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Nope, capital gains tax is NOT double taxation...

and that's about all the Feds can tax one on in the case of selling a used piece of audio equipment.

This is NOT a change in tax law, it is merely a change in reporting rules for payment settlement firms like PayPal. You tax liability under the law is unchanged.

Now you MAY have had a tax liability with all of those tubes and LPs you've been selling over the year (likely not) but now Uncle Sugar will be receiving solid documentation of your activities and if you DO owe taxes on your sales, and you likely will not, you will have to pay.






First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass

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