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Heads up for sellers on aquabid 2022

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  • Heads up for sellers on aquabid 2022

    Just a heads up coming this year on aquabid I fully expect the usa offerings to drastically go down. the new American Rescue Plan Act will start taxing sellers once they reach a threshold of 600.00 for a year on paypal venmo etc etc . Yes 600.00 for one year generates a 1099-k tax form. This also to apply to people selling on ebay etsy any electronic payment site. Of course the europeons can sell all they want and not pay any tax at all.. Thank you to all our politicians

  • #2
    Your vote matters.
    We have enough youth what we need is a fountain of smart

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    • #3
      People were always supposed to be declaring their earnings, even if they didn't get a 1099. I always have. Some states have had the $600 threshold for a while.

      So you're saying most people have been tax cheats?!?!?! You support that?

      I don't mind the dishonest getting weeded out.

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      • #4
        Remember, your vote matters.
        We have enough youth what we need is a fountain of smart

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