Sold a couple items on Ebay last month, looking at the bank statement and I see "Payout Ebay tx" and a big long number listed on the deposits section. So when that tax account number reaches $600 the IRS is going to get a 1099K next January. The stuff we're selling we've had for 30 years and sure don't have any receipts to show for the profit or loss. And those amounts go on top of any other income when filing so they are taxed at the top bracket. So there's 14% for Ebay's fees and 20 - 30% for the Feds. Just another hit for the middle class I guess.