- Mar 23, 2007
- Reaction score
I am glad that there is at least one transaction -- the exchange of cash on the street -- where this f*ing government (at least at the moment) can't stick its nose. Billions of taxes are lost every year because large corporations hire fancy lawyers to exploit loopholes for them, among other tricks, and the IRS focuses its time on the small potatoes that is the private individual hawking secondhand items with paypal? Unlike the poster above, I would be *delighted* if human ingenuity is exercised to find a way around this, not because it would make any difference for me, but because it really pisses me off in principle. Correct me if I"m wrong, but the government doesn't tax the 20K one could make simply by opening one's garage door and having a tag sale.