I'm just wondering how much money moves through these sites that doesn't make it into taxes, the GDP, etc. We are big with buying second hand, and I've sold more than a bit to make cash and space. Second hand products are economically and environmentally friendly, but do they really affect the business world?
Well people have always sold second hand (think garage sales) so I dont think thats as big of a concern.
As far as taxes go.. as a SELLER...if you sell enough, and you don't pay or report taxes on it.. they (IRS) will catch you eventually. I have an ETSY.com website and I am required to collect taxes on all sales to my fellow Utah citizens, as I do at craft fairs and farmers markets, and I pay my taxes. and when you buy most things on ebay or amazon you tend to pay taxes with the shipping, whether you realise it or not. Sometimes you dont. Depends on the website/seller.
The laws are still rather lax and are being reformed, or at least were... but on most items tax is collected.. you might not pay it, but the seller generally does
Answer by LuminousMom at 5:13 PM on Aug. 9, 2009
Answer by beadingmom17 at 5:02 PM on Aug. 9, 2009
Answer by mancosmomma at 5:12 PM on Aug. 9, 2009
Answer by ronjwake at 6:19 PM on Aug. 9, 2009
Answer by stacymomof2 at 7:06 PM on Aug. 9, 2009