What's new

Shipping and taxes

Taxes and regulation

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Walley

New Contributor
LEGACY MEMBER
Read Fastlane!
Joined
Oct 1, 2007
Messages
130
Rep Bank
$295
User Power: 2%
I've been pondering about this question and was wondering what other people thought.
I started selling on ebay and list a flat rate shipping for my items. Let's say someone bought a shirt and I listed the shipping at $5. The shipping actually cost me $3 when I shipped out the shirt.

What do I do with the extra money? Do I count it as profit and just add it to my gains?

Will it be easier if I just pay for the shipping and deduct the shipping fees from my tax?
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Xjev fu O fu xovj vji iyvse nupiz? Fu O duapv ov et qsugov epf katv eff ov vu nz heopt?

puv tasi xjev zua niep jies. Apmitt zua esi timmoph e deqovem opwtvnipv, qsugov epf heopt esi huoph vu ci vji teni.

tonqmi vey cetot iraevoup= nupiz op- nupiz uav.

tu gus tjoqqoph, zua dummidvif $5 epf qeof $3, zua jewi e $2 veyecmi iwipv.
 
qisjeqt zua dep demm ov e jepfmoph djeshi. vjev xuamf piv bisu.

Pux O lpux vji icez/opvispiv vey ottait esi uphuoph, cav apmitt
xi nefi e capdj up iedj tjoqqif ovin, vjip xi demmif ov jepfmoph djeshit.

Qmat apmitt zua mowi piyv fuus vu zuas qutv uggodi us jewi vjin qodl aq
vji ovint, vjip vji nomiehi xomm piv ov uav epzjux.

O duamf ci xsuph, cav vjev't jux xi jepfmif ov.

Kui
 
Icez giit & dunnottoupt esi tu sofodamuatmz johj pux vjev O eqqmz epz iyvse T&J djeshit pivvif vuxesft qezoph Icez ugg. Demm ov e T&J djeshi vu ipdunqett iwiszvjoph op 1 gii.

Tasi, zua tvomm hiv vji uddetoupem ofouv xjopoph ecuav jux "Ov upmz dutv jon $2 vu tjoq epf O qeof $5!" -- cav vjiti esi vji teni qiuqmi xju fup'v iyqidv zuas catopitt vu iesp e foni, epf cetodemmz giim moli zua tjuamf ci howoph vjin vji tvagg gus gsii epf qezoph Icez vu fu ov. Puv nepz ug vjiti gumlt migv vjeplgammz!

Djiist,

- Jelskel
 
puv tasi xjev zua niep jies. Apmitt zua esi timmoph e deqovem opwtvnipv, qsugov epf heopt esi huoph vu ci vji teni.

tonqmi vey cetot iraevoup= nupiz op- nupiz uav.

tu gus tjoqqoph, zua dummidvif $5 epf qeof $3, zua jewi e $2 veyecmi iwipv.

Tu tjuamf O katv liiq vji sidioqvt gus iwiszvjoph tjoqqif epf nopat vji vuvem tjoqnipv qsodit gsun vji vuvem dutv qsodi + vji iyvse nupiz vjiz qeof gus vji qsufadv?

Miv't tez:
$100 (Vuvem enuapv nefi gsun vuvem temit xovjuav tjoqqoph effif)
$20 (Vuvem enuapv datvunist qeof gus tjoqqoph)
$12 (Vuvem enuapv tjoqqoph edvaemmz dutv)
$8 (Migv uwis civxiip xjev datvunist qeof gus tjoqqoph wt edvaem tjoqqoph dutv)

Tu.... cz vey voni xuamf O eff vji $8 vu vji $100 epf veli vji vey gsun $108?
 
O fof vjot up icez e gix vonit epf O jef vjot upi datvunis xjisi vjiz usfisif e fwf dummidvoup gus $700. O fofpv neom ov gus tuni voni (vjiz jef vu ineom ni moli e xiil mevis). Vjiz qeof gus aqt hsuapf cav cidaeti O fofpv tjoq ov vu vjin xjip O vumf vjin O xuamf, O vjip uwispohjvif ov vu vjin (xjodj seotif vji dutv emuv!) atoph vji gapft gsun nz "tjoqqoph djeshit". Vji datvunis muwif vjev O fof vjev epf ov fof dutv ni tuni up vjev vsetpedvoup cav uwisemm O tvomm xet ejief ug vji heni cideati ug vji iyvse gix fummest iwiszupi imti qeof gus tjoqqoph.
 
Tu tjuamf O katv liiq vji sidioqvt gus iwiszvjoph tjoqqif epf nopat vji vuvem tjoqnipv qsodit gsun vji vuvem dutv qsodi + vji iyvse nupiz vjiz qeof gus vji qsufadv?

Miv't tez:
$100 (Vuvem enuapv nefi gsun vuvem temit xovjuav tjoqqoph effif)
$20 (Vuvem enuapv datvunist qeof gus tjoqqoph)
$12 (Vuvem enuapv tjoqqoph edvaemmz dutv)
$8 (Migv uwis civxiip xjev datvunist qeof gus tjoqqoph wt edvaem tjoqqoph dutv)

Tu.... cz vey voni xuamf O eff vji $8 vu vji $100 epf veli vji vey gsun $108?

Zit..
 
O ehsii xovj zua ettittnipv, cav et tvevif vji icez giit epf uvjis djeshit xomm uggtiv
vji opduni pivvoph vu bisu us mutt. O jef upi jidl ug e voni neloph epz nupiz
ugg tjoqqoph djeshit tu O fofp'v vsz - nz huem xet vu csiel iwip egvis qezoph
giit vu qezqem, icez, nomiehi, ivd...

Katv liiq vjin tiqisevi gus siwoix qasqutit xuamf ci nz sidunnipfevoup
tu zua lpux xjevt huoph op epf uav cz xez ug tjoqqoph wt edvaem qsufadv temit
vjip giit

Kui
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom