Slashdot Mirror


User: LynnwoodRooster

LynnwoodRooster's activity in the archive.

Stories
0
Comments
10,294
First seen
Last seen
Profile
(view on slashdot.org)

Comments · 10,294

  1. Re:Already taxable on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    Not to the IRS. And not even to the State unless you wish to re-register the vehicle for use on public roads.

  2. Re:Already taxable on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    Yes, so rather than enforcing tax law against those businesses who risk running without reporting, we'll force everyone to greatly increase their reporting requirements. Yes, let's punish the many for the sins of the few.

  3. Re:Cue all the teabaggers blaming Obama... on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 2, Informative

    * The record national debt run up by Smirky & Snarly

    Which clearly is resolved by increasing the deficit by an order of magnitude...

    The national/global economic crash caused by 8 years of complete republican control

    I think Senator Tom Daschle (D - SD), Senate majority leader from June 2001 through January 2004 would disagree. As would Speaker of the House Nancy Pelosi (D - CA, speaker of the house from Jan 2007 to the present) and Senate Majority Leader Harry Reid (D - NV, from Jan 2007 to present). In fact, it seems that of those "8 years of complete republican control" about half of them saw divided Government.

    2 Unwinable wars in muslim nations for the benefit of the American multinational energy and military industrial complex corporations

    Which, apparently, the current Administration has decided to ignore and escalate, simultaneously.

    We now return you to your partisan rant...

  4. Re:Offshores? on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    Hey, you can even try working overseas, living overseas every day of the year, but then the IRS still demands their cut, even if you paid taxes on it already in your new country of choice! Uncle Sam wants it all, no matter where or how you earned it, or even if you've already paid taxes on it two or three times...

  5. Re:Why is income reported twice? on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    It's called penalties and interest of which the IRS makes a good amount of income from. If you - or the person reporting on you - mess up then you've created a situation where you are subject to high fees and interest on the error. Unless of course you are a high placed Government official like Tim Geithner or Charlie Rangel. Then it's just a simple mistake and not a problem at all...

  6. Re:it's worse than that on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    Don't forget the gas station. Or United Airlines. And the additional money spent with your CPA who now has to track all this extra activity. And he'll have to now report to the tax form printing company because of the exponential increase on 1099s. And that tax form printing company will have to report the paper supplier, who has to report the mill, who has to report the logger, who has to report the landowner...

  7. Re:1099's have been around for a long time on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 2, Informative

    So, what you're saying is that you've been avoiding/evading paying taxes in the past? The requirement for 1099s for $600 or more has been around for a long time.

    If you actually KNEW the law you would know that you only had to report for individuals who you paid more than $600 in a year. Not for companies (sole props, LLCs, or corporations).

    This new regulation means that if you buy a $600 color laser printer from Office Depot you need to issue Office Depot a 1099 tracking that purchase. And if you buy gas at Costco for your travel to your clients you probably have to issue Costco a 1099 as well. McDonald's for the food you buy. United Airlines for the air tickets. NewEgg for the computer equipment. Apple for the two development iPads. And on and on...

  8. Re:Already taxable on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 5, Insightful

    And if you actually read the details, you have to sell over $20,000 and have 200 transactions in order for it to be reported. This is not for people who sell their cell phone every 3 months.

    $20K is nothing; I can sell my classic car in my garage and exceed that amount. And since the regulations are not yet written (1099K is still in draft), the "and 200 transactions" is still up in the air. Knowing the desire for tax revenues, my opinion is that it'll end up being $20,000 OR 200 transactions.

    Additionally, if I sold my classic car for $25,000 (about what it's worth, and about about what I've put into it over the years), and had two garage sales where I sold a lot of my old clothes, computer parts, records, and trinkets (easily beyond 200 items), I could end up having to report. Having 50 transactions at a single garage sale is not that uncommon; having 4 garage sales a year (especially if someone is out of work and looking to raise money by selling assets) puts you into this new "you're a business even though you aren't" category.

  9. Re:Well for starters on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 4, Informative

    it means that they will have to collect your Taxpayer ID number and then validate it.

    so no illegal alliens can use E-bay.

    Perhaps you weren't aware that illegal aliens can get a ITIN (Individual Taxpayer Identification Number) from the IRS, and can actually report and file 1040s every year with that same TIN. Even when here illegally (thus making their entire income illegal).

    The IRS doesn't care as long as you pay taxes, unless they feel you didn't pay enough, then it's up to you to prove you paid enough not up to the IRS to prove you didn't.

  10. Re:Already taxable on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 1

    Actually, selling your own personal goods is not subject to income tax, even if there is an appreciation in the value (unless the item was bought for the sole purpose of investment). Buy a cell phone every 3 months then upgrading and selling the old one does not mean you have to pay income taxes on the sales of those phones.

  11. Re:it's worse than that on IRS Wants a Cut of Sales On eBay and Craigslist · · Score: 2, Informative

    Well what do you expect? If we're going to get a VAT tax you have to build in means of tracking every dollar of spending in the economy...

