That list may look oppressive but in reality most people only pay some of them not all of them. Since I reached social security age I only pay 26 of them and the rest I get off scot free.
<< <i>That list may look oppressive but in reality most people only pay some of them not all of them. Since I reached social security age I only pay 26 of them and the rest I get off scot free. >>
"I hope I die before I get old" NOT! I am going to try to live to be 90!!!!!!
Joe
2013,14 and 15 Certificate Award Winner Harmon Killebrew Master Set and Master Topps Set
"That list may look oppressive but in reality most people only pay some of them not all of them. Since I reached social security age I only pay 26 of them and the rest I get off scot free. "
<< <i>I am confused on this issue and maybe someone can clarify this for me. If I sell a used TV (that already had sales tax paid when I purchased it new), I need to collect sales tax on the TV. And if the person I sell it to eventually sells it, then he/she needs to collect sales tax as well? So, every time this TV sells, sales tax needs to be collected? I thought sales tax from the original new purchase was enough to suffice? >>
I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different.
As to the sales tax issue as it relates to BB card shows, I can find no better explanation than the one given by BBCE above. And as he stated, this is not a new thing.
And it seems a bit whiny and nickel/dime-ish to complain about or expect a card dealer to eat something that by all rights you should pay, and I might add, something you otherwise happily pay without complaint everywhere else you purchase items. Why should a card show be any different?
Fortunately I'm a coin dealer and coins/bullion are still exempt from IL sales tax (for now at least)... -but anything non-coin or bullion is still subject to sales tax, be it in the shop or at a show.
I remember a little sign on ddealer tables back in the late eighties that stated "Tax included in all prices". I'd put a little sign next to that stating " Cash preferred".
The reason for my original post was to understand if there were any exceptions for exhibitors from out-of-state or people who don't do this as a profession.
Sadly, it looks like there really is no alternative other than to comply.
Between this and understanding the exhibition costs I've gained some insight into how prices at the shows "inflated".
<< <i>Another legal way around sales tax is to "ship" the item to the customer..thus qualifying for interstate commerce which currently is exempt in every state. >>
Interstate commerce is not exempt. You're technically required to fill out a sales tax form in your home state for everything you buy for which sales tax was not already paid.
<< <i>I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different. >>
Correct. However, to show people will do anything to make a buck, there are actually traveling "thrift shops" or whatever that go around and set up "yard sales" at someone's house and sell from there. They pay the homeowner a fee and do the yard sale and avoid paying for permits and taxes.
Funny you mention Burgundy. I got some messages after his 73 set debacle that the seller was involved in politics just like Burgundy. If that's the case then they deserved each other on that deal.
<< <i>Another legal way around sales tax is to "ship" the item to the customer..thus qualifying for interstate commerce which currently is exempt in every state. >>
Interstate commerce is not exempt. You're technically required to fill out a sales tax form in your home state for everything you buy for which sales tax was not already paid.
<< <i>I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different. >>
Correct. However, to show people will do anything to make a buck, there are actually traveling "thrift shops" or whatever that go around and set up "yard sales" at someone's house and sell from there. They pay the homeowner a fee and do the yard sale and avoid paying for permits and taxes. >>
Yep. Seen a few like that. Sometimes they will be selling a fair amount of new-in-box Asian made flea market type stuff as well.
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Ralph
<< <i>That list may look oppressive but in reality most people only pay some of them not all of them. Since I reached social security age I only pay 26 of them and the rest I get off scot free. >>
"I hope I die before I get old" NOT! I am going to try to live to be 90!!!!!!
Joe
"
Only 26 of them is great.
eBay Store
Greg Maddux #1 Master SetGreg Maddux #2 Basic Set
<< <i>I am confused on this issue and maybe someone can clarify this for me. If I sell a used TV (that already had sales tax paid when I purchased it new), I need to collect sales tax on the TV. And if the person I sell it to eventually sells it, then he/she needs to collect sales tax as well? So, every time this TV sells, sales tax needs to be collected? I thought sales tax from the original new purchase was enough to suffice? >>
I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different.
As to the sales tax issue as it relates to BB card shows, I can find no better explanation than the one given by BBCE above. And as he stated, this is not a new thing.
And it seems a bit whiny and nickel/dime-ish to complain about or expect a card dealer to eat something that by all rights you should pay, and I might add, something you otherwise happily pay without complaint everywhere else you purchase items. Why should a card show be any different?
Fortunately I'm a coin dealer and coins/bullion are still exempt from IL sales tax (for now at least)...
RIP Mom- 1932-2012
as a profession.
Sadly, it looks like there really is no alternative other than to comply.
Between this and understanding the exhibition costs I've gained some insight into how prices at the shows "inflated".
Dave
<< <i>Another legal way around sales tax is to "ship" the item to the customer..thus qualifying for interstate commerce which currently is exempt in every state. >>
Interstate commerce is not exempt. You're technically required to fill out a sales tax form in your home state for everything you buy for which sales tax was not already paid.
<< <i>I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different. >>
Correct. However, to show people will do anything to make a buck, there are actually traveling "thrift shops" or whatever that go around and set up "yard sales" at someone's house and sell from there. They pay the homeowner a fee and do the yard sale and avoid paying for permits and taxes.
<< <i>
<< <i>Another legal way around sales tax is to "ship" the item to the customer..thus qualifying for interstate commerce which currently is exempt in every state. >>
Interstate commerce is not exempt. You're technically required to fill out a sales tax form in your home state for everything you buy for which sales tax was not already paid.
<< <i>I don't know what state you live in but most states including here in Illinois call that a garage sale type situation... if it's just a one-time sale to another individual then no sales tax... but if you opened up a store selling used TVs, that would be different. >>
Correct. However, to show people will do anything to make a buck, there are actually traveling "thrift shops" or whatever that go around and set up "yard sales" at someone's house and sell from there. They pay the homeowner a fee and do the yard sale and avoid paying for permits and taxes. >>
Yep. Seen a few like that. Sometimes they will be selling a fair amount of new-in-box Asian made flea market type stuff as well.
RIP Mom- 1932-2012