The IRS and selling personal cars???

[SamLBInj]

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I wouldn't have a problem paying tax on a profit since it's basically the same as income.

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You would if you got bumped into the top bracket
Let say you are married and making 50K a year, You sell that 500 original mile 69 ZL-1 camaro you bought back in 1972 for 3 grand for 700k and make a 697K profit...Then tax becomes substantial and the tax man comes licking his chops You could buy a Yenko for what you would be paying in taxes Now on the other hand, you could be sneaky and have a second bill of sale for $3,500.00 but if you get caught you will be best friends with some guy named Bubba and playing house in his little 6x8 room
I say Legalize drugs, control them, opens lots of rehabs and tax the ship out of it like tobacco and well never have to pay income tax again Be sorta like reliving the 60's all over again
Sam