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PayPal and the IRS
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macintologist
Professional Poster
Join Date: Apr 2002
Location: Smallish town in Ohio
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Jan 25, 2006, 10:43 AM
 
Do I have to report my PayPal earnings to the IRS come tax day?
     
ghporter
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Join Date: Apr 2001
Location: San Antonio TX USA
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Jan 25, 2006, 10:46 AM
 
Do they send you a W2 or other documentation for those earnings? Are your earnings substantial enough to be a significant portion of your income? I'd start with answering those two questions.

Glenn -----OTR/L, MOT, Tx
     
only120xs
Junior Member
Join Date: Aug 2005
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Jan 25, 2006, 01:28 PM
 
Dividends, yes.
     
macintologist  (op)
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Location: Smallish town in Ohio
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Jan 25, 2006, 03:37 PM
 
Why does the government have to tax every single f***** thing known to man?
     
Scotttheking
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Location: College Park, MD
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Jan 25, 2006, 03:51 PM
 
The tax is an income tax. Dividends are income. Thus, it is taxed.
My website
Help me pay for college. Click for more info.
     
Railroader
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Jan 26, 2006, 02:35 AM
 
Originally Posted by macintologist
Why does the government have to tax every single f***** thing known to man?
Thank the liberals.
     
Chuckit
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Location: San Diego, CA, USA
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Jan 26, 2006, 02:39 AM
 
Yeah, because the completely Republican government we've had for a long time now has been so aggressive about repealing all those taxes they don't want.

Face it: Politicians want your money. Doesn't matter if they're liberal or conservative.
Chuck
___
"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
     
Railroader
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Jan 26, 2006, 03:03 AM
 
I pay a lot less in taxes with the current Republican administration than I did with the previous Liberal administration. And I make more money than before.
     
macintologist  (op)
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Jan 26, 2006, 03:15 AM
 
Originally Posted by Railroader
I pay a lot less in taxes with the current Republican administration than I did with the previous Liberal administration. And I make more money than before.
Republicans are big spenders and love big government. Get over it. American "properity" is built on debt and it's bullshit. We need to eliminate the deficit and pay down the national debt.
     
Rolling Bones
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Location: Six feet under and diggin' it.
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Jan 26, 2006, 03:24 AM
 
Originally Posted by Railroader
I pay a lot less in taxes with the current Republican administration than I did with the previous Liberal administration. And I make more money than before.

That's why the government has to borrow from China to run the fekkin country cuz you don't pay your share.
     
Railroader
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Jan 26, 2006, 03:32 AM
 
Originally Posted by macintologist
Republicans are big spenders and love big government. Get over it. American "properity" is built on debt and it's bullshit. We need to eliminate the deficit and pay down the national debt.
Do you mean "prosperity"?

We need to eliminate spendng. That will reduce the deficit.
     
Railroader
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Jan 26, 2006, 03:34 AM
 
Originally Posted by Rolling Bones
That's why the government has to borrow from China to run the fekkin country cuz you don't pay your share.
Why spend your own money when other's are willing to give you theirs?

Maybe we should just eliminate all of our foreign aid and then we won't have to borrow from China?

Would you still try to avoid the profanity filters then too?

And I assure you, I pay my fair share of taxes. I probably pay more in taxes than you make each year.
     
Ganesha
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Location: Arizona Wasteland
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Jan 26, 2006, 04:22 AM
 
BACK ON TOPIC-ish

If you don't want to pay taxes on interest earnings from PayPal. Transfer your money to one of many tax-free interest baring investments, you may actually earn a higher rate of return.
     
Obi Wan's Ghost
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Location: An asteroid remanent of Tatooine.
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Jan 26, 2006, 07:03 AM
 
Originally Posted by macintologist
Why does the government have to tax every single f***** thing known to man?

Copy the rich. They hide everything!!!!!!!!!!!!!!!!!!!!!111theyownz
     
JoshuaZ
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Jan 26, 2006, 08:02 AM
 
Originally Posted by Railroader
Why spend your own money when other's are willing to give you theirs?

Maybe we should just eliminate all of our foreign aid and then we won't have to borrow from China?

Would you still try to avoid the profanity filters then too?

And I assure you, I pay my fair share of taxes. I probably pay more in taxes than you make each year.
Can we all just play nice?

Plus US aid to other countries is one half of one percent of our total budget. Now look at our military budget, or the iraq war, or our wonderful nuke shield, or just the pure PORK we spend on pet projects for individual states.

Now back to topic.
     
RAILhead
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Jan 26, 2006, 08:04 AM
 
What's the dollar amount your wondering about?
"Everything's so clear to me now: I'm the keeper of the cheese and you're the lemon merchant. Get it? And he knows it.
That's why he's gonna kill us. So we got to beat it. Yeah. Before he let's loose the marmosets on us."
my bandmy web sitemy guitar effectsmy photosfacebookbrightpoint
     
ReggieX
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Jan 26, 2006, 08:51 AM
 
Originally Posted by Railroader
I pay a lot less in taxes with the current Republican administration than I did with the previous Liberal administration. And I make more money than before.
Since when does the Liberal party have status in the US? Republicans ran Congress under Clinton.
The Lord said 'Peter, I can see your house from here.'
     
Railroader
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Jan 26, 2006, 08:52 AM
 
Originally Posted by JoshuaZ
Can we all just play nice?

Plus US aid to other countries is one half of one percent of our total budget. Now look at our military budget, or the iraq war, or our wonderful nuke shield, or just the pure PORK we spend on pet projects for individual states.

Now back to topic.
Do a search of Rolling Bone's posts. You'll see he stalks me and baits me a LOT!
     
JoshuaZ
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Jan 26, 2006, 09:05 AM
 
Oh, I know. I just want the two of you to play nice, or you'll have to go sit in the corner for a while.
     
Rolling Bones
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Jan 26, 2006, 05:01 PM
 
Originally Posted by Railroader
Do a search of Rolling Bone's posts. You'll see he stalks me and baits me a LOT!
Just go away and leave me alone. Gawd you're an obnoxious person.
     
leehotti
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Jan 26, 2006, 05:42 PM
 
Originally Posted by Rolling Bones
Just go away and leave me alone. Gawd you're an obnoxious person.

AHaHHaHhahhahAha. Did he really say that? What a ****ing hypocrite.
     
Railroader
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Jan 27, 2006, 05:48 AM
 
Originally Posted by Rolling Bones
Just go away and leave me alone. Gawd you're an obnoxious person.
Another unpleasant and abrasive post brought to you by tRolling Bones.
     
Railroader
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Jan 27, 2006, 05:49 AM
 
Originally Posted by leehotti
AHaHHaHhahhahAha. Did he really say that? What a ****ing hypocrite.
Honestly Rob, I thought he was you when he first started posting under this nick.
     
   
 
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