Anonymous ID: 7d00c0 March 27, 2022, 9:22 a.m. No.15956549   🗄️.is 🔗kun   >>6567

At this tax time, I think we should share tax info

 

because the fake news lies about the tax code, to get honest Americans to pay more.

 

For example they lie and imply that money you get from online (paypal, ebay, etc) over $600 will be taxable next year.

 

Paypal and ebay report total money received. That isNOT INCOME. INCOME is the profit. So if you sold something for $50 it cost you $40 + $9 shipping, your INCOME from that is $1.

 

Fake news incorrectly uses the word income to describe the total money received.They do this consistently, to trick people

 

If you sell your own stuff, that's "capital gains", and basically the same principles apply.

Anonymous ID: 7d00c0 March 27, 2022, 9:25 a.m. No.15956567   🗄️.is 🔗kun

>>15956549

>If you sell your own stuff

If you sell your own stuff, bought at retail and sold at retail, you would generally expect a capital loss. Only in unusual circumstances would you expect a capital gain in that situation