Re: Is rakeback taxable?
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I posted in one of the other 100 threads on this topic that i was of the firm belief that RB was NOT taxable -- I subsequently got flamed hard, although I stand by my position.
I won't make any more posts in this thread; search for the other threads on this topic if you care to see my take on it.
Bring on the flames.
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If it wasn't taxable then pretty much anything with sales tax on would be sold with the store providing a "gift" to the buyer later, to minimize taxes.
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OK, i lied: THIS will be my last post in this thread.
RB isn't taxable for the same reason that mail-in-rebates aren't taxable as regular income.
Yes, I've heard the counterarguments. I disagree with them.
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