Rapacious IRS Eyes eBay

Story dated 27 March 2005

"In tax law, there is no clear, bright line that separates fun from profit, or a hobby from a business. But IRS instructions make it clear that all income -- a category that includes bribes, gambling winnings, kickbacks and money made in illegal activities -- can be taxed."

And now the greedy bloodsuckers at the IRS are looking at eBay sales. That's nice. Please write Congress and ask your Representative and Senators to support the FairTax (H.R. 25, and S. 25). The FairTax would replace the federal income tax with a national retail sales tax. There is a minimum amount of money that is considered to be the subsistence level that will not be taxed, but beyond that, everyone with the money to buy new, finished, consumer goods will be taxed at a uniform rate (used goods would not be taxed). Please support this bill. I would love to see all the little IRS gremlins sent packing.

posted by The Sovereign Editor | 10:55 PM

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