/biz/ - Business & Finance

[Anonymous No.51174379]

How will your online business be affected by the tax policy of the Inflation Reduction Act?

[Anonymous No.51174600]

>>51174379
That tax policy came out prior to the inflation reduction act retard.
OP confirmed a faggot

[Anonymous No.51174619]

>>51174379
>Inflation Reduction Act
It's a climate change bill. Its just going to make things more expensive.

[Anonymous No.51174905]

>>51174379
now make opensea do the same

[Anonymous No.51175639]

>>51174379
0 because I don't live in burger land.

[Anonymous No.51175723]

>>51174379
(pic not related)

[Anonymous No.51176109]

you sell everything at a "loss" dummy and thus pay no taxes on them (in fact you get a tax write-off)

[Anonymous No.51176182]

>>51174379
>How will your online business
I'm not a middle man leech so it won't affect me at all

[Anonymous No.51176458]

If you have a true business you should have been paying taxes on the income already.

This fucks over amateur sellers just getting rid of their old shit on eBay, now come April I have to prove to the IRS that the $3k in sales on eBay in 2022 was all my old shit that I paid $6k for originally and that I never actually made a profit to be taxed on any of it.

[Anonymous No.51176634]

>>51174379
Things are GREAT right now. BETTER THAN EVER. Stop acting like shit is getting worse just because you got older.

[Anonymous No.51176677]

>>51174379
It won't, because according to the faggots jannies politics do not affect business.

[Anonymous No.51176706]

>>51176634
Gay post

[Anonymous No.51176787]

>>51176458
Basically this. I just now keep a ledger and sell everything at a loss. However, your average side hustler can't into P&L and is going to get rekt. Why do you think they are hiring 87k new IRS agents? Just in time to process 2022 tax returns.