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  #1  
Old 03-10-2022, 02:09 PM
parkplace33 parkplace33 is offline
Drew W@i$e
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Vaults remind me of the batcave
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  #2  
Old 03-10-2022, 02:56 PM
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mrreality68 mrreality68 is offline
Jeffrey Kuhr
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PWCC, Goldin, and now EBay.

The more the merry

I think I am will turn my basement into a vault
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Looking for
1920 Heading Home Ruth Cards
1920s Advertising Card Babe Ruth/Carl Mays All Stars Throwing Pose
1917-20 Felix Mendelssohn Babe Ruth
1921 Frederick Foto Ruth
Rare early Ruth Cards and Postcards
Rare early Joe Jackson Cards and Postcards
1910 Old Mills Joe Jackson
1914 Boston Garter Joe Jackson
1911 Pinkerton Joe Jackson
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  #3  
Old 03-10-2022, 03:15 PM
x2drich2000 x2drich2000 is offline
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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?
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E92 Red Crofts - Anyone especially Barry and Shean
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  #4  
Old 03-10-2022, 04:15 PM
BobC BobC is offline
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Quote:
Originally Posted by x2drich2000 View Post
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.

Last edited by BobC; 03-10-2022 at 06:22 PM.
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  #5  
Old 03-10-2022, 05:12 PM
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icollectDCsports icollectDCsports is offline
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Originally Posted by BobC View Post
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.
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  #6  
Old 03-10-2022, 05:40 PM
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asphaltman asphaltman is offline
Dave Fa*st
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Again....vault. Stupidest idea ever.
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  #7  
Old 03-10-2022, 06:04 PM
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David M.
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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?
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  #8  
Old 03-11-2022, 06:30 AM
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SyrNy1960 SyrNy1960 is offline
Tony Baldwin
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Originally Posted by asphaltman View Post
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.

Last edited by SyrNy1960; 03-11-2022 at 06:47 AM. Reason: edit
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  #9  
Old 03-10-2022, 06:50 PM
BobC BobC is offline
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Quote:
Originally Posted by icollectDCsports View Post
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.
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  #10  
Old 03-10-2022, 07:05 PM
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Eric72 Eric72 is offline
Eric Perry
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Quote:
Originally Posted by BobC View Post

...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.

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  #11  
Old 03-10-2022, 08:59 PM
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icollectDCsports icollectDCsports is offline
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Quote:
Originally Posted by BobC View Post
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.
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  #12  
Old 03-11-2022, 06:27 AM
Gorditadogg Gorditadogg is offline
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Quote:
Originally Posted by mrreality68 View Post
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.

Sent from my SM-G955U using Tapatalk
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