PWCC vault?

[pokerplyr80]

Originally Posted by Peter_Spaeth

It might depend on the use tax laws and regulations of each state, although I'm not sure a temporal gap really matters if the owner continuously retained ownership even if the "asset" was physically elsewhere.

If I buy a car in Oregon, register it there, and leave it there for 6 months I can then drive it to CA legally and not pay sales tax. Not sure about cards though.

[AGuinness]

Originally Posted by pokerplyr80

If I buy a car in Oregon, register it there, and leave it there for 6 months I can then drive it to CA legally and not pay sales tax. Not sure about cards though.

That might work for some nice Trucks (Virgil Trucks, that is)...


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[Peter_Spaeth]

Originally Posted by pokerplyr80

If I buy a car in Oregon, register it there, and leave it there for 6 months I can then drive it to CA legally and not pay sales tax. Not sure about cards though.

Are you sure you wouldn't then owe use tax to CA?

[frankbmd]

382 years ago I invested in tulips, but lost my shirt when they couldn’t be stored and then restored. Everyone knew they were altered.

My question then is:

Will the PWCC Vault be able to store my tulip bulbs as well as my other assets?

According to the tenets and definitions, I would think so.

What goes around comes around, eh?

[Peter_Spaeth]

Originally Posted by frankbmd

382 years ago I invested in tulips, but lost my shirt when they couldn’t be stored and then restored. Everyone knew they were altered.

My question then is:

Will the PWCC Vault be able to store my tulip bulbs as well as my other assets?

According to the tenets and definitions, I would think so.

What goes around comes around, eh?

Whatever you're drinking this early, I would like some.

[pokerplyr80]

Originally Posted by Peter_Spaeth

Are you sure you wouldn't then owe use tax to CA?

Not from personal experience but people with addresses in both states do this all the time. You can even buy a car in ca and transport it out of state to avoid the sales tax. But if they catch you driving it in CA during the next 6 months you can be charged back for the tax.

[chalupacollects]

Originally Posted by pokerplyr80

Not from personal experience but people with addresses in both states do this all the time. You can even buy a car in ca and transport it out of state to avoid the sales tax. But if they catch you driving it in CA during the next 6 months you can be charged back for the tax.

Might want to ask Derek Jeter about the long term effect when the state of NY came after him for income taxes when he was saying he lived in Florida... didn't go so well for him...