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IRS May Ask eBay To Snitch On Sellers

Posted by kdawson on from the taxman-cometh dept.

Makarand writes "The IRS thinks that many sellers on online auction sites are unaware of their obligation to declare their profits and pay their taxes to the IRS. Tax experts are now asking the IRS to require online auction sites like eBay, Yahoo, and Ubid to report the gross sales numbers for their sellers. Such a requirement will surely send a shock wave across the online trading world because it could drastically reduce the profits a seller would make on these sites. The IRS thinks it can collect an extra $2 billion in taxes from this requirement that auctioneers report sellers who complete 100 or transactions a year worth at least $5,000."

6 of 418 comments (clear)

  1. Re:Is there some law? - Actually no there isn't ! by Adeptus_Luminati · · Score: 0, Redundant

    Actually there is no such law for ANY taxes in the USA! Everyone just assumes there is one! And the IRS goons come after you if you don't pay taxes which kind of gets the population to file taxes out of fear, but in actual fact the IRS is constitutionally ILLEGAL! If you think I'm kidding, check this out:

    YOUTUBE trailer
    http://www.youtube.com/watch?v=rPypDaXfIV8 [youtube.com]

    Download the full movie torrent from here:
    http://btjunkie.org/search?q=Freedom+to+Fascism [btjunkie.org]

    --
    No trees were killed in the making of this post; however, many trillions of electrons were horribly inconvenienced.
  2. Re:We need to fight these tax laws by Adeptus_Luminati · · Score: 1, Redundant

    I agree, and I bet you'd love to learn that the IRS is actually an illegal and unconstitutional organization that behaves like the mafia when you don't do what they tell you to (pay them illegal taxes). Just watch this to see what I am talking about:

    YOUTUBE trailer
    http://www.youtube.com/watch?v=rPypDaXfIV8 [youtube.com]

    Download the full movie torrent from here:
    http://btjunkie.org/search?q=Freedom+to+Fascism [btjunkie.org]

    Pass this on to ALL your friends...

    --
    No trees were killed in the making of this post; however, many trillions of electrons were horribly inconvenienced.
  3. It's only fair by wheresmymomma · · Score: 0, Redundant

    It is only fair that large eBayers have to pay income taxes on what they make. They are not only competing against large retailers, but are also competing against small and medium sized brick-and-mortar stores (mom and pops!). We talk so much of free markets balancing itself, but by not collecting taxes (corporate rate of 35% of profits), this already gives ebayers a distinct advantage.

    This article is NOT talking about the following:

    • Sales tax. TOTALLY different issue, and usually if you already paid sales tax on the item, then you don't need to charge it again.
    • Used stuff. For the most part you're selling it for less than you paid for it, so technically you haven't made any money.
    • Small guys. If I made $5,000 on ebay, I would have probably spent $3,000 on purchasing the items, and on top of that, now I can deduct the cost of my computer, driving to the post office, internet, home office, etc. So it's not like i'm being taxed on ALL of my revenues.

    But what do I know, I'm just a pretend accountant.

  4. Put an end to this crap once and for all. by jcr · · Score: 0, Redundant

    Under the FairTax, there would be no tax due on sales of any used items.

    -jcr

    --
    The only title of honor that a tyrant can grant is "Enemy of the State."
  5. Re:Why pay income tax by Adeptus_Luminati · · Score: 0, Redundant

    Actually the 16th Amendment was never legal to start with. Most states never actually ratified it, and the ones that did had their senior government officials bribed. Think I'm kidding?

    Check this out:
    http://video.google.com/videoplay?docid=-431273027 7175242198&q=Freedom%2Bto%2BFascism

    --
    No trees were killed in the making of this post; however, many trillions of electrons were horribly inconvenienced.
  6. Re:We need to fight these tax laws by Adeptus_Luminati · · Score: 0, Redundant

    QUOTE: 'What part of "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration" do you not understand, dipshit? Wages are a source of income. Period. End of discussion. You lose.' ...ACTUALLY... that clause is not a valid part of law, because of the way in which it was instituted. If you read the details of how the 16th amendment came to be you will learn that most states did not actually ratify it, that it was imposed on December 24th (when most voting government officials were not in office) and that the few that voted it in were actually bribed! And if you think I'm full of it, then perhaps you might believe the MULTIPLE IRS agents that have quit the IRS, stopped paying taxes & went on national television about it explaining to the american citizens admiting that as soon as they discovered the truth that they took the actions they did. They have now joined 67 Million Americans that do not pay income tax.... but hey if you want to continue to be an ignorant sheep, that's your perogative.

    Here's the video backing up all my statements. Watch the whole thing, then judge for yourself.

    http://video.google.com/videoplay?docid=-431273027 7175242198&q=Freedom%2Bto%2BFascism

    Adeptus.

    --
    No trees were killed in the making of this post; however, many trillions of electrons were horribly inconvenienced.