eBay Sales Tax in Illinois
ecfas
Posts: 1 ✭
This morning I received 4 emails from eBay stating they reimbursed me for the sales tax on my last 4 coin purchases. I also noticed this morning that no sales tax was listed for coins contained in my eBay shopping cart. It appears that eBay is no longer charging sales tax on any legal tender (coins, proof sets, bullion, etc) for Illinois residents.
4
Comments
This is good news. See - if you bug them enough they will take the time to review and correct their mistake.
Oh jeez, you just blew it up for the tax conspiracy folks here. Thanks.
10-4,
My Instagram picturesErik
My registry sets
Glad that you got your money returned.
I wonder what the process is to get a refund?
I didn’t receive one and no one ever contacted me from eBay after calling them multiple times.
Many posts were legitimate concerns. My purchasing and selling was adversely affected for 15 days. That’s not too long, but it makes a difference. People from Michigan and Utah have been experiencing incorrect taxation since Oct 2019 (I’m not sure if their issue was solved).
eBay also didn’t do the best job of responding to questions on the topic. Different reps had different answers and there was no general notice that the issue would be resolved. One rep said there would be an email sent out to everyone last week and it never came.
Also, the tax issue is far from solved. Those states where eBay is forced to still collect sales tax (where they didn’t have to before the Supreme Court decision), will continue to see less purchases (especially for higher priced items).
Welcome!
And nice report.
"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
well, the sales tax collection is not exactly an "issue" that anyone is going to even try to solve. States need/want the revenue and they finally have permission to collect this.
Whether eBay sees more or less sales has less to do with the tax and more to do with the overall cost structure relative to B&M operations. After all, you can't go anywhere else in the State to avoid the tax. You also can't go to any large internet retailer to avoid the tax. Your only choice is to maybe find a small timer who stays below the threshold for tax collection like www.everythingvaluable.com
And, eventually, the States will figure out how to tax the small fry also.
So basically you wrote all that to still tell us that the sales tax issue isn’t solved (whether or not any effort will be made to “solve” it).
Also, ads for websites are for the bst (even if some manage to sneak it in on a regular post)
LOL. I've decided to follow Dimemans example It's more tongue-in-cheek than anything since that website is, at best, under construction.
No, I dint write all that to tell you that the sales tax issue isn't solved. I wrote all that to point out that there is no sales tax issue. The states want to tax everything and they are.
Your last sentence contradicts the second to last.
What a sad day for coin collectors to have it all wrecked by government wastrels.
Not really. Only if you assume that all taxes represent a problem that needs solving. In that case, sure. But I tend to think of issues as problems contrary to goals, not as achievement of those goals.
I don't think the sales tax affects "collectors" at all. Sales tax affects "flippers".
If you are buying to own, the sales tax might cause a price reset in the market as people discount their bidding by the sales tax. This doesn't really reflect the buy-and-hold collector. It does affect the flipper because you are not going to be able to recover the sales tax on the flips.
On the other hand, if you want to frequently flip, just get a resale certificate and you won't be paying the sales tax.