Outed cards, now including a 130K gain on an Aaron rookie

[111gecko]

I believe the auction house/EBay shilling will be exposed and punished. Also, the IRS will get theirs on the trimming/kick backs etc. The rest...not so much. Just my thoughts.

[Johnny630]

How’s CLCT since joes last conference earnings call?

[Fuddjcal]

Originally Posted by 111gecko

I believe the auction house/EBay shilling will be exposed and punished. Also, the IRS will get theirs on the trimming/kick backs etc. The rest...not so much. Just my thoughts.

To me, the easiest case to make against all these losers is that they avoided their income tax. Sort of an Al Capone job. If they won't be able to get them on anything else, they always have that in their back pocket. Good times

[steve B]

Originally Posted by Fuddjcal

To me, the easiest case to make against all these losers is that they avoided their income tax. Sort of an Al Capone job. If they won't be able to get them on anything else, they always have that in their back pocket. Good times

How do you know they didn't claim the income and pay the taxes?

[JackW]

He knows nothing.

[Bigdaddy]

Originally Posted by steve B

How do you know they didn't claim the income and pay the taxes?

Do most illegitimate businesses pay income taxes on their earnings? Just asking.

[Fuddjcal]

Originally Posted by Bigdaddy

Do most illegitimate businesses pay income taxes on their earnings? Just asking.

I don't know about everyone else, but all my friends and I that own our own business's, pay 100's of thousands a year in taxes. Do you think they are making 10K on a card and paying 20-30% in taxes ?

[steve B]

Originally Posted by Bigdaddy

Do most illegitimate businesses pay income taxes on their earnings? Just asking.

I only know of one. Years ago I read about a different organized crime figure that was brought up on tax evasion, but got off because he had claimed and itemized all his ill gotten gains and paid taxes on them.
No idea what happened after, but I can't imagine it went well for him. But at least he didn't go down over not paying taxes.

It's a hard thing to know, unless someone gets charged and has to prove they paid.

[Fuddjcal]

Originally Posted by steve B

How do you know they didn't claim the income and pay the taxes?

because crooked Fu**s, don't pay their taxes...I guarantee it PERIOD

[japhi]

Originally Posted by steve B

How do you know they didn't claim the income and pay the taxes?

I would bet a lot of money that cap gains taxes were not paid properly or at all on a lot of these sales. Not an expert in cap gains on US collectables but I’d suspect that the IRS would have a heyday with some of these dealers.

[steve B]

Originally Posted by japhi

I would bet a lot of money that cap gains taxes were not paid properly or at all on a lot of these sales. Not an expert in cap gains on US collectables but I’d suspect that the IRS would have a heyday with some of these dealers.

Not being a tax guy, I'm not sure if it would go under capital gains, business profit, or miscellaneous income.

My card sales etc, get claimed as miscellaneous income. They are also pretty small. And since my wife is in the computer industry taxed pretty heavily. (No that that's a bad thing)
Hmmmm….. if I call the odd bits of "Junk" I sell "assets" maybe I can call it capital gains instead and save a few percent.. Nah, best to just pay the higher rate and have no problems.

[Fuddjcal]

https://www.blowoutforums.com/showpo...&postcount=634

Here comes the 71's "I ain't no Shellanbeck girl" .

And this hasn't been discussed but you know all too well it's happening with all the "flips". More flip's than mary lou retton.

A previously trimmed 7.5 that was cracked out yet again to make a nice fake 8 and beat some chump for 400. Another 5 k to add to the running total that will exceed 1 billion once this scam has been tallied. And those will just be the ones we know of. Collect what you love and if you love to get your teeth kicked in, keep supporting the PSA fraud.

[Johnny630]

Does anyone holding a large amount or large value amount of Non Altered Slabbed Cards have an Exit Strategy To Limit their losses/downside potential from the impending collateral damage that in my opinion will be occurring from all
This Mess?

Maybe my theory is way off idk

Thoughts ?