You are mistaken about paying tax on a boat sale if you bought the boat with after tax dollars and made no profit on the sale, presuming you are not a dealer and the boat was not used in a business.. Only the profit would be reportable, not the full amount received. Same with a car. And yes, every time that a item changes hands sales taxes are due if the item is taxable - like a car and a boat. - But buyer is responsible for the tax.
If your in business, you have to be registered with the state taxing authorities and in most instances you are required to collect any sales tax from the buyer and remit it to the state.
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Originally Posted by Tinker
Probably why ebay charges tax is that a lot of retailers, big and small, sell items there.
I believe as a individual you only have to report year end sales over 10k on ebay to the government. But if I sold a boat motor locally for $500, I theoretically should show that as income. Guess they get ya coming and going as the taxes on one said item could be paid 15 times!
Bitchin' done...
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