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<p>[QUOTE=&quot;Surgeprotector, post: 3042755, member: 93826&quot;]I think you are missing what everyone here is telling you. No, you do not get taxed on the $100 twice, you ONLY get taxed on your NET profit after costs are figured in. Here is an example:</p><p>You found a collectible $100 bill in your wallet and you sell it on e-bay for $150. There is roughly $15 in fees between ebay and paypal. There is also other costs that you endured to sell the $100 bill including but not limited to, bank transfer fees if any (say $5), the package you bought to send the item, the stamp you used to mail the item, the paper clip you bought to keep the record of the sale. All these fees are costs to YOU and say they amount to $15 combined. Now the only amount that is taxable (and it wont be taxed more than 28%) is your total profit of $15 ($150 - $100 - $15 - $5 - $15 = $15) of taxable income or a total tax of up to $4.20.</p><p><br /></p><p>(this was written before i noticed there was a second page lol)[/QUOTE]</p><p><br /></p>

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