License to sell on ebay?

dalew

Interesting article on ebay.

Only in Ohio.

Text

easttexascardsandgames

According to sellers central on Ebay the law was misstated and most sellers will not need a liscense in Ohio, it did create some panic initially

Stone193

Interesting...
I wonder how long ebay will be powerful enough to keep the Feds out of the "biggest garage sale on the planet" and require that everyone's account be supplied with a 1099 or something at the end of each year?

The tax implication must be staggering?

Stone

metalmike20

I saw this story on the local news last night and had a flash of panic but it looks as if they are rewriting the law. Some other interesting facts I remember are:

$400 yearly license fee
1 year apprenticeship????
Bonded for $50,000
and there were a couple of other requirements but I can't think of them since I was in a midst of a panic attack


I agree it's only a matter of time before the goverment will start collecting a piece of the pie.


Mike

kingraider75

eventually Big brother is going to find a way to tax Ebay. A lot of people are making their living off Ebay, and I assume are avoiding a lot of local, state and federal taxes by doing so. Guess it all depends on what your personal thoughts are about taxation.

helionaut

Big Brother already has a way to tax ebay. It's called income tax. It is illegal to place a Federal tax on interstate commerce, which is what most ebay traffic is, I imagine. But the companies and individuals that sell on ebay are required to report the income. They may come up with a way to enforce that more strictly, though.