Interesting part about garage sales - I’ve sold things on craigslist and through random classifieds for years. Now places like Facebook marketplace are asking for your SS # so they can report your earnings to the IRS. I suspect it’s not for a small time people like me who just sell here and there when they need to, but there’s a whole crop of businesses that have started started trying to make a profit on there. The government doesn’t like competition, or the thought of people avoiding taxes. I also heard Venmo is reporting the earnings that you make as well. There’s really no way around it, we have to keep using Cash to maintain our freedom.
u/Truth4Freedom Am I imagining things or is this another way to tax us? If I sell things that I already bought with money that was taxed as income. Then I should not pay tax again on that money "earned" for selling items.
Any advice for a beginner to learn about this crypto currency. A simple explanation would be great. Videos, websites...
Agreed, it's definitely just another way to tax us. As if we dont already pay enough!
Good questions about crypto! That is not my area of expertise, but I know several anons on this platform can give you some advice on where to start with it. From a personal opinion (without too much knowledge on the subject), I have reservations about crypto since it seems very volatile and going fully digital either with cypto or a digital dollar seems to end up the same way - with a few people controlling / holding most of the wealth.
Thank you for answering. I have seen a lot of posts recently about the crypto and digital currency. I just need to do a search for descriptions of how it works. It just sounds like a bad idea for everything to go that direction. I hadn't read enough to make an informed decision.
Interesting part about garage sales - I’ve sold things on craigslist and through random classifieds for years. Now places like Facebook marketplace are asking for your SS # so they can report your earnings to the IRS. I suspect it’s not for a small time people like me who just sell here and there when they need to, but there’s a whole crop of businesses that have started started trying to make a profit on there. The government doesn’t like competition, or the thought of people avoiding taxes. I also heard Venmo is reporting the earnings that you make as well. There’s really no way around it, we have to keep using Cash to maintain our freedom.
u/Truth4Freedom Am I imagining things or is this another way to tax us? If I sell things that I already bought with money that was taxed as income. Then I should not pay tax again on that money "earned" for selling items.
Any advice for a beginner to learn about this crypto currency. A simple explanation would be great. Videos, websites...
Agreed, it's definitely just another way to tax us. As if we dont already pay enough!
Good questions about crypto! That is not my area of expertise, but I know several anons on this platform can give you some advice on where to start with it. From a personal opinion (without too much knowledge on the subject), I have reservations about crypto since it seems very volatile and going fully digital either with cypto or a digital dollar seems to end up the same way - with a few people controlling / holding most of the wealth.
Thank you for answering. I have seen a lot of posts recently about the crypto and digital currency. I just need to do a search for descriptions of how it works. It just sounds like a bad idea for everything to go that direction. I hadn't read enough to make an informed decision.