PayPal and Income Tax
Mar 29, 2023 10:20:10 #
jerryc41 wrote:
Apparently, this is new, but I don't understand it... (show quote)
There's a very simple solution to this Jerry. Just stuff a bunch of $100 bills into an envelope and mail it to her
That is unless you don't trust the USPS
Mar 29, 2023 10:20:27 #
Mar 29, 2023 10:37:43 #
Rab-Eye wrote:
Jerry did not say the fee was $103. He said that was the total charge.
He said: "charge" - not "total charge"!!!!! (Besides which, I was just playing with him!!!)
Loren - in Beautiful Baguio City
Mar 29, 2023 10:39:24 #
BebuLamar wrote:
I think he said the total cost was $103 so I think the price was $100. Any way if Jerry average price of his ukuleles is $3433.33 he has almost half a million bucks in his ukuleles colllection.
As in my previous answer - he said: "charge". Anyway, Jerry does have a lot of money! - as indicated by the number of things he continually buys!
Loren - in Beautiful Baguio City
Mar 29, 2023 10:39:44 #
cbabcock wrote:
This should be in the attic with the political/racist implications of a couple of comments
For some people no matter what the subject it always gets back to race doesn't it?
What a sad way to go through life
Mar 29, 2023 10:44:26 #
mr spock wrote:
For some people no matter what the subject it always gets back to race doesn't it?
What a sad way to go through life
What a sad way to go through life
How right you are!!!
Loren - in Beautiful Baguio City
Mar 29, 2023 11:10:02 #
rlv567 wrote:
As in my previous answer - he said: "charge". Anyway, Jerry does have a lot of money! - as indicated by the number of things he continually buys!
Loren - in Beautiful Baguio City
Loren - in Beautiful Baguio City
I totally agree with you there. I think he bought into "The more you buy the more you save".
Mar 29, 2023 12:41:22 #
tca2267 wrote:
More BS for the average guy...
Why doesn't the IRS go after the real tax evaders like the POS Al Sharpton!!!
Why doesn't the IRS go after the real tax evaders like the POS Al Sharpton!!!
Let’s not forget DJT!
Mar 29, 2023 14:18:57 #
jerryc41 wrote:
I think that's 2.9%, and it's the one sending the money who must pay the fee. There is no protection because there is no physical object to protect. PayPal's protection is to make sure the item arrives in good condition. Since F&F does not involve an item, it does no need protection. If you pay for an item with F&F and then tell PP that the item was damaged, you're admitting that you cheated.
If the item is sold at a loss, the "income" doesn't count.
If the item is sold at a loss, the "income" doesn't count.
If I purchase a lens from a friend on UHH using regular PayPal he (or she) pays the PayPal discount of about 3% and I get to pay sales tax of 8%. Thus the PayPal and government "outreach" result in another $130 in costs on a $1000 camera or lens purchase. This does not even address the issue of possible gains on sales by the seller. Just some thoughts to ponder.
Mar 29, 2023 15:23:54 #
clint f.
Loc: Priest Lake Idaho, Spokane Wa
mr spock wrote:
For some people no matter what the subject it always gets back to race doesn't it?
What a sad way to go through life
What a sad way to go through life
Well said.
Mar 29, 2023 16:57:19 #
The IRS's approach appears to be that everybody selling stuff on EBay is a business, and don't question their judgement!
Mar 30, 2023 02:20:06 #
mikenolan wrote:
The IRS's approach appears to be that everybody selling stuff on EBay is a business, and don't question their judgement!
A member of another forum I follow worked for the IRS for several years. He quit because he couldn't stand their high-handed dealing with taxpayers, inconsistencies in decisions and outright fraud, and the fact that most taxpayers were powerless to do anything about it!!! He intends to move to the Philippines (from Seattle!) as soon as he can.
Loren - in Beautiful Baguio City
Apr 2, 2023 13:48:32 #
>> $3,000 is kinda pricey for a ukulele.
When we were in Hawaii a few years ago we toured a ukulele factory, they had some models with price tags over $10K. It has to do with what materials they're made from.
Did a $10K ukulele sound better than a $1000 one? Yeah, sort of, but you'd have to be a pretty good ukulele player to really appreciate that, I suspect.
When we were in Hawaii a few years ago we toured a ukulele factory, they had some models with price tags over $10K. It has to do with what materials they're made from.
Did a $10K ukulele sound better than a $1000 one? Yeah, sort of, but you'd have to be a pretty good ukulele player to really appreciate that, I suspect.
Apr 2, 2023 15:43:59 #
mikenolan wrote:
>> $3,000 is kinda pricey for a ukulele.
When we were in Hawaii a few years ago we toured a ukulele factory, they had some models with price tags over $10K. It has to do with what materials they're made from.
Did a $10K ukulele sound better than a $1000 one? Yeah, sort of, but you'd have to be a pretty good ukulele player to really appreciate that, I suspect.
When we were in Hawaii a few years ago we toured a ukulele factory, they had some models with price tags over $10K. It has to do with what materials they're made from.
Did a $10K ukulele sound better than a $1000 one? Yeah, sort of, but you'd have to be a pretty good ukulele player to really appreciate that, I suspect.
Way back in the 70s on a field school in Mexico we spent time in a town whose business was stringed instruments and other hand made wooden items, but mainly guitars etc.
The shop where I did my study had the same model guitar but made from different woods (some rare, hard to find) with wildly different prices. The shop was run by two brothers whose father and Uncle had founded it and counted several of Segovia's students among their customers. They did outstanding hand work, inlays, no painted designs etc. I don't play but because they were so gracious about my study and the workmanship was so outstanding I bought one. All local mountain wood (one a gorgeous cedar) with some from the tropical lowlands a few miles away. A music store in LA told me what I paid $35 US for in Mexico was worth 250 to 350 in Los Angeles. He played it and instantly asked if I wanted to sell it. NO! I gave the guitar to my wife when we married and it is in our security closet. She, our oldest son and a couple of professional musicians among Michael's friends have all played it and more than one of his friends have tried to talk us into selling it. We did let one guy use it in a studio session where he was doing backup for a recording.
Apr 2, 2023 18:23:23 #
There are some musical instruments that deteriorate if not regularly played and otherwise cared for, I don't know if guitars are one of them.
But great story about your guitar.
But great story about your guitar.
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