Does Paypal report taxes? (Help)

[mc1]

Originally Posted by rman112

That would be like saying that Twitter's censorship has nothing to do with their intertwinement with govenment.

If you say so.

[rman112]

Originally Posted by mc1

If you say so.

We'll see how many accounts get restored. I'm personally cautious of Musk; believe it when I see it type of thing.

[marl1220]

Not sure if this has been asked (I know there are numerous threads on this topic) so I'm sorry I'm hashing up old crap. Roughly, how much tax do you pay on Ebay sales? Is it close to the taxes (percentage wise) you pay with your job's pay check or is it different?

[auctionjmm]

Originally Posted by marl1220

Not sure if this has been asked (I know there are numerous threads on this topic) so I'm sorry I'm hashing up old crap. Roughly, how much tax do you pay on Ebay sales? Is it close to the taxes (percentage wise) you pay with your job's pay check or is it different?

If you are filing Schedule C, which I'd guess 99% of card sellers will do, then it goes under whatever tax bracket your total income falls in. So yes it should be the same as your job's paycheck unless your card profits are enough to bump you into the next tax bracket.