Quote:Eegore wrote on 09/21/21 at 05:58:08:
They are liable for taxes. ...
Awesome when you Spin
by not providing ALL the information on a subject.
Something you do on a regular basis,
when you berate other people for not providing information.
Quote:
“ … They are liable for taxes … “
Forget to mention, how they got that thing ?
They paid for it with money, they have paid taxes on.
And they most probably paid even more for that thing, by a ‘sales tax’.
Quote:
“ … a letter from IRS asking for an explanation … “
Then perhaps that letter should say.
‘I paid 50.00 for that, with Taxed money from my Job.
also paid sales tax on it.
I sold it for 20.00.
Now you want to tax that 20.00 AGAIN !'Then,
Gee Wally, how can someone forget a simple thing like ‘Capital Gains’.
Everyone that posts here,
has a opinion of the other people,
and how left/right of center they are.
I used to think you were just a bit left of center.
With your last several posts,
I believe,
(and that is I, just I, with the exclusivity of I)You are very left of center.