Theory : 688


Marketplace / Theory / 688

Taxes from Lego auctions? —Dan Jezek

I have been thinking about this issue for a long time and the recent discussions about states going after auctioneers and fining them made me wonder... Should a Lego collector claim sets s/he sells on ebay or serious collector or anywhere else on (...) (25 years ago, 17-Dec-99, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Will Middelaer

(...) You can not claim the value of your own time against the transaction, but in the case listed above, you made no money so you have no income to claim. You simply sold something for the same amount that you bought it for, realizing no gain or (...) (25 years ago, 17-Dec-99, to lugnet.market.theory)

Re: Taxes from Lego auctions? —John DiRienzo

(...) since (...) us (...) one (...) to (...) Key word here is "still." I get a little paranoid (in some weird cases, considerably) about forever etching my words on the net. There was a poll recently on AOL about gun control. With our somewhat (...) (25 years ago, 17-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Christopher L. Weeks

(...) Am I right in taking what you are saying as: "technically, you may have the right to evade taxes, but you'll get in trouble and it's really much easier if you just go with the flow. After all, the government slowly stripping away freedoms (...) (25 years ago, 17-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Frank Filz

(...) Boy, I know some people express some extreme positions, but this one takes the cake! VBG. I assume you meant: "At least most CPAs are NOT actively engaged in murder." (25 years ago, 17-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Christopher L. Weeks

(...) Ayup! I guess I couldn't be troubled to check for mistakes in the middle of a rant. Thanks for catching that. Chris (25 years ago, 17-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Frank Filz

Christopher Weeks wrote in message <385A9C3C.C9739DE6@e...se.net>... (...) You really need to bow down to the great Larry more often. If you did, you wouldn't make so many misteaks... Frank (25 years ago, 18-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Larry Pieniazek

(...) Amen to that, brother! (25 years ago, 19-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —David Eaton

(...) I think that's quite a bit more extremest than the original statement, but in essense, yes. If it came down to you paying $3.50 or being put in jail for 5 to 10 years, I'd hope you'd pay the $3.50, because it really ISN'T worth the trouble of (...) (25 years ago, 17-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —John DiRienzo

David Eaton wrote in message ... (...) not be (...) in (...) 5 to (...) line (...) independantly. (...) (as (...) to (...) don't (...) "should" (...) they (...) While I agree to a point with you, I also agree to a point with Chris. I don't think (...) (25 years ago, 21-Dec-99, to lugnet.off-topic.debate)

Non-LEGO Tax Debate - Was:(Re: Taxes from Lego auctions?) —Scott Edward Sanburn

To all, I think we have debated on taxes a lot from off.topic.debate, I know I chimed in my views as well. It is one of those things that no one really likes all that well, and I for one, would like to see the government go back to the roots which (...) (25 years ago, 21-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) The democratic majority agreed. You agreed. As simple as that. Jasper (25 years ago, 18-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) Poppycock! Since you are apparently in the Netherlands I guess it might be understood that you do not entirely understand the questions involved as they might relate to citizens of the United States, although perhaps you are a U.S citizen (...) (25 years ago, 18-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) The Universal declaration of Hum.. Oh. Wait. Forget I said that. (...) So how does this relate to taxes? I don't think I've ever heard of a court case where it was ruled that you don't have to pay the taxes defined in the laws of the land. If (...) (25 years ago, 19-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) I guess no worse than worrying about paying taxes on toy auctions, that's for sure... BTW, I take GREAT offense at what you try to imply about me with this little joke of yours. I happen to find you equally ill-informed. May the boots of your (...) (25 years ago, 20-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Didn't I mention that the topic had drifted way away from toy auctions and into taxes in general? Or did you just not read anything I wrote? (...) I notice you don't bother to address any of the actual points, though. Jasper (25 years ago, 20-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) You want me to cosign your view on banks and usary? Not I. The fact that the world banks are playing an increasingly elaborate shell game of "where's the digital money" does nothing but disgust me. Unless you are yourself a bank owner, I (...) (25 years ago, 21-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Nitpick: Usury. (...) Because moneylending is as close as anything can get to being the one thing that makes this world possible. Do you know how many more times there is "virtual" money compared to real-world assets? Where do you think Intel, (...) (25 years ago, 22-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

