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6/3/2013 5:30:30 PM
2
Kinda relevant link, but UK government. I'd imagine something similar in the USA
English
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That's pretty similar to what i've been reading. Basically it says that if someone sells their old junk they wouldn't have to pay taxes, but if someone is buying and selling regularly then it would be considered a business, therefore they would have to pay taxes. But my question is, who checks to make sure those people are filing taxes? And how do they know if the person is buying and selling and not just selling old junk?
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I'd say paperwork, and occasional random checks. Otherwise, no idea.
