Raped by Heritage

[pokerplyr80]

Originally Posted by barrysloate

The only issue I have is people who do not have to pay sales tax have a nearly one increment advantage over those who do. Since I live in NY, where sales tax is I believe 8.875%, I can't tell you how many lots I lose in Heritage by a single bid. I am the first underbiddder on a regular basis. So if the person who beat me lives in a state with no sales tax, he has a big advantage.

That said, it's the law and it is transparent. It just adds an extra hurdle for me to overcome, and can be frustrating.

Might be time to get a po box in a state with no tax.

[barrysloate]

Originally Posted by pokerplyr80

Might be time to get a po box in a state with no tax.

I have a second home in Florida, and lo and behold, another sales tax state.

[pokerplyr80]

Originally Posted by barrysloate

I have a second home in Florida, and lo and behold, another sales tax state.

I'd rather have no state income tax than no state sales tax.

[barrysloate]

Agreed, but Brooklyn is my primary residence.

[Yoda]

Originally Posted by barrysloate

Agreed, but Brooklyn is my primary residence.

Hey Barry, at least you don't get hit with both NY and FL sales tax on your winning bids----yet.

[barrysloate]

Originally Posted by Yoda

Hey Barry, at least you don't get hit with both NY and FL sales tax on your winning bids----yet.

Hi John,
Well I haven't told then about Florida yet.

[Dewey]

Originally Posted by pokerplyr80

I'd rather have no state income tax than no state sales tax.

I'd rather be able to own a second home.

[sycks22]

Joe's Vintage auctions doesn't charge a BP, they take their money from the consignors based on the closing price.

[bensie]

Originally Posted by pokerplyr80

Might be time to get a po box in a state with no tax.

Or get a resellers license. That's how I get out of paying sales tax. As far as people asking about seller's fees, I've always been able to negotiate negative rates (ie the auction houses pay me a percentage over hammer). However, I typically consign $10k+ at a time.

[bensie]

Oh, and I factor in shipping and premiums on all my bids. I have a spreadsheet that tracks it since each house has different rules.

I've won tons of stuff through heritage. I love those guys, their auctions are always fun. A lot of it runs past my budget pretty quick, but it's still fun to try!

[Fballguy]

Originally Posted by bensie

Or get a resellers license. That's how I get out of paying sales tax. As far as people asking about seller's fees, I've always been able to negotiate negative rates (ie the auction houses pay me a percentage over hammer). However, I typically consign $10k+ at a time.

I'm sure yours is the typical experience.

[bensie]

Originally Posted by Fballguy

I'm sure yours is the typical experience.

Hey man, y'all asked. I'm giving you an actual data point. Take it for what it's worth. I know Sirius publishes negative rates too. Go check their website