Is rakeback taxable?

[teddyFBI]

[ QUOTE ]
[ QUOTE ]
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.

[/ QUOTE ]

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.

[/ QUOTE ]

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.