New ebay payments require SS#?


I received an email from ebay and they now will deposit your amount from a sale directly into your bank account.  So, they require your routing and account numbers.  But they also required my SS number, which I'm not sure I like.  They say the purpose is to comply with government regulations.  Is there any reason to think they would transmit the amount of your sales to the irs and issue you a 1099?  I only occasionally sell used items on ebay and don't consider any amount I receive to be taxable income.  Thoughts? 
mtrot

Showing 3 responses by oregonpapa

I just sold a record and bought two CDs on eBay and there was nothing about my SS# anywhere.
So, Y’all have gotten ’yer panties in a knot over a simple sales tax?

For your entire life, you have been having your labor taxed, with the government laying claim to that portion of labor that is taxed. Not realizing that another entity, the government, owns the portion of your labor that is taxed, you have never questioned the fact that when another entity owns a portion of your labor, that is the degree to which you have been economically enslaved.

The Founders, in the Constitution, called for taxes to be derived from Tariffs, Duties, and EXCISE taxes, as those are the taxes of free men. They didn’t include an income tax in the founding document because they realized that taxing labor is a slave tax.

In 1913, under the racist president Woodrow Wilson, the Progressives got the 16th Amendment passed, with no provision on how much the government can take ... and they take just enough short of creating a revolution.

With the new Biden tax rates, top earners in high-tax states like California will be paying approximately 52 percent of their total income (labor) in taxes. Let that sink in.

It is time to abolish the 16th Amendment and replace it with an end-user national sales tax. Think about it ... The next time you buy gasoline, watch the gauge rack up the costs. Here in California, fifty cents per gallon are in the price of each gallon in the form of sales (excise) taxes. You pump the gas, fill the tank, put the nozzle back into place, and drive off. There was no accounting, no fear of audits, no deadlines, no IRS ... and no turning in your financial confessions to Ceasar every April 15.

Economic slaves, or free men. Our choice if we truly want it.

Frank
  • "It is not a sales tax issue but the linking (routing number & account number) of my Bank Account with my eBay account."

Okay, I just went onto my eBay account. They requested that I supply my bank account number and THE LAST FOUR DIGITS OF MY SS#.  This was so they could pay me for what I sell, and also charge me the eBay fees, if any. They already had my bank information through my PayPal account.

I'm not registered with eBay as a business, so there shouldn't be any 1099s. Unless tax laws have changed over time, there are no federal taxes due on hobby items bought and sold. 

Another thought ... On federal taxes; why isn't an allowance given for inflation? In other words, If I bought a MacIntosh amp in 1969 for  $300, and sold it today for $1000, I should be able to calculate the purchasing power of $1000 today vs the $300 in 1969 dollars and pay taxes on the difference, if indeed there is any true gain. 

All the more reason to abolish the 16th Amendment and go with a simple end-user federal sales tax. 

Frank