eBay Sale & PWCC Vault

[perezfan]

But what happens if/when PWCC is shut down by the FBI, and Brent/Betsy do jail time? Will people still be able to access “The Vault”? It would be hilarious if all these “assets” were frozen, and unable to be connected to their actual tax-avoiding owners.

Pigs get fat; hogs get slaughtered.

[ruth-gehrig]

Originally Posted by perezfan

But what happens if/when PWCC is shut down by the FBI, and Brent/Betsy do jail time? Will people still be able to access “The Vault”? It would be hilarious if all these “assets” were frozen, and unable to be connected to their actual tax-avoiding owners.

Pigs get fat; hogs get slaughtered.

I asked your exact question to PWCC via email reply to one of their Vault emails and got no response lol

[perezfan]

Brent must be taking "silent lessons" from Orlando/Sloan/PSA these days...

Or maybe from Sgt. Schultz on Hogan's Heroes (I know nothing!)

[jbsports33]

Just a matter of time before most, if not all states have online sales tax, and OR could be one of them. There is nothing wrong with your question - Patrick

Happy collecting!

Jimmy

[sbfinley]

In my opinion, it's perfectly legal up to a certain point.

A) I don't think they're dumb enough to openly advertise it if it weren't. (Feel free to go nuts with that comment.)

B) My understanding is that purchases that are shipped and stored to residences or depositories in certain tax free states can be then forwarded by the owner to a sales tax jurisdiction if it remained in the tax free state for a period of 90 days. There are exceptions, New York for example, where the tax triggers once the item is shipped there no matter the length of time. Another consideration is the "for resale" exemption which I can't speak anything about because I've never been a dealer, but I would assume it could apply in some instances. I don't think the majority of people taking advantage of the service are buying for their collection, instead I would assume they are flipping for profit in which I can't exactly fault them for taking advantage of a service that might save them 6%-9%. Precious metal and art depositories have been in service for decades for the exact advantages PWCC list. It was really just a matter of time before it came to this hobby.


An aside: I've never understood the "I emailed them (insert dumb question or comment you know they would never respond to lolz rofl amirite) and they haven't responded yet yolo..." thing. I see it way too often and every time I cringe. Don't let me stop you, it's just my opinion.