Paypal FF & Zelle

You guys crack me up!

Billionaires pay taxes but they also know tax code because they were smart enough to amass a fortune in the first place!

I applaud them, I do not vilify them.
If the billionaire business owners didn't get breaks, there wouldn't be jobs for the people to work. I totally get it. Doesn't mean the working class isn't getting the shaft and have no say in where that mowmy goes though.
 
And sellers who don’t deliver on a USPS money order payment are subject to federal mail fraud charges. It’s not often proven but it seems to have sent the scammers in other directions.

PayPal decided to dispute me one time over nothing at all. I’ve never attempted to recover my account since then. They might be the biggest scammer of all.
I beg to differ. I recently "purchased " a piece of ham radio equipment (my other vice) and the seller wanted a USPS Money order. I purchased the money order and sent it to the seller. Two weeks later, no radio. I contacted the seller via email and he said "I shipped it". I asked for a tracking number and he said he shipped it without one to save money on shipping. The radio was $500. I contacted the post office fraud folks and here is what I was asked :
* Can you prove he did not ship it.
* Do you have anything other than email to show a sales contractual agreement.

I said no and they said that without some sort of signed sales contract and proof he did not ship, that I was out of luck. They also told me that if the loss is less than 5K they don't spend a lot of time investigating because of the low dollar amount and the number of high dollar losses vs. the number of investigators to work them. Bottom line, I dealt with a scammer, no help from the USPS and I was out $500. Lesson learned, I will never use USPS Money Orders again and if the seller does not accept PP, Venmo, or Zelle, no sale.
 
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If the billionaire business owners didn't get breaks, there wouldn't be jobs for the people to work. I totally get it. Doesn't mean the working class isn't getting the shaft and have no say in where that mowmy goes though.

Breaks huh?

It's called tax law and it applies to everyone.
 
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Breaks huh?

It's called tax law and it applies to everyone.
They get taxed at a lower percentage than lower income folks. The politicians even call them tax breaks.

They also use loopholes like keeping a dilapidated property and refuse to fix or sell it so they can use the depreciated value as a tax write off. Hence why downtown metro areas are rirtled with crumbling buildings that never seem to go anywhere.

I don't hate the player, I hate the game!
 
I can’t use PayPal any longer because of my business. Banned me for violating their terms and held my money for quite awhile almost 9 months, 3 months longer than they should have. Trying to investigate so they could fine me and keep my money. No cement proof of my business using PayPal so they had to release. Makes buying and selling on forums very tricky and riskier on my end.

I use cash app and my online store for payments, as far as buying I have no protection besides hoping they haven’t been hacked and they have a good trade history. Usually always look for activity on their profile and make sure they stay active. Using my store buyers have protection and can do chargebacks and dispute so very safe for them, not as safe as PayPal is (where buyers can easily take advantage of sellers) more so fair for both.

I would never send a money order personally. No different than cash app just takes longer.
 
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I beg to differ. I recently "purchased " a piece of ham radio equipment (my other vice) and the seller wanted a USPS Money order. I purchased the money order and sent it to the seller. Two weeks later, no radio. I contacted the seller via email and he said "I shipped it". I asked for a tracking number and he said he shipped it without one to save money on shipping. The radio was $500. I contacted the post office fraud folks and here is what I was asked :
* Can you prove he did not ship it.
* Do you have anything other than email to show a sales contractual agreement.

I said no and they said that without some sort of signed sales contract and proof he did not ship, that I was out of luck. They also told me that if the loss is less than 5K they don't spend a lot of time investigating because of the low dollar amount and the number of high dollar losses vs. the number of investigators to work them. Bottom line, I dealt with a scammer, no help from the USPS and I was out $500. Lesson learned, I will never use USPS Money Orders again and if the seller does not accept PP, Venmo, or Zelle, no sale.
If he takes Venmo or Zelle and doesn’t ship, you still have no recourse
 
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If he takes Venmo or Zelle and doesn’t ship, you still have no recourse
I’m unsure about Zelle, but I believe Venmo does have purchase protection now. They are owned by PayPal and if the source has PayPal payment i know you can protect. Unsure if it works if they don’t also accept PayPal. I can’t use Venmo because of the PayPal ordeal.
Wise money transfer is something I use for international payments, can be used anywhere in the world and has some protection to it. You can send to any bank account or if they have a wise account you just send to that email. Very easy and fast with getting funds to where they need to go.

Authorize.net is what I use as well and has protection. Can dispute ACH or echecks for up to 60 days.
 
I’m unsure about Zelle, but I believe Venmo does have purchase protection now. They are owned by PayPal and if the source has PayPal payment i know you can protect. Unsure if it works if they don’t also accept PayPal. I can’t use Venmo because of the PayPal ordeal.
Wise money transfer is something I use for international payments, can be used anywhere in the world and has some protection to it. You can send to any bank account or if they have a wise account you just send to that email. Very easy and fast with getting funds to where they need to go.

Authorize.net is what I use as well and has protection. Can dispute ACH or echecks for up to 60 days.
I tell you for a fact Zelle your screwed I got scammed a couple years using zelle never again.
 
I tell you for a fact Zelle your screwed I got scammed a couple years using zelle never again.
Zelle is definitely not a good choice.
I myself was just scammed with cash app a month or so ago. Down payment for a goat 🤦‍♂️ just wanted a friend for our others that was close by and got caught up in my feelings.
I think it would be really beneficial if people had to write their username and date on a picture to post in market on here. Another forum I use does this and it helps quite a bit. Easy to reverse image search them and be sure it’s a fake. Also harder for people to fake pictures.
 
