<< <i>I wonder about the tax consequences of this sale. Imagine if the seller's parent is the bidder. Could this be a brilliant way around gift limits? >>
I wonder how one would figure the cost basis on a soul?
I wonder how one would figure the cost basis on a soul?
I'd argue that one's soul is an asset inherited from its prior host. As an inherited asset, one's cost basis is the value at the time of inheritance. The very fact that the soul is being sold indicates that it has likely depreciated since inheritance. Therefore, no tax is due.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
The auction counter is currently at 3619. This has been up on eBay for six days already and hasn't been pulled, despite mention here, and undoubtedly other forums of eBay watchers. What are the odds of eBay closing this auction in the next 3 days?
I'm not sure if eBay wants to expend a lot of effort collecting final value fees from those selling their souls so blatantly. I recall reading about some similar auctions which they pulled in the past. On the other hand, we all know of a PowerSeller or two we may think sold their souls for profit from eBay bidders, yet the venue is still thriving. My guess is they will pull this auction saying that human souls are a prohibited item, and that their terms of service require sellers to be a bit more sophisticated when it comes to cashing in their souls online.
"Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor
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What is now proved was once only imagined. - William Blake
Russ, NCNE
<< <i> I can't auction mine. My ex-wife has it. >>
The Ludlow Brilliant Collection (1938-64)
<< <i>Naahhh, Russ got it wrong. My ex has everything BUT my soul ... >>
Clearly, mine hired a better lawyer.
Russ, NCNE
The Ludlow Brilliant Collection (1938-64)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I wonder about the tax consequences of this sale. Imagine if the seller's parent is the bidder. Could this be a brilliant way around gift limits? >>
I wonder how one would figure the cost basis on a soul?
-YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.
My Ebay!
<< <i>How does this work out? Is this person actually going to have to pay? I don't get why people do this. >>
You should convince your father to allow you to sell yours on Ebay.
Self Indulgence | Holey Coins | Flickr Photostream
I'd argue that one's soul is an asset inherited from its prior host. As an inherited asset, one's cost basis is the value at the time of inheritance. The very fact that the soul is being sold indicates that it has likely depreciated since inheritance. Therefore, no tax is due.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
ahhhh - it all becomes clear.
I'm not sure if eBay wants to expend a lot of effort collecting final value fees from those selling their souls so blatantly. I recall reading about some similar auctions which they pulled in the past. On the other hand, we all know of a PowerSeller or two we may think sold their souls for profit from eBay bidders, yet the venue is still thriving. My guess is they will pull this auction saying that human souls are a prohibited item, and that their terms of service require sellers to be a bit more sophisticated when it comes to cashing in their souls online.
Is he trying to remember past lives and add up all of the lifespans??
<< <i>I can't auction mine. My ex-wife has it.
Russ, NCNE >>
Isn't that the truth!
TPN
TPN - Don't feel bad. The market for souls is notoriously weak from oversupply at the admissions office of any law school.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
NoEbayAuctionsForNow