Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#11
02-22-2007, 12:46 AM
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Re: Ebay vs. IRS
ive been predicting this for years,and think its a great thing.
fair is fair. why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income? this should end the blatant tax fraud committed by ebayers every day.
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#12
02-22-2007, 01:42 AM
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Re: Ebay vs. IRS
I'm not suggesting someone avoid paying their taxes from eBay sales, the part that concerned me was how LE can access anyones account like that.
"Big brother" watching over us I suppose. 
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#13
02-22-2007, 07:32 AM
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Re: Ebay vs. IRS
[ QUOTE ]
ive been predicting this for years,and think its a great thing. fair is fair. why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income? this should end the blatant tax fraud committed by ebayers every day. [/ QUOTE ] Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!) 
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1969 Chevelle SS 396 Oshawa Built L34/M20 Shhh....11.30's @ 121mph
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#14
02-22-2007, 07:57 AM
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Re: Ebay vs. IRS
[ QUOTE ]
[ QUOTE ] ive been predicting this for years,and think its a great thing. fair is fair. why should somebody selling a 100k Camaro on ebay not have to pay capital gains taxes on the sale,but if i sold a 100k house,i would have to report any gains as income? this should end the blatant tax fraud committed by ebayers every day. [/ QUOTE ] Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!) [/ QUOTE ] Yes but we pay a lot more taxes than our neighbours in general PJ 
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#15
02-22-2007, 03:51 PM
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Re: Ebay vs. IRS
I wouldn't have as much a problem paying taxes if the gov't was a good steward of your tax dollars. I know any profit I make is not going to go toward fraud, waste or abuse, can't say the same about uncle Sam. I am in the military and despite our best efforts the amount of waste that happens would blow your mind. I think for the most part the majority of folks in the military try and make good use of the taxpayers $$ but beauracracy being what it is there is still an incredible amount of waste that just happens. So if I can avoid giving the IRS $$ I'm going to push the envelope of the tax code. The more you pay the more congress will want, they'll never have enough to satisfy all their interests.
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Dave 
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#16
02-22-2007, 04:27 PM
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Re: Ebay vs. IRS
Not to rub it in but up here in Canada we do not pay taxes on profits from the sale of residential property (nor do we pay tax on lottery winnings!) [/ QUOTE ] No that is because we pay 14% in our province on everything else.We are taxed to death up here compared to the US. I compare all the time with my brother in West Virginia it is ureal the differences. With respect to e-bay no used parts should be taxed. New I can see it.
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#18
02-23-2007, 01:07 AM
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Re: Ebay vs. IRS
[ QUOTE ]
Does the Canadian government make you pay taxes up there in US dollars like you guys ask for when you sell cars...  [/ QUOTE ] We use a "metic" dollar in Canada just like we have gas in liters rather than gallons. Right now our metric dolar is worth about 85cents on your dollar. As far as car parts and cars are concerned we have felt the US dollar is a universal currency that keeps everything even. Call it a modern day auto pact. Given the fact that the rest of the auto industry deals in pesos euros or yen its seems only fair to give our southern neighbours a break and keep one currency for all collector car transactions. This policy will remain in effect right up until our metric dollar exceeds the value of your Yankee/dixie dollar and at that point we will be glad to sell in metric funds. Regarding the whole housing and tax thing,do you guys still get to write off your mortgage interest up to a certain amount? We dont! When we die our kids dont have to pay taxes on the value of our estate. It all works out fairly evenly in the end other than the part that really ticks me off is the government wanting $14.00 in taxes on a 40 year old car part that cost me $100.00. While they are collecting money from me someone is smuggling drugs into the country. Priorities I guess!!
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1971 W30 convert, triple green,second owner. 1971 W30 Convert, special order Rally red, completed 68 Camaro Z28,Corvette Bronze,Houndstooth 2016 Porsche Carerra Cab and 2021 C63S AMG ,modern fun. www.vancouverclassiccars.com
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#19
02-23-2007, 01:25 AM
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Re: Ebay vs. IRS
Or charging us 28.00 on a 100.00 purchase because the seller forgot what the auction closed for and just threw 200 on the declaration slip, or the shipping is included in the value of the item on the slip so we are taxed on the shipping also or the item was shippid UPS us USPS and a broker is hired at a flat rate of $25.00 plus regardless if it is a 10.00 item. I could go on and on.Welcome to Canada.
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#20
02-23-2007, 05:06 AM
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Re: Ebay vs. IRS
Guys!
U.S. Treasury Agents went to the Englishtown NJ swap meet about 5 years ago and actually confiscated several vendors merchandise due to non payment of taxes from the events. Actually, they weren't even charging for state or federal tax and that is what got them screwed. I too have been preaching this about eBay for several years now. Once eBay & Paypal became one, there was an automatic electronic database of auctions, purchase amounts, bank accounts, you name it.  No where to run and hide anymore. Time to pay up. 
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