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<p>[QUOTE=&quot;-jeffB, post: 3030484, member: 27832&quot;]Sorry, I&#039;m not seeing it, except that you&#039;re trying to double-count taxes.</p><p><br /></p><p>Say you earn $125, and after your various income taxes are paid, you get a $100 bill to take home. You can spend that $100 to get a coin, sell that coin on eBay for $150, and pay tax on your <i>profit</i>. Or you can sell the $100 bill itself on eBay for $150, and pay tax on your <i>profit</i>. It&#039;s the same either way.</p><p><br /></p><p>I&#039;ve seen people post extended rants about how they get paid $100, but 15% comes off for SS taxes (wrong, but never mind), 25% comes off for federal income taxes (probably wrong, but assume for argument that it&#039;s true), 10% comes off for state income taxes (sure, whatever) -- and that that &quot;adds up&quot; to 50% of their income gone to taxes before they even spend anything! And then when they <i>do</i> spend it, the <i>recipient</i> has to pay the same taxes from <i>their</i> end, so The Gummint takes <i>100% </i>of that money in taxes! I don&#039;t know whether they&#039;re being intentionally deceitful, or whether they honestly believe that percentages work that way.[/QUOTE]</p><p><br /></p>

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