Originally Posted by Powerflow
Will PayPal Friends and Family be considered taxable income? They're really 'gifts'....


At this time they are not. But I suspect that may change. In addition, I suspect Paypal may start charging fees for those transactions as it will likely be used to avoid Uncle Joe's gret idea. Some selling formats like sleazebay are going to require the funds be paid through them and they will of course charge an additional fee and in some case sit on the $$ for up to 30 days. But they claim they're not making any additional money while sitting on it. whistling Sure I believe that, who wouldn't ? laugh2
I mean after all it's an HONEST American company right whistling Rumor has it they may change the name to GREEDBAY
I honestly hope uncle joe's idea buries the company violin ozbbq