I was wondering who has experience when it comes to paying taxes(federal and state) on larger domain sales... lets say 4- 6 figure sales? I am figuring that he business starts to become serious and you are making good profits then taxes will come in the picture. I live in New York by the way. If you make good sales and process it through escrow.com or another platform do you have to report it on taxes and pay taxes on it? How much do you have to pay(use and example)? Thanks!