NY Sales tax on eBay is increasing my business from NY
jmlanzaf
Posts: 32,029 ✭✭✭✭✭
As I anticipated, now that NY residents have to pay sales tax on all eBay purchases, they no longer avoid me. LOL.
As a NY business, I've been charging sales tax on NY sales for 20 years. As a result, most NY residents tried to shop out of state to avoid the sales tax. Now that they can't avoid the sales tax, it doesn't matter who they buy from.
Whether the inability to avoid sales tax is affecting purchase price is harder to ascertain. I think there is a tendency to just accept the sales tax when it is inevitable. I mean, have you ever insisted on a discount on a shirt or car tires because of the sales tax? There may be an adjustment period, but I think it has been much ado about nothing.
I do wish they'd go to a national tax that applies to everyone equally. As things currently stand, if you are in a state that either has a coin exemption or no internet sales tax, you are at a competitive advantage over us poor slobs in sales tax states.
Just an observation. I've done more coin sales to NY residents in the last month - a usually slow month - than in the previous 6 months.
Comments
Why don't you just move outta that RatHole!
Now that eBay is charging sales tax, the BST Forum is looking better and better.
Worry is the interest you pay on a debt you may not owe.
I have often asked for a discount due to sales tax...never hurts to ask... and have been successful. Just do not ask a sales clerk... need to deal with the owner or manager....and NYS is a hellhole of taxes and corruption... I intend to leave. Cheers, RickO
Sorry that I have an advantage. Please consider moving here. 101 degrees but low humidity.
The same advantage in California with a resale license or go big and spend over $1500 for no sales tax.
Plus we got the Pacific.
On top of that...why do you want those of us who live in states that have a sales tax exemption on coins to have to pay sales tax? Why don't you get in the push to get an exemption in your state? H! If Cal. can get some concession why not NY?
Cool ocean sounds pretty good right now.
How many of those sales were over $1000?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
You want me to abandon my octagenarian parents?!?!?
It's not about coins. I'm talking about EVERYTHING. Yes, I'd rather have no taxes at all. But given that there are going to be some and given that I disagree with SCOTUS about the Wayfair ruling, I'd rather we have a uniform fair tax system than a disparate potentially punitive system. Keep in mind that it is most unfair to the poor who cannot simply move.
None
I have the opposite problem.
Indirectly, I'm probably helping you. I'm in NYC and I have surplus $20 gold pieces that I won't offer since I no longer can replace them without paying a sales tax.
I was looking to give up my resale cert (if I'm no longer in the selling business) but my accountant said perhaps I should reconsider? I guess it's Time to open the Ebay store and make sure by certificates are up to date?
@jmlanzaf Do you have a B&M, if so which part of NY?
Speaking of rats, cats are being bullied by those 2 lb rats in NYC. Too gross to post picture or video evidence here. Google it if you dare. lol
I just checked eBay will charge tax for California on October 2019. I hope that will help me. Right I only have few buyer from California
Congratulations, with a special emphasis on 'con'.
When you get to Texas just don't vote the same way that screwed your state up to begin with, Thanks that'll be all
Oh boy---the poor that cannot move argument. Those folks get whacked the hardest when they buy cigarettes and lottery tickets. The tax on the condition rarity coins that they buy is over the top.
Bernie! Bernie! Bernie!
My wife and I made decision to "Escape From New York" twelve years ago. Now, you want to penalize us for moving to a low-tax state?!?! What I would like to say would get me banned from this forum......
Member ANA, SPMC, SCNA, FUN, CONECA
We have no sales tax, but already have way to many people moving from other states doing their best to give us everything they tried to get away from.
Have them move to Florida like all of the other old New Yorkers.
There's no tax on lottery tickets.
It doesn't penalize anyone to have a uniform tax code on interstate commerce.
Not true......Taxes, in and of themselves, are a penalty !
Tickets are internally taxed at a 50% rate.
