New ebay payments require SS#?

All online selling sites will be doing 1099s for yearly sales over $600...

• "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

I suggest that the audiophile community ditch eBay and support the audio gear aftermarket selling/buying sites. eBay offers no protection. They say they do. From personal experience they don’t. They charge high fees and sales tax. It is not attractive at all. If I want to sell something and reach the audiophile community all you need is Agon and usaudiomart. If you want to, aufiophilestyle. This especially goes for expensive gear. 

If Paypal & the other services are doing it too, then everyone is screwed!
Great way to screw the little guy trying to make a buck.

Beat the irs communists at their own game. Keep your receipts to prove you sold the item at a loss. If you owned the item for more than one year use the loss to offset a cap gain from investments or ira distribution. Irs hates people with documented proof. They pray on the stupid. All socialist government money laundering starts with the irs feeding the system with our money! To the officer THANK YOU for your service. When you get the call to mr defunds residence make sure you do the speed limit getting there. You don't want to break the law!