Question: What kind of taxes do I have to pay if I sell things on the Internet? Let's say that I decide to sell a few possessions (books, collectibles, etc.) online.  What kind of taxes would I be responsible to pay in that situation?

Answer: depends.  if they are personal property, and you didn't sell them for more than you paid, it's handled like a garage sale, no fed taxes.  can't speak for the state.  however, if you start doing this as a source of income, the answer changes.
This question from the Yahoo Q&A forum is categorized in the topic: Computers & Internet