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<p>[QUOTE="Treashunt, post: 1764677, member: 6763"]I strongly believe that the IRS would differ with you on that point.</p><p> </p><p>Taxes are due if you earn more than $600 on an enterprise. Then you would deduct your expenses, and the net amount is subject to taxes.</p><p> </p><p> </p><p>The taxes (in this instance, as a dealer) include Income taxes + Social Security (6.2%) and Medicare (1.45%) as a business.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 1764677, member: 6763"]I strongly believe that the IRS would differ with you on that point. Taxes are due if you earn more than $600 on an enterprise. Then you would deduct your expenses, and the net amount is subject to taxes. The taxes (in this instance, as a dealer) include Income taxes + Social Security (6.2%) and Medicare (1.45%) as a business.[/QUOTE]
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