Absolutely! First, you should check with your town to find out if you need a permit. Also, be sure to note how many days per year you are allowed to have a garage sale with your state before it's considered a legit business and you will be required to pay taxes.
To make more money on the yard sale, you'll need to properly advertise it so that a large amount of people show up to buy your stuff.
For more information, visit the Related Link.
Usually you do not get free stuff at a yard sale. You buy used objects at low prices. Sometimes you can bargain and ask the seller to throw in an extra item free if you're buying something large.
Individuals can't charge others tax. You do need to claim profits on your income tax, though.
If you get more money than you paid for it, yes. If you get less, no.
No you don't because it's a yard sale it's not like a shop for example when you buy a house you have to pay taxes for a house
Some cities now do require a yard sale permit.
No just make your own signs
When you file your income tax return for the year of the sale.
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
Monaco doesn't pay income taxes
Yes could have to pay some income taxes on your pension income.
Estates pay taxes on income and may have to pay inheritance taxes.
= the amount of income individuals have after they save and pay their taxes? =
Generally, if you have NET income after deductions and losses, you pay tax.
State income taxes don't pay for road repair in other states.
Yes everyone has to pay income taxes no matter what even the president.
Yes. They pay income taxes and property taxes and sales taxes.
Everybody has to pay taxes.
He had to pay his income tax. My dad has to pay income taxes.