New ebay payments require SS#?

I just had to setup eBay payouts to get the proceeds of a sale. They wanted the last 4 of my social. Not the whole thing.

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. 

Not for me, I'm OFF ebay!😢

Thanks to the OP for this post. I was not aware of this whole issue. Several other posts have excellent information and thanks to them as well.

As a former small business owner I can make a few points.

1. The issue is legitimate and it is not some sort of scam to get your SSN.
2. People who generate over $20,000 from eBay sales probably have a business. They may sell some or all of their stuff through eBay. Hopefully all of them file tax returns for their business. The 1099 will be one piece of paperwork in their tax return. It will need to match up with their other business records to protect them from getting into trouble if audited.
3. In any business you keep track of your cost of goods sold and deduct that from your gross revenue. They should know exactly what they paid for every item they sold on eBay.
4. If you are selling your own used gear, say several pieces that bring several thousand dollars each, you could trigger the 1099. You will need to know what you originally paid for the gear so you can show the IRS that you lost money on the transactions. There will be no income tax due because you didn't make any money. Now I can proudly say why I keep all of my receipts.
5. I can't speak for the IRS (but my wife used to work for them) - they have much bigger fish to fry than trying to tax a few dollars from audiophiles. I couldn't find where they have issued any rules about the new requirement but they will come. By the time you receive a 1099 from eBay and file your tax return there will be rules on how to handle it. The IRS is going to want to simplify this as much as possible.
6. Someone mentioned that eBay had asked for their banking password. Nobody needs your password to deposit money in your bank account or take money out of your account for direct monthly payments. DO NOT ever give your banking password to anybody for any reason. If someone actually asks for your password you are being scammed.
7. Regarding sales tax, if you live in a state that charges sales tax and you buy from eBay you are already paying it. That's one of the beauties of eBay - they take care of that automatically. It is transparent to the seller. If you don't like that then you should get politically involved and propose a different way to fund your state's government. Just because you buy something online doesn't give you the right to avoid sales tax.

As online sales take a bigger share of the retail market we will see our tax laws change to insure that these transactions are fully reported. Any honest business will already be reporting these sales in their tax return but I'm sure that there are thousands of small players who generate a significant income from eBay and don't report it.