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<p>[QUOTE="Cherd, post: 8144364, member: 24754"]Fortune 500 companies set up dummy headquarters overseas and avoid paying US taxes on 2.6 trillion dollars, and our government thinks that their efforts are best put towards making sure that people pay taxes when buying/selling used items and collectables on Ebay? Am I crazy in thinking that there is something wrong with this picture?</p><p><br /></p><p>I'm all for people paying their taxes, the extreme benefits of society would go away if we did not. However, collecting coins, baseball cards, fishing lures, etc, etc are hobbies that I do for fun. I use Ebay from time to time when selling a cull that I've upgraded, or when shifting my focus from one collection to another, but I never buy items with the intention of making money when I sell them. I have made money on various items, but if I have to compile paperwork and fill out extra tax forms, etc, etc to account for that, then it defeats the purpose of having accumulated the items to begin with (supposed to be fun).</p><p><br /></p><p>Besides, any money that I ever make on a collectible just goes into buying other collectables. Would I be expected to pay taxes if I traded one coin for another? Why does it matter if there are Ebay transactions in between?[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 8144364, member: 24754"]Fortune 500 companies set up dummy headquarters overseas and avoid paying US taxes on 2.6 trillion dollars, and our government thinks that their efforts are best put towards making sure that people pay taxes when buying/selling used items and collectables on Ebay? Am I crazy in thinking that there is something wrong with this picture? I'm all for people paying their taxes, the extreme benefits of society would go away if we did not. However, collecting coins, baseball cards, fishing lures, etc, etc are hobbies that I do for fun. I use Ebay from time to time when selling a cull that I've upgraded, or when shifting my focus from one collection to another, but I never buy items with the intention of making money when I sell them. I have made money on various items, but if I have to compile paperwork and fill out extra tax forms, etc, etc to account for that, then it defeats the purpose of having accumulated the items to begin with (supposed to be fun). Besides, any money that I ever make on a collectible just goes into buying other collectables. Would I be expected to pay taxes if I traded one coin for another? Why does it matter if there are Ebay transactions in between?[/QUOTE]
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