[Yes, responding to my own post. New information.] (...) The latest news is that a court in Pakistan has just in essence subscribed to your views. They say interest is against the the Qur'An. By 2001 Pakistan will have to have an economy without the (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Selçuk Göre

Jasper Janssen <jasper@janssen.dynip.com> wrote in message news:387356c2.218055...net.com... (...) understand why (...) 12 of (...) I don't think so. We have a party here, which defends fundamentalist opinions mostly, claimed once (before they came (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Seems I forgot the "<snort>" here. (...) As sad as that sometimes seems to people. Unfortunate truths, and alla that. (...) Pakistan is a nuclear power nowadays. Worrying, since they're so close to Europe. Fallout from a fullscale (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Selçuk Göre

(...) <snip> (...) Your English is much more challenging then even the native English speakers. I can't understand this sentences at all..:-( (...) Yeah, I know. A third worlder with nukes, its even more frighthening, huh? (1) But it is not that (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) That's probably _because_ I'm not a native speaker. Okay, let me rephrase that. "Even though that is a sad thought, it happens to be truth" (or possibly even TRVTH..) (...) Yeah. At least the US won't be taken over by junta number x tomorrow. (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Selçuk Göre

(...) It's Ok then,..:-) (...) Yeah. again when I was a rocket scientist, once we took delivery of trucks load of abondoned missiles and missle parts from the former USSR which were having a strange story. a Turkish trader who were buying and (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Selçuk Göre

Re: Taxes from Lego auctions? —James Powell

(...) load (...) a (...) Oops :) Mind you, I have no doubt that they were -scrap- metal, and probably useless as rockets (except for Guy Fawks Night/4th July type rockets :) ds on who's "they". The US has had suborbital missiles capable of (...) (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) So how do you feel about that plan to take all the decommisioned used-to-be-nukes missiles and loading them up with lots of fake meteorites for the millennium next year? (...) The problem is getting it there before the Patriots shoot it down (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Sold for scrap metal would suggest to me a few options: these things were so outdated they figured it's OK since every secret service in the world would have stolen at least one once (apparently not the case, as you learned stuff :) ), or the (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —James Powell

(...) Nope. Between 1.5Kt and 20-40Kt for a straight Fission weapon. Dirtyness has very little to do with the weapon itself. If the bomb is a airburst, then it will be relatively clean, if it is a ground burst, it will be dirty (it takes the crap (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Really? My information was incorrect, then. I must admit "The modern terrorist's guide to building the atom bomb" isn't all that likely to be completely accurate, of course ;) (somehing like that. It's on the net somewhere, anyway, though I (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Lindsay Frederick Braun

(...) Or else they'll have to admit that it's a necessary evil, or just ignore the statement in practice. Was this a civil court or a religious court? I don't think they're one and the same in Pakistan, but I haven't been keeping up with late (...) (25 years ago, 27-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Larry Pieniazek

(...) I'm gonna go with "none" unless they find some way to redefine rewarding the owner of capital for risking his capital as something other than "interest". I rank banning interest right up there with defining Pi as exactly 3. Both are about the (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) I think this thread has gotten VERY far from anything I wanted to talk about, even as off-topic debate, but even the bible prohibits usary (not a word my spell-checker catches). But in any case, my brief point would have been to point out that (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Larry Pieniazek

(...) Interesting, take me through how my charge card company would get a stake in the profits when I charge a meal for a client? Are you sure that's a workable suggestion? Do I have to give them an accounting of how exactly that meal resulted in (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Charge card? Electronic cash is EVIL. We should all return to barter as a payment system. So that's no problem at all.[1] BTW, Richard, on the subject of thread-drift: You don't own the thread or even the subthread because you started it, this (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —James Brown

(...) Barter is a fantastic system. It's only drawback is that it becomes impractical as volume increases, and it requires all participants to have an idea of the value of goods. It's only TWO drawbacks are... ;) (seriously, though - barter is GREAT (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) Exactly. Try running a global economy filled with 80 % utter lusers on it. We're talking about people who need to call Support to tie their shoelaces. And then still can't. (...) In the real world, as well. But can you see me shipping three (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —John Neal

