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Joined: Jan 2017
Posts: 8,928 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2017
Posts: 8,928 Likes: 4 |
Not just the irs, state gov't wants to tax you on everything you sell. I used to rent a table at gunshows to sell unneeded items I had that are hunting and shooting related, stuff that was my personal property. I am not in the resale business, they don't care they want state and local sales tax collected on it whether you have a sales tax license or not. Doesn't take a real genius to see the IRS could access all those state DoR records and cross reference them to your 1040 and ask you why you failed to claim income on them.(your personal property) in SD they even demand you collect sales tax on your driveway garage sale. They don t care about the profit they want tax on the whole sales price calling all of it profit whether you sold for more or less than you paid.
Just within the last couple of months the bitme gov't called on a banking regulation to report any movement over 600 bucks out of your checking or savings acts. Unbelievable but in fact they called for it. My customer service rep at my credit union told me it was squashed soundly. Buy something from a member here just get a certified cashier's check or pay cash face to face.
When you look at the piss poor state of the courts and law enforcement in this country today you see that only crimes they really pursue are traffic citations resulting in fines collected and mass shooting crimes easily solved so they can get positive PR. The way I see it...mb
Last edited by Magnum_Bob; 12/03/21.
" Cheapest velocity in the world comes from a long barrel and I sure do like them. MB "
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Joined: Nov 2008
Posts: 8,697 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2008
Posts: 8,697 Likes: 1 |
Just a question, since the old rule was 20K and 200 transactions at what point do you stop giving away free income to the professional garage sales hounds, and the folks that used eBay as a virtual garage sale.
How many on here could actually have so much stuff in their house that they could sell on eBay to meet that threshold? 600 bucks may be low but just where do you cut it off?
Swifty
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Joined: Oct 2010
Posts: 7,745 Likes: 8
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,745 Likes: 8 |
Those of you who live in California would be better off keeping your $600 worth of stuff, and just shoplifting anything new.
As long as you steal less than $950 worth of stuff each trip neither the police nor the IRS care.
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Joined: Sep 2021
Posts: 945
Campfire Regular
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Campfire Regular
Joined: Sep 2021
Posts: 945 |
Just a question, since the old rule was 20K and 200 transactions at what point do you stop giving away free income to the professional garage sales hounds, and the folks that used eBay as a virtual garage sale.
How many on here could actually have so much stuff in their house that they could sell on eBay to meet that threshold? 600 bucks may be low but just where do you cut it off?
I dumped $8k worth of stuff this year on Ebay, all was previously used outdoor gear by me for the past 30 years, just downsizing. I could have easily doubled that
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Joined: Apr 2010
Posts: 834
Campfire Regular
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Campfire Regular
Joined: Apr 2010
Posts: 834 |
I went pheasant hunting with the guy who created paypal So why didn't you accidentally shoot him?
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Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
Selling items for what you paid or less isn't income, so not reportable. How to you prove that you sold something at a loss? Record keeping.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Sep 2021
Posts: 945
Campfire Regular
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Campfire Regular
Joined: Sep 2021
Posts: 945 |
Selling items for what you paid or less isn't income, so not reportable. How to you prove that you sold something at a loss? Record keeping. You have records for things that are 30 years old? Stuff that was in your family? If so, bravo to you
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Joined: Jan 2012
Posts: 45,034 Likes: 26
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,034 Likes: 26 |
Sure as fugg aint paying cash anymore to trades people.
Plumbers , electricians, roofers ect ect ect.
They can get screwed and looked at just like I have too now by Joey and his band of 80,000 IRS agents he wants to hire for this bullschit.
Heard they have a starting threashold of some 26 dollar a day spent to trigger looking at your banking matters.
Fugging Liberal Socialist Democrats...
Honk for Joey.
All 15 cars in the high school parking lot on national TV..
JFC.......
Last edited by renegade50; 12/04/21.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
I went pheasant hunting with the guy who created paypal Elon Musk?
