Quote:
Originally Posted by Kevin-SFBucks
Yes, when you have a garage sale, that is income. You are supposed to pay taxes.
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Incorrect.
http://www.irs.gov/businesses/small/...163622,00.html
Quote:
Originally Posted by Kevin-SFBucks
When you sell your used car you have already paid sales tax on it, but the buyer pays again from the sale.
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Perhaps in some states, but in GA, if you buy a car from a "person" and not a business, you don't pay sales tax. Since there is no federal sales tax, state tax is all that would be affected by this transaction.