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I beg to differ. I recently "purchased " a piece of ham radio equipment (my other vice) and the seller wanted a USPS Money order. I purchased the money order and sent it to the seller. Two weeks later, no radio. I contacted the seller via email and he said "I shipped it". I asked for a tracking number and he said he shipped it without one to save money on shipping. The radio was $500. I contacted the post office fraud folks and here is what I was asked :
* Can you prove he did not ship it.
* Do you have anything other than email to show a sales contractual agreement.

I said no and they said that without some sort of signed sales contract and proof he did not ship, that I was out of luck. They also told me that if the loss is less than 5K they don't spend a lot of time investigating because of the low dollar amount and the number of high dollar losses vs. the number of investigators to work them. Bottom line, I dealt with a scammer, no help from the USPS and I was out $500. Lesson learned, I will never use USPS Money Orders again and if the seller does not accept PP, Venmo, or Zelle, no sale.
Same here- some years ago.. over $2000. They did nothing- did not care.
 
They get taxed at a lower percentage than lower income folks. The politicians even call them tax breaks.

They also use loopholes like keeping a dilapidated property and refuse to fix or sell it so they can use the depreciated value as a tax write off. Hence why downtown metro areas are rirtled with crumbling buildings that never seem to go anywhere.

I don't hate the player, I hate the game!
Can you provide a source for this? According to my paychecks and the tax law the more you make the higher rate you are taxed both state and federal. And depreciation has limits on time, you can only take advantage of that for so long. A lot of areas it doesnt make up for the property tax and insurance so they arent exactly net positive doing that either. Really you have to take advantage of every legal strategy possible to save the most of your hard earned money.
 
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Can you provide a source for this? According to my paychecks and the tax law the more you make the higher rate you are taxed both state and federal. And depreciation has limits on time, you can only take advantage of that for so long. A lot of areas it doesnt make up for the property tax and insurance so they arent exactly net positive doing that either. Really you have to take advantage of every legal strategy possible to save the most of your hard earned money.
Oh no, I get that. I'm a 1099 contractor and I use as many deductions as I can.

Reason I say they're taxed at a lower percentage, is because the Uber rich write off everything and then some so they get their income to look as low as possible. Therefore a billionaire will pay a few hundred thousand or possibly a couple million in taxes vs the 20+% of their income the average American pays.

Is it fair? Not to me. Is it legal? Yes.

How can someone who is raking in billions of income a year only end up paying a couple percent, but a standard W2 employee will pay a quarter of their income to all the different federally mandated taxes? They can't possibly have that many write offs.

What they do have is enough money to pay the right people to look the other way, which is still much cheaper than paying the taxes.

I'm also not for raising those taxes on cooperations, because they provide millions of jobs for us plebs to work. You tax them too much, they go somewhere else and our economy suffers. Slippery slope.
 
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Back when Eisenhower was president (were you born yet?) I have read that the corporate and very high-income tax rate was in the neighborhood of 50%.
The U.S. growth rate was high, jobs plentiful, and the rich and corporations neither ran away nor went broke.
Then the greed trickled down and screwed things up

Just my 22%
Edward
 
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If the billionaire business owners didn't get breaks, there wouldn't be jobs for the people to work. I totally get it. Doesn't mean the working class isn't getting the shaft and have no say in where that mowmy goes though.

Oh no, I get that. I'm a 1099 contractor and I use as many deductions as I can.

Reason I say they're taxed at a lower percentage, is because the Uber rich write off everything and then some so they get their income to look as low as possible. Therefore a billionaire will pay a few hundred thousand or possibly a couple million in taxes vs the 20+% of their income the average American pays.

Is it fair? Not to me. Is it legal? Yes.

How can someone who is raking in billions of income a year only end up paying a couple percent, but a standard W2 employee will pay a quarter of their income to all the different federally mandated taxes? They can't possibly have that many write offs.

What they do have is enough money to pay the right people to look the other way, which is still much cheaper than paying the taxes.

I'm also not for raising those taxes on cooperations, because they provide millions of jobs for us plebs to work. You tax them too much, they go somewhere else and our economy suffers. Slippery slope.

I keep hearing this but have yet to see proof, it just sounds like jealousy to me.

I staunchly believe that nobody is entitled to what I worked for.

I've had an LLC since '92, the first 5 years I paid zero fed income tax as my P&L was negative.

This applies to any tax payer.

I support billionaires and applaud thier moxy!
 
I keep hearing this but have yet to see proof, it just sounds like jealousy to me.

I staunchly believe that nobody is entitled to what I worked for.

I've had an LLC since '92, the first 5 years I paid zero fed income tax as my P&L was negative.

This applies to any tax payer.

I support billionaires and applaud thier moxy!
So during those 5 years did you make income? Of course you did. Were your operational cost really more than you brought in? Highly doubtful.

I know my master contractor doesn't pay income tax either because of all his deductions, yet he has the means to go on multiple trips a year and pay me a decent wage. I pay taxes on that wage, even with my own deductions.

How's that work then? I've seen his books and know what he brings in but pays no taxes?

Is that tax fraud or just using the system as it's designed?

Technically, you are supposed to pay yourself a wage out of the company earnings and be taxed on that income, even as an owner/operator.
 
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