If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.
Already paid tax thing is not applicable, it’s literally how taxation works. The government gets their share at each point. Everytime a taxable good changes hands, with exception, the tax is applied again.
I know that’s how it works. I’m complaining because the way it works is bullshit.
Well taxation is completely necessary unless you have a steady stream of cash flowing into the government from another source, which almost no country has and no country will have indefinitely.
We can argue about rates and cut offs but taxation in general is not a bad system
Never said it was a bad system in general. But as a normal citizen not engaging in business I think paying taxes possibly 4 times (federal income tax, state income tax, sales tax when first bought new, sales tax when sold as used) on the same item is wrong.
You should not be paying tax unless you turned a profit on the sale.
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I don’t think there is much of an argument to be had here if you think the only role of taxes is to take money.
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