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YEAT: State sales tax question

Old 04-09-09, 07:34 AM
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YEAT: State sales tax question

For those selling on eBay in states where you have to charge sales tax - how does it work? Are you responsible for turning the money over to the state? When a person pays for an auction (including tax) does paypal take a cut of the tax money as well?

Maryland is looking to pass a law requiring sales tax on internet purchases (they mentioned Amazon and eBay as prime examples), and - as a seller- I am concerned on how much more trouble this is going to cause me.

I also see this as a lead-in to forcing ebay sellers here to claim sales as income so they can tax that, too.
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Old 04-09-09, 09:23 AM
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Re: YEAT: State sales tax question

are you selling under a business or as a private citizen?
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Old 04-09-09, 09:32 AM
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Re: YEAT: State sales tax question

Ebay sellers should already be claiming income if they aren't getting rid of their own old crap.
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Old 04-09-09, 10:24 AM
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Re: YEAT: State sales tax question

Originally Posted by D.Pham00 View Post
are you selling under a business or as a private citizen?
private


Originally Posted by spainlinx0 View Post
Ebay sellers should already be claiming income if they aren't getting rid of their own old crap.
Well, considering everything I sell is old items (my own or someone elses) ..

My biggest concern is that - if I have to pay sales tax - the paypal fee would take part of what should go to the state. Or does paypal leave that part of the payment alone?
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Old 04-09-09, 10:27 AM
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Re: YEAT: State sales tax question

If you are selling items you paid sales tax on when you bought them, you should not have to charge sales tax when you sell them.
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Old 04-09-09, 10:31 AM
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Re: YEAT: State sales tax question

Originally Posted by Mrs. Danger View Post
If you are selling items you paid sales tax on when you bought them, you should not have to charge sales tax when you sell them.
What if you sell them for more than you paid for them?
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Old 04-09-09, 02:17 PM
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Re: YEAT: State sales tax question

Originally Posted by X View Post
What if you sell them for more than you paid for them?
You whistle nonchalantly, glance around to see if any IRS agents are looking, and then you keep all the money.
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