eBay vault

[parkplace33]

Vaults remind me of the batcave

[mrreality68]

PWCC, Goldin, and now EBay.

The more the merry

I think I am will turn my basement into a vault

[x2drich2000]

But is the Ebay vault in a tax-free state that will allow buyers to circumvent taxes? And has anyone else ever had the thought of what would happen if one of these vaults, or PSA, or SGC's buildings ever had a fire?

[BobC]

Originally Posted by x2drich2000

But is the Ebay vault in a tax-free state that will allow buyers to circumvent taxes? And has anyone else ever had the thought of what would happen if one of these vaults, or PSA, or SGC's buildings ever had a fire?

Ebay's US headquarters are in San Jose, CA, definitely not a tax friendly state. And San Jose is in Santa Clara County, that has a sales tax rate of 9.875%. Yikes, that's near the top sales tax rate in the country, which may be in Tennessee with an average overall state sales tax rate of almost 10%. California's average rate is 8.618%, but as noted, much higher where Ebay's headquarters are.

So, assuming Ebay wouldn't be dumb enough to put their vault somewhere with an almost 10% sales tax rate, where do you all think they put it?

The five states with no sales taxes are; Alaska, Delaware, Montana, New Hampshire, and Oregon. I don't see Alaska or Montana being in the running, due to their being out of the way and more remote. Not feeling too strongly for New Hampshire either, sort of a gut feeling. If they do open their vault in a non-sales tax state, I think it comes down to Delaware or Oregon, and I'm leaning towards Delaware, if I were a betting man. Curious to hear what others may think. and why.

[icollectDCsports]

Originally Posted by BobC

Ebay's US headquarters are in San Jose, CA, definitely not a tax friendly state. And San Jose is in Santa Clara County, that has a sales tax rate of 9.875%. Yikes, that's near the top sales tax rate in the country, which may be in Tennessee with an average overall state sales tax rate of almost 10%. California's average rate is 8.618%, but as noted, much higher where Ebay's headquarters are.

So, assuming Ebay wouldn't be dumb enough to put their vault somewhere with an almost 10% sales tax rate, where do you all think they put it?

The five states with no sales taxes are; Alaska, Delaware, Montana, New Hampshire, and Oregon. I don't see Alaska or Montans being in the running, due to their being out of the way and more remote. Not feeling too strongly for New Hampshire either, sort of a gut feeling. If they do open their vault in a non-sales tax state, I think it comes down to Delaware or Oregon, and I'm leaning towards Delaware, if I were a betting man. Curious to hear what others may think. and why.

Catching up on the vault issue. Does the location of goods determine which state's sales tax is implicated instead of the location of the parties to the transaction? Thank you.

[asphaltman]

Again....vault. Stupidest idea ever.

[GasHouseGang]

Originally Posted by asphaltman

Again....vault. Stupidest idea ever.

No, no, Dave. You just don't get it. You never have to touch your cards or deal with them in any physical way. It's perfect for the infirmed, homeless, or mentally unstable. Isn't that great?

[SyrNy1960]

Originally Posted by asphaltman

Again....vault. Stupidest idea ever.

I guess it's ok with some, but for me, I want to have my collection with me, so I can enjoy it.

[BobC]

Originally Posted by icollectDCsports

Catching up on the vault issue. Does the location of goods determine which state's sales tax is implicated instead of the location of the parties to the transaction? Thank you.

In the case of an online/internet sale, the sales tax is charged on where the purchased item is being shipped to, which is supposedly where the item is to be used/kept. In other words, where the transfer of ownership normally occurs.

You buy something online from a local card shop one state over, and if applicable, they are supposed to charge you sales tax for the state they sent the card to, because that is supposedly where you actually take possession of your card when you open your mail. But let's say you are on a trip in this other state and you happened to walk into this same LCS and buy this card in person and take it with you. Now the LCS will charge you sales tax based on the state they are located in, because that is where you bought and took actual possession of the card. See the difference?

This doesn't work like this for really big ticket items like cars though. Even if you drive to another state to pay for and pick up a car, the sales tax will be based on where the car ends up being registered at and ultimately kept.

[Eric72]

Originally Posted by BobC

...This doesn't work like this for really big ticket items like cars though. Even if you drive to another state to pay for and pick up a car, the sales tax will be based on where the car ends up being registered at and ultimately kept.

An increasing number of sports cards are more expensive than sports cars.

[icollectDCsports]

Originally Posted by BobC

In the case of an online/internet sale, the sales tax is charged on where the purchased item is being shipped to, which is supposedly where the item is to be used/kept. In other words, where the transfer of ownership normally occurs.

You buy something online from a local card shop one state over, and if applicable, they are supposed to charge you sales tax for the state they sent the card to, because that is supposedly where you actually take possession of your card when you open your mail. But let's say you are on a trip in this other state and you happened to walk into this same LCS and buy this card in person and take it with you. Now the LCS will charge you sales tax based on the state they are located in, because that is where you bought and took actual possession of the card. See the difference?

This doesn't work like this for really big ticket items like cars though. Even if you drive to another state to pay for and pick up a car, the sales tax will be based on where the car ends up being registered at and ultimately kept.

Thanks for this explanation and all of the tax education you provide this forum.

[Gorditadogg]

Originally Posted by mrreality68

PWCC, Goldin, and now EBay.



The more the merry



I think I am will turn my basement into a vault

We're living in a flippers paradise.

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