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BAR[_2_] BAR[_2_] is offline
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
Default Welcome to Obamanation, Part I...

Richard Casady wrote:
On Sun, 10 May 2009 11:01:13 -0400, BAR wrote:

How are you going to advertise your Yard Sale? Some government
functionary is going see your ad or sign and is going to put your
address on a list and the owner of the property is going to receive a
letter demanding a "calculated" tax payment.


Before they can collect they have to establish that selling stuff for
10% of what you paid for it is somehow income. One more time, revenue
is not income.


What part of sales tax do you not understand. The state will declare
your yard sale a retail business and demand sales tax on each and every
sale. I hope you kept good records. The county is going to want to see
your permit for holding a "yard sale." No permit, then pay the fine.

Forget revenue and income at yard sales and think gross receipts.