Sales Tax may effect sales on QTH.

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DanAD8I
Posts: 8
Joined: Sat Nov 17, 2018 1:43 pm

Sales Tax may effect sales on QTH.

Post by DanAD8I » Thu Mar 07, 2019 3:48 pm

I can not help but wonder how sales tax may effect sales of preowned or used items
that available on QTH.com in the near future. It has already started on incomplete
(with missing parts), preowned, used items that are available on E-Bay. It seems that
this has already taken effect by reducing sales for some E-Bay sellers.
Regards. Dan AD8I

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N9LCD
Posts: 316
Joined: Sat Jul 01, 2006 8:32 pm

Re: Sales Tax may effect sales on QTH.

Post by N9LCD » Fri Mar 08, 2019 3:52 pm

Dan:

I doubt that sales tax will greatly affect sales of used gear on QTH.

eBay & QTH are quite different. eBay is actively involved in the sale of goods and its stooge, PayPal, control the funds to & from the seller. QTH does not.

I believe that eBay is required to report sales of more than $20,000 to the IRS. That's a heck of a lot of used gear!!! The IRS requires reporting LOTTERY WINNINGS of more than $600,go figure.

Massachusetts required eBay to report sales by its residents of more than $600.

THE AMOUNT OF SALES REPORTED TO THE IRS IS NOT TAXABLE. THE DIFFERENCE BETWEEN THE SALES PRICE AND THE COST OF GOODS SOLD, A/K/A "PROFIT", WOULD BE TAXABLE.

Considering that our gear DEPRECIATES. not APPRECIATES as some think, most sales would result in a "LOSS" to the casual seller.

It's the TAX DODGING dealers that will get nailed! And they deserve it!

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