Quote Originally Posted by Flying10uk View Post
Does the US tax system not recognise the difference between an individual selling off "surplus items" that they may have owned for some time to someone "purchasing items with the sole intention of reselling at a profit"? Clearly there is a difference between the two scenarios and it may be reasonable to assume that the latter may attract tax after perhaps a threshold of profit had been passed.
If you study your whole life, you can understand enough of our tax codes to make a good living doing the paperwork for others, just well enough to not get your clients in trouble. It is very purposely extremely complicated.

Trump only made one campaign promise that I cared about: simplifying income taxes. He utterly failed miserably at it.