On a 200K card sale, the sales tax savings for a NY buyer is about 18K if the card is instead shipped to a vault in Oregon. Same card sitting in a Citibank safe deposit box in NYC, surrounded by alarms and guards, costs the buyer 18K extra. The main thrust of this visionary program is tax avoidance. Period. Again, I’m niot saying it’s illegal as I’m not a CPA but to suggest that the tax savings on pricey cards is not the main lure of this PWCC vault is disingenuous.
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