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Joined: Nov 2010
Posts: 19,038 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Nov 2010
Posts: 19,038 Likes: 2 |
I went pheasant hunting with the guy who created paypal Elon Musk? Al Gore.
Dave
�The man who complains about the way the ball bounces is likely to be the one who dropped it.� Lou Holtz
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Joined: Jul 2015
Posts: 14,747 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2015
Posts: 14,747 Likes: 2 |
Selling items for what you paid or less isn't income, so not reportable. How to you prove that you sold something at a loss? Printer. FIFY
Politics is War by Other Means
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Joined: Jan 2012
Posts: 45,034 Likes: 26
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,034 Likes: 26 |
I went pheasant hunting with the guy who created paypal Elon Musk? I went too. We smoked some really fantastic hydro skunk bud. Made s'mores that looked like rockets. Had a couple of Dr. Thunders. Didnt see or kill a single pheasant or shoot anyone in the face. I don't remember if we even loaded the guns.... All in all it was a good time.
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Joined: Feb 2013
Posts: 21,885 Likes: 12
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,885 Likes: 12 |
I tell ya fellas... Cash is gonna be King as the world implodes and uncle Joe starts sniffing your hair and ass personally.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jan 2012
Posts: 45,034 Likes: 26
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,034 Likes: 26 |
Elon surprisingly had a Mossberg 835.
With camo rocket ship hydro dipped camo design.
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Joined: Feb 2013
Posts: 21,885 Likes: 12
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,885 Likes: 12 |
Elon surprisingly had a Mossberg 835.
With camo rocket ship hydro dipped camo design.
I'm calling BS... Musk hates the pump. That is why he builds electric cars...
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jan 2012
Posts: 45,034 Likes: 26
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,034 Likes: 26 |
I tell ya fellas... Cash is gonna be King as the world implodes and uncle Joe starts sniffing your hair and ass personally. For private goods purchases between individuals you know. For services. Nope... All those working cash under the table can feel the pain of a wrote out check now specifically naming the work done. If Im gonna get examined, they need to also. No more paying Cletus cash to do a roofing job and letting him fly under the radar. Especially if Cletus is playing the unca suga handout system. Cause we all know many of em do... Cletus dont like it or say he needs more cause it is a check. I can find someone else. Later Cletus......
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Joined: Jan 2012
Posts: 45,034 Likes: 26
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2012
Posts: 45,034 Likes: 26 |
Elon surprisingly had a Mossberg 835.
With camo rocket ship hydro dipped camo design.
I'm calling BS... Musk hates the pump. That is why he builds electric cars... He had one man. I'm telling ya... Coulda been a 535. Really wasnt paying alot of attention. I was watching a grasshopper for a long time. I was pretty high....
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Joined: Sep 2004
Posts: 4,725
Campfire Tracker
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Campfire Tracker
Joined: Sep 2004
Posts: 4,725 |
26 bucks wont get you out the grocery store or past the gas oump. 600 wont buy tires or a transmission
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Joined: Sep 2003
Posts: 23,505 Likes: 11
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,505 Likes: 11 |
Yep. The cash guys I know are welfare queens with 6 kids and on every program invented. Probably make more than the legit guys and work half the time.
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Joined: Feb 2013
Posts: 21,885 Likes: 12
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,885 Likes: 12 |
I tell ya fellas... Cash is gonna be King as the world implodes and uncle Joe starts sniffing your hair and ass personally. For private goods purchases between individuals you know. For services. Nope... All those working cash under the table can feel the pain of a wrote out check now specifically naming the work done. If Im gonna get examined, they need to also. No more paying Cletus cash to do a roofing job and letting him fly under the radar. Especially if Cletus is playing the unca suga handout system. Cause we all know many of em do... Cletus dont like it or say he needs more cause it is a check. I can find someone else. Later Cletus...... If Cletus is $4k cash for a roof... and $8k as a check... Cletus will get 40 bennies.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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