(...) BOOM!! NOOOBODY expects a Spanish Inquisition. Our weapon is supplies--supplies and fear. Fear and suppl-- our two weapons are fear and supplies and the ruthless efficiency. Our three weapons are fear and supplies and the ruthless efficiency (...) (25 years ago, 28-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —James Brown

(...) <grin> Nitpick: c/supplies/surprise James (URL) (25 years ago, 28-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —John Neal

(...) Well, I didn't expect a Canadian Nitcorrection..... -John (...) (25 years ago, 28-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) NOOOBODY EXPECTS... Nemmind. Anyway, the parrot's _dead_. Jasper (25 years ago, 29-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —Ray Sanders

(...) I thought it was just resting. Ray (25 years ago, 30-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —John Neal

(...) ...tired and shagged out from a long squawk... -John (...) (25 years ago, 30-Dec-99, to lugnet.off-topic.fun)

Re: Taxes from Lego auctions? —Mike Stanley

(...) Well, if you're smart you're paying that balance every month (or your company is), so the CC company wouldn't be making anything off the meal from you anyway. They'd be making their 2-4% from the restaurant for the transaction. :) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) Well, I am not sure about the exact nature of your hypothetical, but how about the way one uses an ATM for different purposes -- your use being contigent on available money in the account. The account itself is simply paid for with a service (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Larry Pieniazek

Whoa, whoa... (...) This, above, has almost NOTHING to do with interest. It so happens that I agree with some (most? almost all?) of your points(1). I'd prefer that my money be issued by a private bank, and backed by something tangible, instead of (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) Okay, sorry. I see that you are talking something like my language. And I wasn't using the bible to justify anything, merely pointing out the many faiths have this idea in there somewhere (relating it back to another offshoot of this thread). (...) (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) I'll give you three to one odds and go for "dramtically negative", myself. (...) Interestingly, I've heard one rumour that this is _exactly_ what they're doing. I suppose the system of investing in companies in exchange for shares in it (...) (25 years ago, 24-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Larry Pieniazek

(...) No bet. I keep thinking (at 2 am or so) that none==no OR negative. I should have just said negative too. (...) I was insufficiently precise and what you said is what I meant to say, basically. (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Jasper Janssen

(...) That's what I figured, but hey, what's life without a little smart-arse remark now and then. (...) It happens. You know what (don't tell anybody else I said this, mind!): It's happened to me too. More than once. Imagine that... Jasper (25 years ago, 25-Dec-99, to lugnet.off-topic.debate)

Re: Taxes from Lego auctions? —Richard Marchetti

(...) I am sick as a dog, but I couldn't let this particular comment pass without commenting upon it myself. And BTW, it is my understanding that the 16th Amendment has essentially no force in law. It neither adds nor detracts from existing tax (...) (25 years ago, 17-Dec-99, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Mark Koeberl

Will Middelaer wrote: snip... (...) I apoligize for snipping any of Will's response, but in the interest of brevity and management, it seemed necessary. The question of taxes from sales may apply to individuals as well as businesses, if the sale (...) (25 years ago, 19-Feb-00, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Alan Demlow

(...) I gave the IRS a call about this since (as I'm sure most of you are aware) it's tax time and I wanted to know what to do with Lego income. The basic answer is that profits from selling sets (or parts) should be counted as capital gains, (...) (25 years ago, 5-Apr-00, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Frank Filz

(...) One point on the above - (in the US [and remember, IANAL]) you don't get to deduct the hours you spend (though if you paid some kid to dissassemble and sort the parts, then you could deduct that expense). (25 years ago, 5-Apr-00, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Steve Bliss

(...) So get togehter with a local lugnetter, and pay each other to sort sets. Make up any time differential by altering the hourly wage, so you each pay the other the same amount as you receive. Course, you then have to pay taxes related to being (...) (25 years ago, 6-Apr-00, to lugnet.market.theory)

Re: Taxes from Lego auctions? —Mark Koeberl

(...) But wouldn't you have to pay taxes only if you show a profit? There would be withholding and SS taxes that would have to be paid in if you made a business out of lego trading, and the SS could not be recovered. However, the deductions may (...) (25 years ago, 8-Apr-00, to lugnet.market.theory)