Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Zena who wrote (77)	9/17/1998 10:35:00 PM
From: tiquer	Respond to of 7772

It will be interesting to see how the regulators handle this.. I'm sure at some point Ebay will have a notice indicating what is required in regards to sales taxes, etc... One used to go to swap meets and tax would never be addressed..but now most swap meets require sellers to have a temporary sales tax permit...(which would be filed with the sales tax collected at the swap meet) I'm sure many do not collect or send anything in... and since there is not really a "record" of the vendors sales it would be hard to track... but with the online auctions..there is a nice little record... guess one could say all of the buyers backed out..??? An accountant once told me if one deposits a check in the bank, one better be able to show the source and whether it was income generating or not... I've seen some on Ebay only allowing mail orders or certified checks..i would guess it is to try and circumvent the income tax... But Ebay will always maintain a record of that auction... Roger