Hmmmm, What about states that target out of staters? Locally here we have Tennessee. Folks in Tennessee don't pay taxes all of us around here(SE) do because they jack their sales tax to the moon counting on taxes out of staters pay when they visit or travel through!
It doesn't penalize anyone to have a uniform tax code on interstate commerce.
Huh??? If I suddenly have to start paying the tax - that's not a penalty??
Member ANA, SPMC, SCNA, FUN, CONECA
Those wouldn't be affected by INTERNET sales taxes.
I don't care what locales do in general. But the nexus issue with internet sales requires, I think, more than a local solution.
No, the tax has never existed before in this country. Something of a VAT.
I'm NOT talking about local sales tax. Jurisdictions can handle that however they see fit. I'm suggesting that the "cloud location" of internet sales requires a less local solution.
And you really should consider the broader implication to YOU (and everyone else) of any extension of this taxing of interstate commerce.
Suppose, with precedent set, NY decides to impose a tax on any item that has a NY manufactured part or that passes through NY in transit or that has a NY accounting firm working for the manufacturer. Or suppose they decide to tax you because the internet servers you surf through are located in NY state?
It would be far better, and simpler, if the Feds maintained control of cloud commerce and not allow states to invoke nexus this way.
LOL. That's an innumeracy fee not a tax.
That is a separate argument. But until you can ban taxes [Vote Anarchy!], making them fair seems the least we could do.
From each according to his ability, to each according to his needs.....
Where have I heard that before?
Member ANA, SPMC, SCNA, FUN, CONECA
Just throwing words...
“Individual Mandate” another way to say tax.
“Fee” is another way to say tax.
IMO
in layman's term, extortion pay your protection money or else....
Oddly, that doesn't apply to this thread at all.
there killing us small
Bernie Sanders?
Worry is the interest you pay on a debt you may not owe.
I agreed, I hate it here
BHNC #203
I'd move but the view from my new rathole in Saratoga Springs NY is too nice.
Help me understand this....
I can buy a $1,000 FRN on E-bay for $2000. I then will be asked to pay a couple hundred dollar sales tax. In total I might pay $2200. I have to pay tax on money?
My question is whether I'll soon be paying a tax when I get cash from the ATM?
Well, at least it has leveled the playing field for you in your home state which is good news.
I would have not foreseen that result but it makes sense.
I live in a rural area 5 miles south of the "Upstate" NY border. We spend almost all of our money in NYS, shopping, dining, etc.
The people, history, towns, small cities, culture and natural resources are fantastic.
Second to none.
Including the Niagara frontier.
It's a shame the bad rap the state gets due to where the population is concentrated and the resulting over-the-top legislation.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
I have no issue paying the NYS tax but don’t understand why different dealers charge me a different percentage: for example CRO is 4%...DWN is 7%...
I am in Texas.
No sales tax on coins
No State Income Tax
Please keep your taxes and fees in your own states.
internet Tax going into effect October 1, 2019
California
North Dakota
South Carolina
Texas
Utah
Add in the tax on the jackpot winner and you are in the 70% range.
Sales tax never impacted my decision to purchase a nice coin that I liked. I always considered it the cost to acquire. I live in NY and never stopped buying from Heritage despite them collecting sales tax.
BTW, the state of NY is more than just the city. All politics aside, it's a beautiful state that has a lot to offer.
Do you have an official reference? I live in Utah and I have not heard nor read of a sales tax. There is a sales tax on certain bullion items with 50% metals, but nothing else that I am aware of.
https://www.ebay.com/help/selling/fees-credits-invoices/taxes-import-charges?id=4121#section4
Thank you. So it is Ebay imposing a blanket tax. In Utah, coins and precious metals are still exempt from sales tax. Bye bye Ebay, it was nice knowing you for almost twenty years.
If coins and metals are exempt in Utah, eBay will exempt them as they have for other states. eBay can NOT LEGALLY IMPOSE A SALES TAX. They are just following whatever the state guidelines are.
Yes, I live closer to Cleveland, Ohio than NYC.