NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Postwar Sportscard Forums > WaterCooler Talk- Off Topics

Reply
 
Thread Tools Display Modes
  #1  
Old 10-08-2021, 06:06 AM
megalimey megalimey is offline
Davi.d Sha.kir
 
Join Date: Jul 2012
Location: florida
Posts: 1,284
Default delete

deleted

Last edited by megalimey; 10-08-2021 at 10:06 PM. Reason: political
Reply With Quote
  #2  
Old 10-08-2021, 06:34 AM
Cliff Bowman's Avatar
Cliff Bowman Cliff Bowman is online now
Member
 
Join Date: Jan 2010
Location: Near Atlanta
Posts: 2,517
Default

Quote:
Originally Posted by megalimey View Post
forget big corporations lets go after the little guy easier to push around
The "little guy" doesn't donate millions of dollars to the current "big guy" like the big corporations.
__________________
“interesting to some absolute garbage to others.” —- “Error cards and variations are for morons, IMHO.”
Reply With Quote
  #3  
Old 10-08-2021, 08:08 AM
earlywynnfan's Avatar
earlywynnfan earlywynnfan is offline
Ke.n Su.lik
 
Join Date: Apr 2011
Posts: 2,230
Default

Quote:
Originally Posted by Cliff Bowman View Post
The "little guy" doesn't donate millions of dollars to the current "big guy" like the big corporations.
Or the most recent "big guy." Or any "big guys."
Reply With Quote
  #4  
Old 10-08-2021, 04:53 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,275
Default

Quote:
Originally Posted by megalimey View Post
tax man coming after ebay sellers of more than $600 in a year
forget big corporations lets go after the little guy easier to push around
see link

https://money.yahoo.com/irs-cracking...173850504.html
This has been known since this past Spring, and I'd mentioned it in posts at least a couple times over on the main board already. Oddly, it didn't seem to cause much conversation or comment when I did. And I don't believe this is just relevant to Ebay sales alone either. It is changing the current threshhold for third party reporting of online and related types of sales from having a minimum of at least $20,000 in sales AND at least 200 total sales before reporting was required via form 1099-K. Going forward the only threshhold will be that total annual sales reach at least $600, regardless of how many sales transactions one actually has.

And why do you say this is pushing and going after the little guy, and making it sound like something unfair is being done? There never was any de minimis sales amount which people operating and selling as a business could stay below and not still be required to report on their taxes. Most people just never reported it because they knew the IRS didn't know about their sales and business otherwise. It is like all the people who bitch and moan about how Ebay and more AHs now collect sales tax on purchases that in prior years wasn't being charged and collected from them. Truth is, pretty much every state with a sales tax also has what is known as a use tax. The use tax is the amount a buyer who didn't get charged sales tax is supposed to voluntarily pay to their state anyway. Thing is, pretty much no one was doing it and therefore cheating their states out of the sales tax due them.

No one is really getting pushed around, and the biggest and loudest complainers are typically those that want to cheat and not pay their taxes that are due, sales, income or otherwise.
Reply With Quote
  #5  
Old 10-09-2021, 12:30 AM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,275
Default

Interesting that the OP went back to delete his entire opening post and thread title. He obviously missed that whatever he posted would still show up in anyone's thread that quoted him. So now I'm really curious why he wanted to delete it.......
Reply With Quote
  #6  
Old 10-09-2021, 06:18 PM
bnorth's Avatar
bnorth bnorth is offline
Ben North
Member
 
Join Date: Jun 2013
Location: South Dakota
Posts: 9,795
Default

Quote:
Originally Posted by BobC View Post
Interesting that the OP went back to delete his entire opening post and thread title. He obviously missed that whatever he posted would still show up in anyone's thread that quoted him. So now I'm really curious why he wanted to delete it.......
I am guessing the last line in your previous post.
Reply With Quote
  #7  
Old 10-09-2021, 11:01 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,275
Default

Quote:
Originally Posted by bnorth View Post
I am guessing the last line in your previous post.
LOL

You may have point there. The last thing someone not doing things in accordance with the law should be doing is posting about it online on a public forum. That's also why I mentioned him possibly not realizing that when his post gets quoted by someone else in the thread that he can't delete it then.

And what I said in that last line is pretty much true. Just go back and find some of those threads on here talking about sales taxes when Ebay started collecting it on everything, or as more and more auction AHs were forced to start collecting it in more and more states. There always seemed to be a few posters hemming and hawing about how and why they shouldn't be paying sales tax now because they didn't have to pay it before. I'm sure none of them liked me informing them that they had been breaking their state sales tax laws by not paying in the use tax they owed.

And a similar thing may start happening now that the reporting threshhold for having online sales is dropping to just $600. So anyone just casually running a few sales through Ebay, or maybe through their own site where they take payment through some service like Paypal - Goods & Services, may now start getting a 1099-K form reporting those sales as income. And copies of those 1099-K forms will also all be going to the IRS, who will match every single one of them back to the tax return of the person or entity that the sales proceeds went to. And unless people/entities start including these reported gross taxable sales proceeds on their tax returns, and then deduct any eligible tax deductible expenses against those reported gross sales proceeds so they only end up paying income taxes on their net taxable income, the IRS will consider 100% of those reported 1099-K sales proceeds as their taxable income. And the IRS will likely consider that as subject to self-employment taxes also.

There are probably quite a few people, maybe a million plus, or even more, in the past that got away with never reporting and paying taxes on these small businesses they've actually been operating all along. Whether they really didn't know they were supposed to, or did know and simply chose to not follow the tax laws, it won't make a difference going forward as the IRS will now have this info in their system. I am merely mentioning it so people know what they may be looking forward to. For whatever reason, this new $600 reporting threshhold didn't make a big splash when it first got passed back in this past Spring. As we're getting closer to 2022, when this takes effect, seems people are finally picking up on this new law change and starting to pay attention to it.

