- Jan 30, 2014
- 10,541
- 18,150
We don’t pay anything I believe as sellers. But yes the tax is taken out automatically. I sold a few things since it changed at first a while back.New tax in effect today for 11 states. Is there anything different for the sellers to know? Like do we pay anything at the end of each sale, month, quarter, year etc? Or does the tax the buyer pays deducted from total automatically ?
But get ready for people buying items then realizing there is tax and canceling or trying to haggle you down after the sale. Made a $600 sale and had to give dude a cut or lose the sale. I took the $20 loss to gain the sale.
But after that I put a disclaimer on all my items the..”TAX IS ON BUYER. NO COMPENSATION”. Haven’t had a problem since.