is so frustrating for me to read that it makes me see red. A change to a reporting threshold does not impose new taxes. You won't pay one red cent in taxes more than you already owe--but for some people it means that cheating on their taxes gets much harder because the IRS will be able to check the data you submit in your tax return against what eBay reports to it. That's it.

Amen. Not sure how it gets twisted.

[Rich Klein]

I will also point out that Brick and Mortar stores (of all types) have complained about this disadvantage and the supreme court decision helped to level that field as well. So for 99 percent of the stores in all fields, this does level the field a bit.

Regards
Rich

[swarmee]

As I posted in the thread on Blowout, I am shocked that it is only expected to gain approx $1B a year in new income to the Federal coffers. Compare that to the $4 thousand billion dollars approved in stimulus packages in the last year...

I have to think that closing the auction house reporting loophole will be next.

[I Only Smoke 4 the Cards]

Originally Posted by Rich Klein

I will also point out that Brick and Mortar stores (of all types) have complained about this disadvantage and the supreme court decision helped to level that field as well. So for 99 percent of the stores in all fields, this does level the field a bit.



Regards

Rich

Agreed. Support your local shops!

Sent from my SM-G973U using Tapatalk

[doug.goodman]

Originally Posted by commishbob

Amen. Not sure how it gets twisted.

Hahaha.

We all know.

[insidethewrapper]

It's easy to see the cheats, they request "paypal friends and family" to avoid paying fees which should be paid for the purchae of merchandise.

[h2oya311]

Originally Posted by insidethewrapper

It's easy to see the cheats, they request "paypal friends and family" to avoid taxes etc. If I buy merchandise I don't pay with " F & F".

No, that’s to avoid the 3%+ in PayPal transaction fees. Has nothing to do with taxes. And to my chagrin, the last time I let a Net54 buyer pay with regular PayPal, he requested a refund when the card wasn’t to his satisfaction. No problem I think. I am a man of my word and my reputation is far more important than money. Well, it’s a problem when I don’t get refunded the 3% PayPal fee on the sale of those goods. Never again.

Carry on.

[doug.goodman]

Originally Posted by h2oya311

No, that’s to avoid the 3%+ in PayPal transaction fees. Has nothing to do with taxes. And to my chagrin, the last time I let a Net54 buyer pay with regular PayPal, he requested a refund when the card wasn’t to his satisfaction. No problem I think. I am a man of my word and my reputation is far more important than money. Well, it’s a problem when I don’t get refunded the 3% PayPal fee on the sale of those goods. Never again.

Carry on.

That sucks, the guy could have easily emailed you to say he wanted a refund.

Doug "My middle name is Richard, so trust me when I tell you that guy was a..." Goodman

[h2oya311]

Originally Posted by doug.goodman

That sucks, the guy could have easily emailed you to say he wanted a refund.

Doug "My middle name is Richard, so trust me when I tell you that guy was a..." Goodman

To clarify, I simply won’t sell on Net54 using PayPal goods again. PayPal f/f is fine. And the guy asking for the refund did everything right. I thought I did everything right. PayPal just wouldn’t refund the PayPal fees from using goods when I made the refund. I was dumbfounded.

[Leon]

Originally Posted by h2oya311

To clarify, I simply won’t sell on Net54 using PayPal goods again. PayPal f/f is fine. And the guy asking for the refund did everything right. I thought I did everything right. PayPal just wouldn’t refund the PayPal fees from using goods when I made the refund. I was dumbfounded.

Make sure you know your trading partner well.

[Tabe]

Originally Posted by h2oya311

To clarify, I simply won’t sell on Net54 using PayPal goods again. PayPal f/f is fine. And the guy asking for the refund did everything right. I thought I did everything right. PayPal just wouldn’t refund the PayPal fees from using goods when I made the refund. I was dumbfounded.

What? I've refunded several times things that were paid by goods and never got charged fees. You have to use the "refund" option inside the original transaction to do it but the fees are always removed. Unless the buyer paid by F&F, in which case you'd have to send F&F back to do the refund with no fees.

[glynparson]

Originally Posted by h2oya311

No, that’s to avoid the 3%+ in PayPal transaction fees. Has nothing to do with taxes. And to my chagrin, the last time I let a Net54 buyer pay with regular PayPal, he requested a refund when the card wasn’t to his satisfaction. No problem I think. I am a man of my word and my reputation is far more important than money. Well, it’s a problem when I don’t get refunded the 3% PayPal fee on the sale of those goods. Never again.

Carry on.

The only difference is you are cheating a private company where if you lie on your taxes you are cheating the government. Either way you are a cheat.

[h2oya311]

Originally Posted by glynparson

The only difference is you are cheating a private company where if you lie on your taxes you are cheating the government. Either way you are a cheat.

Thanks Glyn. I love you man. You are truly the most interesting man in the world.