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Started By
Message
3
Posted on 11/26/22 at 12:35 pm to Delacroix22
quote:
they aren't coming for the billionaires theyre comin
There are a heck of a lot more of us.. And for some reason we FAIL to FULLY make use of our primary means of PROTEST. (Voting)
It's just not Fair!!!
Posted on 11/26/22 at 12:38 pm to SlowFlowPro
quote:
This is going to cause such a shite show
You voted for this….
Posted on 11/26/22 at 12:44 pm to LCA131
I think u fail to realize that there are more leeches who are voters than producers now. We can vote all we want but when those leeches keep voting for the government to force u by threat of jail, fine and bullet to give up more of your money, you are helpless.
Posted on 11/26/22 at 12:47 pm to NPComb
quote:
What if you have a rental house that you charge slightly more than the mortgage but still take a loss on the property? How does that work?
If I recall correctly, you deduct the interest, property tax, maintenance, and depreciation from the rent to determine the profit.
Posted on 11/26/22 at 12:51 pm to Oates Mustache
Lefties - Tax the rich!
Biden - Best I can do is tax some single mom selling stuff on eBay to make rent.
Biden - Best I can do is tax some single mom selling stuff on eBay to make rent.
Posted on 11/26/22 at 12:54 pm to Delacroix22
quote:Sounds like trashy shoplifters complaining about new security cameras at Walmart.
taxation is theft
Honest payers recognize that better compliance reduces the pressure to raise rates.
Posted on 11/26/22 at 1:01 pm to Oates Mustache
quote:
Seems like Venmo, PayPal, etc would hate this new shite.
They absolutely do and lobbied against it. eBay also lobbied against it just like the collection of state sales tax.
Posted on 11/26/22 at 1:10 pm to Oates Mustache
quote:
IRS warns taxpayers about new $600 threshold for third-party payment reporting
I sold an iPad on Swappa. Just over $400 and some change. From what I can gather, Swappa provided my taxpayer status to PayPal.
This is the message I received from PayPal.
An individual selling at item who already paid taxes on this item is not a business and should have to pay tax again to the IRS.
This post was edited on 11/26/22 at 1:10 pm
Posted on 11/26/22 at 1:11 pm to WB Davis
quote:
Sounds like trashy shoplifters complaining about new security cameras at Walmart.
Honest payers recognize that better compliance reduces the pressure to raise rates.
Which branch of the government do you work for?
Posted on 11/26/22 at 1:17 pm to WB Davis
quote:
Honest payers recognize that better compliance reduces the pressure to raise rates.
Naive payers don't realize the gubment is coming after the middle class and not the wealthy.
frick the IRS. "Comply or else" is your motto, not mine.
they'll raise your rates without need. frick them.
Posted on 11/26/22 at 1:21 pm to RogerTheShrubber
Our tax system is needlessly complex and our federal government is incredibly bloated and most of it is unnecessary. They don't need more of our money.
Posted on 11/26/22 at 1:21 pm to Will Cover
quote:
An individual selling at item who already paid taxes on this item is not a business and should have to pay tax again to the IRS.
But this is only for items you make a profit, right?
If I buy a new road bike for $3,000 and sell it to Jeaux Boudreaux for $1,800, why the frick should I have to pay taxes on an item I already paid taxes on?
Posted on 11/26/22 at 1:22 pm to Oates Mustache
I'm sitting on about $25k in cash from selling two motorcycles and a car. I'm afraid to go deposit it in the bank, but I am keeping a ledger and receipts to show where it came from in a safety deposit box.
Posted on 11/26/22 at 1:24 pm to Turnblad85
quote:
They already charge sales tax
There are multiple jurisdictions and types of taxation.
It has gotten out of control but that is the world today.
Better start throwing some tea in the bayou, baw!
Posted on 11/26/22 at 1:24 pm to HubbaBubba
quote:
I'm sitting on about $25k in cash from selling two motorcycles and a car. I'm afraid to go deposit it in the bank, but I am keeping a ledger and receipts to show where it came from in a safety deposit box.
Just use it as your day-to-day spending money and don't deposit it. Kind of laundering it to yourself
This post was edited on 11/26/22 at 1:49 pm
Posted on 11/26/22 at 1:26 pm to Oates Mustache
quote:
buy a new road bike for $3,000 and sell it to Jeaux Boudreaux for $1,800, why the frick should I have to pay taxes on an item I already paid taxes on?
If this is personal, this falls under the hobby rules and is not taxable and loss in non-deductible.
You guys are melting over nothing.
The $600 threshold is overkill. With that said, you are responsible for reporting all worldwide income, even if not reported to the Feds.
This post was edited on 11/26/22 at 1:27 pm
Posted on 11/26/22 at 1:30 pm to Townedrunkard
quote:
You voted for this….
Who do you think I voted for, exactly?
Posted on 11/26/22 at 1:31 pm to Oates Mustache
Oh great more fleecing of the middle class in an era of record corporate profits.
Posted on 11/26/22 at 1:31 pm to fallguy_1978
quote:
Our tax system is needlessly complex
Yeah, we don't really have a rule of law, as our laws are overwhelming and complex involving every facet of life, and lawmakers are immune from much of what they put on us..
Lawyers get elected to perpetuate their industry.
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