PayPal comment on new income reporting law

Posted Thursday, August 7, 2008, at 11:27 AM

Here is the link to PayPal's comment on the new law. https://www.thepaypalblog.com/2008/08/pr...

I noticed that there is a discrepancy between what I got off the news-wire and this statement. The difference? Originally it was $10,000 and/or 200 transactions. PayPal sees it at $20,000 and/or 200 transactions.

Hopefully it will become a little more consistent by the time the law is enforced.

Comments
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I think everyone is trying to make too much money now. They are stripping away the simplicity of life and replacing it with a dollar value.

-- Posted by Monkey Killer on Fri, Aug 8, 2008, at 12:32 PM

How much is too Much Money?

-- Posted by Dianatn on Fri, Aug 8, 2008, at 1:31 PM

I do not know. I am still working on enough money. I will let you know if and when I find out, but dont count on me finding out anytime soon.

-- Posted by memyselfi on Fri, Aug 8, 2008, at 6:29 PM

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Steve Mills

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Steve Mills and his wife have one daughter and live on a farm outside of Bell Buckle. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.

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