Paypal to partner with the IRS!!
- Thread starter Mick
- Start date
Drake Farstrider
New member
I am not all that suprised. It\'s a matter of time before they try and tax everything we do.
Ebonbuddha
Active member
Hey SV. (And others of course) I have a funny story about taxes. And it’s true too. I had a friend in Mobile who the mean people at work called the Rich Girl. Anyway, one day she was complaining. It seems that Bill Clinton and his damned taxes took half of the money her father earned that year. I was shocked, so I asked the rude question of how much did he make that year. She says, \"He made two million dollars.\" I nearly fainted. I would love to have to live off of 1 million dollars a year. Of course I would have to cut back on this extravagant life style I have now. lol
Quot from the article:
\"A federal court in San Jose, Calif., gave the I.R.S. permission to ask PayPal for information on American taxpayers who have bank accounts, credit cards or debit cards issued by financial institutions in more than 30 countries that are reputed to be tax havens.\"
So the IRS considers PayPal to be a country?
\"A federal court in San Jose, Calif., gave the I.R.S. permission to ask PayPal for information on American taxpayers who have bank accounts, credit cards or debit cards issued by financial institutions in more than 30 countries that are reputed to be tax havens.\"
So the IRS considers PayPal to be a country?
Ebonbuddha
Active member
I think they mean that Paypal is used to send money to accounts off shore, then people max their credit card anf pay it off from the account. You could in theory move thousands of dollars without paying a single dime in taxes. My card only allows me to make for payments a month. I guess that is their way of keeping me from doing that. But if I had the money, I could pay myself $4000 a month tax free.