  12. Re:Solving problem in earnest on BP Says "Top Kill" Operation Has Failed · · Score: 1

    Why the US government could not build this giant cone itself?

    Because there is basketball to be played, and talks with daughters to be delivered. Add in the photo-ops and there's no time left for solutions...

  13. Re:Capitalism !! on Intel Sucks Up Water Amid Drought In China · · Score: 1
    Exactly; when evaluated on the "Communist = Marx's statement" scale (from each according to their abilities, to each according to their needs) the US and Western Europe are MUCH more Communist than China.

    .
    China's a fascist oligarchy, not a communist country. And it has a rather capitalistic economy as well.

  14. Re:Whats the big deal on Intel Sucks Up Water Amid Drought In China · · Score: 1

    It's China - you have to ask for the cold beer!

  15. Re:Two features on How Google Can Make Android Truly Tablet-Worthy · · Score: 1

    2) A way to capture something with a stylus. I have been looking for years for an easy note taking device. I don't want the Ipad to do handwriting to text, but capture the strokes and store them. They can be post-processed later. But it seems like the perfect device to do this. The issue now is twofold.

    This functionality in Notes on Windows Mobile is probably the single best, most-used feature of my phone. I use my WinMo phone for taking notes all over the place. Jot down a phone number, make quick drawings/sketches of ideas, etc. Stores them as drawings, not text. HIGHLY useful and rather surprising that it doesn't exist in the iPad. It's a natural for making large drawings.

  16. Re:Just give up. on What Microsoft Must Do To Save Its Mobile Business · · Score: 1
    Try SPB Mobile Shell. I rarely (like once a week) need to go into a Windows Mobile menu. Pretty much everything I need is an SPB UI-based app or interface, and it's very touch friendly. For WinMo 7 they need to redo the UI and leave the functionality as-is, and I don't think Microsoft is the best for the UI portion. New menu/dialog design elements that are finger friendly, with smart-scrolling (like SPB Mobile Shell integrates) of large dialogs or menus would go a LONG way to making is a great OS once again.

    .
    BTW, the i760 was my last phone, too... Great piece of hardware, hated to see it finally go, but a cracked LCD is a death-blow.

  17. Re:Just give up. on What Microsoft Must Do To Save Its Mobile Business · · Score: 1
    I'm with you. Windows Mobile offers features that NONE of the other mobile OS offerings can do. It gives up nothing in terms of capability and functionaliry. Where it has a problem is the UI; I solved that with SPB Mobile Shell, and now I have a UI that is what the iPhone and Android would be lucky to copy. And a great phone (HTC Touch Pro 2) as well.

    .
    What Windows Mobile needs is a better UI, not a change in feature-set or functionality. They should partner with SPB and give them free reign on the UI. Microsoft should concentrate on the OS and functionality, not the UI. Leave the UI to someone who can focus only on the UI and build a truly great device.

  18. Re:It's so sad on Apple Surpasses Microsoft In Market Capitalization · · Score: 1

    Probably because supporting two platforms is expensive, and if 90% of your user base has a Windows OS on a desktop that has plenty of power, it makes sense to focus on one platform only. In the technical hardware world, Linux/Unix is a real bit player.

  19. Re:It was ten years ago today, all my tech stocks. on Apple Surpasses Microsoft In Market Capitalization · · Score: 3, Insightful

    Last year, Exxon made about 2.5 times the profit of Apple, and had about 8 times the revenue. They also pay a nice dividend on their stock. How Apple is valued so close to Exxon really is a mystery. You need energy to live; mp3 players and iPhones? Not so much.

  20. Re:It's so sad on Apple Surpasses Microsoft In Market Capitalization · · Score: 1

    Or they're people like me who do CAD, schematic capture, and other technical jobs with software that only runs on Windows, and runs very well. In other words, we make money with it, rather than "hipster marks" while updating our Facebook account at the local Starbucks with our Mac.

  21. Re:Perfect temperature on Food Bloggers Giving Restaurant Owners Heartburn · · Score: 1

    You work at my local Domino's Pizza too, right?

  22. Re:Sigh... apple on iPad Steering Wheel Mount · · Score: 1

    The big question is if multitouch responds to your nose, chin, and cheek simultaneously?

  23. Re:Online prostitution?!? on Long Odds For Online Gaming Legislation In US · · Score: 1

    More than I have... At least, that's what she said in the chat room...

  24. Re:No so fast there... on National Academy of Science Urges Carbon Tax · · Score: 1

    Apparently you didn't read the link. Dr. Easterbrook is heavily published in peer-reviewed journals. Besides, all those claiming global warming who are published all the time seem to not be as accurate as Dr. Easterbrook. Maybe it's more important to be accurate than published in your favorite journal?

  25. No so fast there... on National Academy of Science Urges Carbon Tax · · Score: 2, Interesting

    One scientist who predicted the run-up in temps in the 90s, and the subsequent leveling off in the 00s (meaning he's been much more accurate than most of the pro-AGW scientists) says we're heading towards a few decades of global cooling. Perhaps a carbon tax isn't what we should do?