ebay and taxes

Almost EVERY state has that Use Tax loophole closer. The thing is almost no one sends in the Use Tax. Tell us Phil, since you don't think we pay enough taxes, do you keep careful track of everything you buy from out of state and then send in your Use Tax every year like a good taxpayer?

And as for record deficits, paying more taxes would not stop that. Look back through the past forty or fifty year and you will see that every time taxes have been raised (or cut which resulted in an INCREASE in revenues) the politicians have responded with a much greater increase in the amount of spending and even greater deficits. I seriously believe we could be taxed at 100% and the politicians would still spend more, borrow from others and we would still run a deficit.

 

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The only thing in this economy that is working, quick let's tax it.

 

I think we should tax Phil's avatar!

 

Wow, thats the first time I've ever heard anyone say that. I don't know about you, but I pay enough into taxes every year to buy about 3.5 BMW's with all the bells and whistles. If the government mismanages the wealth I send their way thats their problem, not mine. I think I pay quite enough.
Guy~

 

Well..."technically"...you are them.

 

I understand the state tax being due on local sales.. Now if I deal ONLY in U.S. Coin & Currency... Do I still have any tax due? I was told you can't tax money..

 

Good heavens,,, how can anyone propose we tax more. The U.S. is bleeding technology and working knowledge oversea's every day in mass.... 17% unemployment and growing. You can't compete in an open global market when Hong Kong offers 0% tax rates and we hit companies with 30%,,,, so lets expand the tax on the individuals and small buisness!! I can see the work arounds now,, dealers will route all sales through a flash company set up overseas and let the $'s hit thier books........... omg,, hilarious.... and sad.

 

I was told a lot of things too. Some turned out to be true and SOME DID NOT.

 

Starting in 2011, PayPal and other "broker" agents will have to report the earnings of users who go over a certain amount. That will go a long way toward collecting income tax from many ebay businesses.

 

I assume that you mean sales rather than earnings. There is not way PayPal has a clue what anyone's earnings are aside from their own.

 

No kidding. I tend to sell stuff that I lost money on on Ebay (cutting my losses).

 

you are right, but I'm not sure the IRS will see it that way

You are right, and it will mean these garage businesses will have to start keeping careful records. That bookkeeping is overhead that many ebayers haven't had before. It will start evening the playing field.

 

So ebay will move thier operations to Hong Kong or other Asian country that is not subject to this regulation and the problem is solved,, and a bunch of U.S. ebay employee's either move or hit the unemployment line. Either we shut the door abit, or we have to align tax regulations with those we are now competing with, or ebay ops moves overseas and is subject to Asian broker laws and tax regulations. Wonder what that will do to the playing field......

 

http://www.quatloos.com/Q-Forum/vie...039&hilit=+irs+computers+fortran+cobol#p83039

The IRS is way behind the curve when it comes to having the latest computers to identify tax non-compliance.

 

My message here is not pro or con -- it's just laying out some facts:

Actually -- it is a loophole. And the IRS can't do anything about it, unless Congress wants to change a law vis-a-vis internet sales (unless the seller has a physical presence in the state). And so a combination of E-commerce giants like Amazon, etc., combined with those who are anti-tax all the time have been able to defeat the major brick-and-mortar giants (Walmart, Barnes and Noble, etc.) who complain that this state of affairs is unfair to the latter.

(As for our general level of taxation: The US at 26.1% pays less tax than any other industrialized country except Japan at 25.8; as for our corporate rate: while our nominal top tax rate of 35% is among the highest, because of loopholes our real tax rate of 18% is among the lowest real corporate tax rates)

 

Death and (CA) Taxes

California taxes sales of coins for transactions less than $1,500. If you win a Heritage Auction item (vial an internet auction) and are in California, they will add CA sales tax. Heritage also adds state taxes if you live in Texas.
Trust me on this one as I have contributed my share to my state's insatiable desire for revenues.

 

That's silly and niave... The outflow of mfg from the U.S. to other countries would not be happening if this were the case,, or are you unaware of this. The facts you post look good on paper but do not reflect actual negotiated median or mean corporate tax rates among industrialized countries.... Most corps go into deals with other countries at much lower tax rates than you've posted here. Even your book rates are misleading......Ireland (assuming you consider them industrialized is 10% corp rate), east block european countries are lower,, Asian countries are even lower than that........... and almost all other countries other than the U.S. will cut long term deals with large multi-nationals for even lower rates (LIKE 0% to 3%).... I've heard of business cases for keeping mfg locations in the U.S. where it would not have mattered if the employees worked for free (literally), the tax incentives in other locations were simply that much better than our current 18% real tax rate....
.... and do you think for a second that Asian countries are hitting thier folks selling the fakes from China for income tax, or are planning to... :whistle:
oh man... let's all hug a tree and sing a campfire song.hya:

 

... and don't even get me started on the state tax kicker that corps have to put up with in many states.... Here is where negotiations start, pre-loopholes and deals.

Rank​

Country​

Corporate
Income Tax
Rate 2008​

Corporate
Income Tax
Rate 2007​

Change from
2007 to 2008​

1​

Japan

39.54​

39.54​

0.0​

2​

United States

39.25​

39.26​

0.0​

3​

France

34.43​

34.43​

0.0​

4​

Belgium

33.99​

33.99​

0.0​

5​

Canada

33.50​

36.12​

-2.6​

6​

Luxembourg

30.38​

30.38​

0.0​

7​

Germany

30.18​

38.9​

-8.7​

8​

Australia

30.00​

30.0​

0.0​

9​

New Zealand

30.00​

33.0​

-3.0​

10​

Spain

30.00​

32.5​

-2.5​

11​

Mexico

28.00​

28.0​

0.0​

12​

Norway

28.00​

28.0​

0.0​

13​

Sweden

28.00​

28.0​

0.0​

14​

United Kingdom

28.00​

30.0​

-2.0​

15​

Italy

27.50​

33.0​

-5.5​

16​

Korea

27.50​

27.5​

0.0​

17​

Portugal

26.50​

26.5​

0.0​

18​

Finland

26.00​

26.0​

0.0​

19​

Netherlands

25.50​

25.5​

0.0​

20​

Austria

25.00​

25.0​

0.0​

21​

Denmark

25.00​

25.0​

0.0​

22​

Greece

25.00​

25.0​

0.0​

23​

Switzerland

21.17​

21.32​

-0.1​

24​

Czech Republic

21.00​

24.0​

-3.0​

25​

Hungary

20.00​

20.0​

0.0​

26​

Turkey

20.00​

20.0​

0.0​

27​

Poland

19.00​

19.0​

0.0​

28​

Slovak Republic

19.00​

19.0​

0.0​

29​

Iceland

15.00​

18.0​

-3.0​

30​

Ireland

12.50​

12.5​

0.0​

​

OECD Average

26.6​

27.6​

-1.0​

 

Huh? There are lots of factors relating to why mfg might move from one country to another -- taxes is only one. Cost of labor is a big factor, too. As is cost of health care, educational level needed vs supplied, cost of raw materials, and so forth.

 

California is the King of taxes!! That,s why i left the state "The Terminator"
Is taxing your right to do anything! And he,s setting in his office right now
Thinking of something else he can tax you on! Fair taxes is one thing
Excessive taxes is another!