I told you this was coming...

[WannabeMego]

What are Garage sales next, then bake sales, and kids selling lemonade on the corner? What a bunch of ****e. I am so sick of this crap. I want to throw "States" out a hotel window.

Actually, they have been...it's just not usually enforced because it would cost more to enforce then what they would actually collect.

Here's what I don't get. If I buy something at a store I pay tax on the item. Now if I turn around and sell that item on Ebay hasn't the tax already been paid on the item? Furthermore, Ebay chages fees for listing the item. I would imagine that part of that fee money goes to paying Ebay's taxes.

It all sounds like a whitewash to me. If these businesses are concerned about the economy then maybe they need to lower their prices to get people back into their stores or carry things that people want.

You are only taxed on the profit IF you have the original receipt that shows the amount you paid.

...So...

If you puchased an item for $10 and flip it on eBay for $100, then you pay the tax on the $90 Profit, again if you have the original purchase receipt.

...If you DON'T have the receipt to prove what you originally paid for the item then you are liable to pay taxes on the full amount ($100).

The really question is, How many of us keep those original receipts...?!

[grayhank]

Deleted

[toys2cool]

what a joke man

well here in Miami you have to get a permit to do a garage sale,it's about $50 and you could only do 2 a year

[SUP-Ronin]

What are Garage sales next, then bake sales, and kids selling lemonade on the corner? What a bunch of ****e. I am so sick of this crap. I want to throw "States" out a hotel window.

[The Bat]

Wow...bummer.There's goes My way of making hobby Money, by selling Customs.

[megocrazy]

Got back to work today and had this in an email from our accounting company. States are starting to sue internet companies for revenue to replace what they're losing due to the sagging economy. Online travel, events tickets, ebay, Amazon,etc. They want to start taxing all sales not just in the state they're registered, which can only lead to sellers having to file with the IRS as actual businesses. There goes all the casual ebay sellers. Read on...

NLJ: States, Cities Step Up Efforts to Tax Internet Sales

From next week's National Law Journal: Clash Over Taxing 'e-Tailers' Intensifies: States, Cities Stepping Up Legal Efforts to Tax Internet Sales, by Teresa Baldas:

Towns and states eager to collect taxes from booming Internet sales are increasingly turning to litigation — and online retailers are putting up a fight.

In a case that has reached the Georgia Supreme Court, the city of Atlanta is suing 17 online travel companies, including Expedia, Orbitz. and Hotels.com claiming that they owe the city millions of dollars in unpaid hotel and occupancy taxes. Atlanta v. Hotels.com, No. S08G0568 (Ga.).

In Illinois, the city of Chicago is suing eBay and StubHub in an effort to collect an 8% amusement tax from tickets sold online to Chicago sporting and cultural events. Chicago is seeking a court order allowing it to audit the companies and fine them for failing to collect and pay the tax. City of Chicago v. eBay Inc., No. 2008-L-050524 (Cook Co., Ill., Cir. Ct.); City of Chicago v. StubHub Inc., No. 2008-L-050525 (Cook Co., Ill., Cir. Ct.).

In New York, Amazon.-com Inc. and Overstock.com Inc. are suing the state over a new law that requires online retailers to collect sales tax on purchases made by New York residents and remit the tax to the state. Amazon.com v. New York State Dep't of Taxation & Finance, No. 601247-08 (New York Co., N.Y., Sup. Ct.); Overstock.com v. New York Sate Dep't of Taxation & Finance, No. 107581-08 (New York, N.Y., Sup. Ct.).