Email a copy of 'Why People Are Increasingly Turning to a Side Hustle' to a friend
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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
and when they sign up on ebay they will learn how to be hustled
Sadly, as soon as Covid triggered a rise in this–our government lowered the ceiling for venues to report sales to the IRS from 20K,200 sales to a flat 600 sales!!!! And they quoted that a lot of women were doing this to try to support their kids during the period of unemployment. Stimulus check in one hand & the other hand extended to take back taxes.
(I might be wrong on what the previous dollar amount was…..but it was a lot higher. And required both $ and sales. Now it’s just $600.
A lot of the side hustle will end Jan. 1st 2022 when the 1099 reporting will drop to $600
The rich, their corporations, and their minions in Congress hate people having independent money-making opportunities. Don’t be surprised when people resort to cash sales and these demonic clowns take away physical money in response.