steakster +1
PayPal Friends & Family listings. Why is this becoming so common?
I think most sellers now realize they are not going to have a taxable profit.
The F&F listings at market price don't seem to sell.
It seems like buyers demand around a 20% discount to take on the added risk of F&F.
I'm really just curious to hear what buyers & sellers think of this practice.
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- 49 posts total
@puptent I think it is because it is a transaction, money changes hands, and the government has the opportunity to tax you. Think about it, sales tax (sales transaction), income tax (payroll transaction), interest (dividend transaction), 401k (distribution transaction), inheritance (probate transaction). If money is changing hands, the government wants a cut of the action, we call it taxes. |
- 49 posts total