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RE: Goodwill Outlet Income Experiment - Thrifting, Picking, & Finding Profit Day 4 - First Sales!

in #money7 years ago

At about this point the tax agency would jump in and force you to pay tax and register as a merchant and your total would jump to $-200, if you lived in Finland.

Haha, seriously, I'm not sure what the limits are, but basically you're not supposed to do what you are doing here, without paying tax.

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Flea-Bay reports to the IRS, so basically, you have to report it as income from a business if profit is over $500.

It's not wealth easily there! More like wealth difficulty.

Well, easy is subjective :) I think investing is easy, but you can't half-ass it or it won't work