As I've mentioned on this forum in the past, people who are into and collect/deal in sports cards and memorabilia can end up in any one (and possibly multiple) category(ies) as either what I have termed a dealer, investor, or collector. And depending on what category(ies) they may fall into, each one has seperate and distinct federal income tax consequences that come from sales of items that person has that fall under each of those categories.

Quite frankly, this new tax reporting rule is going to turn out to be a real pain in the arse for an awful lot of people.
Reply With Quote
  #8  
Old 10-12-2021, 03:39 PM
SAllen2556's Avatar
SAllen2556 SAllen2556 is offline
Scott
Scott All.en
 
Join Date: Nov 2013
Location: Detroit
Posts: 600
Default

UH OH:

The Internal Revenue Service is hiring thousands of new auditors as it gears up for a potentially massive tax-enforcement push if Congress is able to pass an infrastructure plan that includes $40 billion to expand audits on the wealthy.

The IRS small business and criminal investigations divisions are adding thousands of new tax enforcement employees as the agency seeks to rebuild the roughly 17,000 audit staff lost in the past decade, officials said Friday.

The agency’s small business unit will add about 2,000 new workers, including 1,300 revenue agents, before the IRS’s fiscal year ends at the end of September, De Lon Harris, co-commissioner of the division, said at a tax conference at New York University. The criminal investigations division will add more than 500 people this year, with about half of those being special agents, said James Lee, who leads the criminal unit.
Reply With Quote
  #9  
Old 10-12-2021, 06:20 PM
irv's Avatar
irv irv is offline
D@le Irv*n
Member
 
Join Date: Jan 2016
Location: Ontario, Canada.
Posts: 6,662
Default

What they should really be doing is investigating those that get elected with just a base salary but end up with millions in net value and assets after not too many years in power.
Going after the little guy is all about more gov't control and taxation.
Anyone hear about the new credit card that will watch your carbon credits then tax/punish you if "they" think you spend too much on those sort of things all in the name of global warming?
Funny times ahead, people. Bank on it.

"The Aspiration Zero card can help you shop responsibly
The Aspiration Zero is a carbon credit card issued by Aspiration, a sustainable neobank that tracks the carbon emissions of your purchases. With each purchase, Aspiration will plant a tree to offset your carbon footprint"
https://www.dezeen.com/2019/05/03/do...e-credit-card/
https://www.marketwatch.com/story/ma...ts-11618229211
https://www.thebalance.com/mastercar...tprint-5176550
Reply With Quote
  #10  
Old 10-12-2021, 09:47 PM
Mark17's Avatar
Mark17 Mark17 is offline
M@rk S@tterstr0m
Member
 
Join Date: Aug 2011
Location: Minnesota
Posts: 1,872
Default

Quote:
Originally Posted by irv View Post
Anyone hear about the new credit card that will watch your carbon credits then tax/punish you if "they" think you spend too much on those sort of things all in the name of global warming?
Funny times ahead, people. Bank on it.

"The Aspiration Zero card can help you shop responsibly
The Aspiration Zero is a carbon credit card issued by Aspiration, a sustainable neobank that tracks the carbon emissions of your purchases. With each purchase, Aspiration will plant a tree to offset your carbon footprint"
https://www.dezeen.com/2019/05/03/do...e-credit-card/
https://www.marketwatch.com/story/ma...ts-11618229211
https://www.thebalance.com/mastercar...tprint-5176550
Cool! That means I get extra points every time I buy a hamburger, because I've had a hand in killing off a burping, farting cow.
Reply With Quote
  #11  
Old 10-12-2021, 11:06 PM
BobC BobC is offline
Bob C.
 
Join Date: Apr 2009
Location: Ohio
Posts: 3,275
Default

Quote:
Originally Posted by Mark17 View Post
Cool! That means I get extra points every time I buy a hamburger, because I've had a hand in killing off a burping, farting cow.
Actually no, because of all the cows they need to keep reproducing to maintain the herds and keep producing beef for the evergrowing population. Plus you have to factor in all the other resources required to get the cattle to maturity and the overall cost carbon footprint-wise to raise and bring to market a pound of beef. Buying that burger just gives the cattle industry a reason to raise even more cattle, not less.
Reply With Quote
  #12  
Old 10-13-2021, 01:08 AM
Mark17's Avatar
Mark17 Mark17 is offline
M@rk S@tterstr0m
Member
 
Join Date: Aug 2011
Location: Minnesota
Posts: 1,872
Default

Quote:
Originally Posted by BobC View Post
Actually no, because of all the cows they need to keep reproducing to maintain the herds and keep producing beef for the evergrowing population. Plus you have to factor in all the other resources required to get the cattle to maturity and the overall cost carbon footprint-wise to raise and bring to market a pound of beef. Buying that burger just gives the cattle industry a reason to raise even more cattle, not less.
I didn't birth the cow, I didn't raise it or feed it or teach it to fart. Others bear that guilt.

My involvement with the cow is that I terminated its life, then terminated its carcass.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Will sellers continue to sell on Ebay under the new EBAY MANAGED PAYMENTS?? bobbyw8469 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 87 06-30-2020 02:27 PM
Attn ebay sellers, make sure you use ebay labels cardsnstuff Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 0 02-26-2020 03:38 PM
Any ebay 15% off coupons coming?? JollyElm Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 19 06-04-2019 04:01 PM
Ebay sellers - high shipping cost even after eBay took part of pie? asphaltman Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 19 11-08-2013 12:55 PM


All times are GMT -6. The time now is 10:02 AM.


ebay GSB