this post was submitted on 24 Sep 2023
560 points (96.2% liked)
Technology
58142 readers
4294 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
You're right but, If you bought the bike years ago there's a strong chance you no longer have the receipt/invoice.
You won't need that unless you get audited, which is highly unlikely unless you're doing questionable things consistently, and even then they probably wouldn't care enough to look into a single bike sale too deeply.
I've been audited. It wasn't that difficult and I didn't need every last individual scrap of information