Nike Air Jordan 1 "Chicago" - May 30, 2015. (LEGIT CHECK IN 1st POST)
- Thread in 'Jordan Brand' Thread starter Started by geraldg2309,
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To clear the air yes one does have to pay taxes if someone Sells something for a gain.
But here is the kicker
As long as that person isn't using a third party to monitor the transaction who can say it happed.
The government isn't looking into every cash transaction on the street.
Now eBay, PayPal, and other places that put a paper trail on your money can and will give your information to the government so that they can tax you
As a safe guard for the company to avoid money laundering and tax evasion using their service
But here is the kicker
As long as that person isn't using a third party to monitor the transaction who can say it happed.
The government isn't looking into every cash transaction on the street.
Now eBay, PayPal, and other places that put a paper trail on your money can and will give your information to the government so that they can tax you
As a safe guard for the company to avoid money laundering and tax evasion using their service
alp
Banned
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that dude is a clown, I just blocked him. Never did before but he be riding me too much.
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126006
Guest
Uh, guess it's time to lock the thread now.
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All I wanna know is if my man bwood056 got a pair Saturday cause if not there is a whole other layer to this lmao
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126006
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Repped for the Big D avy. @addy85
norwaydre
Banned
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real.
alp
Banned
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yea i know I try to keep it cool with everyone even if I don't like em particularly, but that cat was just relentless. You would think I ****** his girl or something
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anyone get shipping from the solecloset preorders?
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Paypal reports your earnings to the IRS if they exceed 200 transactions and 20k. Pretty sure very few cats in here are pumping those numbers in sneakers.
Have you paid sales tax on every single thing you've ever bought? If not, then expect a knock on your door from uncle sam.
To say most if not all resellers haven't, with no proof is a pretty bold statement fam.
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+1 #DemBoyz
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It has to be both 200 transactions and $20k . It is not either or.
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anyone in Houston cop from City Gear off of Beechnut in the H?
1 person? supposedly they were sold within the past hour...
manager even had the nerve to take my name down and ask me what am I trying to pay retail or...............i was like i am willing to pay whatever(LIE)...before that she tells me these shoes are going for $700 on ebay....
CITY GEAR BEECHNUT IS FULL OF IT...keep in mind i just left the store prior to them supposedly getting their shipment....manager was on the phone outside talking to someone, that's when I knew something was up...homie called and asked if they had em they said yea cmon...im at the grocery store right across the street, so i head back up there...they tell me sold out, they only got 'LIKE 5 PAIRS'..."people were lurking in the lot waiting on them"...i didnt see anyone...
ALL THEIR PAIRS ARE IN THAT BUILDING STILL, ALL WILL BE OUT OF THAT BUILDING BY TONIGHT!
CITY GEAR BEECHNUT = SCAMMERS
1 person? supposedly they were sold within the past hour...
manager even had the nerve to take my name down and ask me what am I trying to pay retail or...............i was like i am willing to pay whatever(LIE)...before that she tells me these shoes are going for $700 on ebay....
CITY GEAR BEECHNUT IS FULL OF IT...keep in mind i just left the store prior to them supposedly getting their shipment....manager was on the phone outside talking to someone, that's when I knew something was up...homie called and asked if they had em they said yea cmon...im at the grocery store right across the street, so i head back up there...they tell me sold out, they only got 'LIKE 5 PAIRS'..."people were lurking in the lot waiting on them"...i didnt see anyone...
ALL THEIR PAIRS ARE IN THAT BUILDING STILL, ALL WILL BE OUT OF THAT BUILDING BY TONIGHT!
CITY GEAR BEECHNUT = SCAMMERS
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You don't have to pay taxes on things you purchase and decide to sell on your own, you already paid the tax when you purchase the shoe.
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False.
However you can claim the initial monies paid for the shoe if you have receipts.
Any profit you have made you have to claim.
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thnx and fixed
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126006
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Sneaker twitter was full of cats plexing on taxes earlier this year. LOL
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Purchasing a shoe for $160 plus tax and selling for $500 is not taxable. That's chump change.
You're not making over $1,000 for a single transaction. You can put in $10 and win $500 in Vegas, you don't have to claim anything unless it's over $1,300.
You're not making over $1,000 for a single transaction. You can put in $10 and win $500 in Vegas, you don't have to claim anything unless it's over $1,300.
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Any PAckages left at the doorstep this week are getting Popped!!
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@bwood by osmosis telekinisery, ive come to the conclusion u are in the 28% single bracket
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alp
Banned
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Yea the minimum is $20k and over 200 transactions. I sell nowhere near that, I keep most of my sneakers, you can see that in the wdywt thread.
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Lol what? Didn't you eat?
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