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<p>[QUOTE=&quot;-jeffB, post: 2740395, member: 27832&quot;]Well, up to 28 percent of it.</p><p><br /></p><p>Suppose you bought an ounce of gold at $1050, plus $10 shipping. You then sell it on eBay at $1250, and pay $125 in final value fees, $35 in PayPal fees, and $10 more to ship it to the buyer. Your cost basis is $1050 + 10 + 125 + 35 + 10 = $1230. How much do you owe the IRS? 28% of $20, or $5.60. (At most -- if you&#039;re in a lower tax bracket, you&#039;ll owe less.)</p><p><br /></p><p>I&#039;ve seen any number of anti-tax diatribes that try to claim you&#039;d be taxed 28% of $1250 on this transaction. That&#039;s... well, I&#039;d say &quot;a misconception&quot;, but I&#039;m pretty sure that &quot;lying&quot; is more accurate.[/QUOTE]</p><p><br /></p>

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