eBay buys Goldin

[Peter_Spaeth]

Originally Posted by Rhotchkiss

The main/primary reason PWCC’s vault works is state sales tax avoidance. Plain and simple. Take the tax savings out of the equation and I doubt vaults gain traction

Avoidance or evasion?

[4815162342]

Originally Posted by Peter_Spaeth

Avoidance or evasion?

The first that I ever heard of this vault tax “avoidance” concept was on the show Billions. The lead character used a vault and eventually an actual apartment to avoid a multi-million dollar use tax bill on some pieces of art. Then I start collecting again, and lo and behold, it’s now big business in the hobby.

[Rhotchkiss]

Originally Posted by Peter_Spaeth

Avoidance or evasion?

Avoidance. There is nothing illegal (evasion) about buying an asset in a sales/use tax free state and leaving it in that state long enough. If you buy a card, have it sent to Oregon to avoid taxes, and remove it to NY a few days, weeks, months later, that is evasion. Sending it to Oregon, to reside permanently until sold, or for a substantial period (usually a year to be "old and cold"), even if done to save taxes, is avoidance and good business/tax planning.

[Snowman]

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

[Lorewalker]

Originally Posted by Snowman

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

And I know my favorite post on this thread will always be "hence I predicted it when seemingly no one else did" from Net54's Miss Cleo.

[Peter_Spaeth]

Originally Posted by Lorewalker

And I know my favorite post on this thread will always be "hence I predicted it when seemingly no one else did" from Net54's Miss Cleo.

I thought Travis just reported a rumor. Not the same as predicting anything.

[Lorewalker]

Originally Posted by Peter_Spaeth

I thought Travis just reported a rumor. Not the same as predicting anything.

Depends which post you are referring to. The one I am referring to and absolutely the best post he has ever made here, was his saying that he knows how eBay operates and where their interests lie, when referring to the rumor.

All I know is that he is an expert in every industry and every field or at least he thinks he is. He knows the law better than certainly any lawyer who posts here. He knew before SA Brosokas knew, that PWCC case would be shelved, he is apparently a prostate cancer specialist, he is an autograph authentication expert with a specialty in Shoeless Joe Jackson autos, he is a world class card grader and card doctor (not his admission but by his not disputing it), he knows more about eBay than the top paid execs and at any time knows the finances and business dealings of PWCC, eBay and Collectors (maybe just the PSA division) and he can profile your personality without knowing you, never having met you and simply seeing images of you on TV.

[cgjackson222]

Originally Posted by Lorewalker

Depends which post you are referring to. The one I am referring to and absolutely the best post he has ever made here, was his saying that he knows how eBay operates and where their interests lie, when referring to the rumor.

All I know is that he is an expert in every industry and every field or at least he thinks he is. He knows the law better than certainly any lawyer who posts here. He knew before SA Brosokas knew, that PWCC case would be shelved, he is apparently a prostate cancer specialist, he is an autograph authentication expert with a specialty in Shoeless Joe Jackson autos, he is a world class card grader and card doctor (not his admission but by his not disputing it), he knows more about eBay than the top paid execs and at any time knows the finances and business dealings of PWCC, eBay and Collectors (maybe just the PSA division) and he can profile your personality without knowing you, never having met you and simply seeing images of you on TV.

I sense a tad bit of envy underneath your sarcasm.

[Snowman]

Originally Posted by Peter_Spaeth

I thought Travis just reported a rumor. Not the same as predicting anything.

The rumor was that PSA and Goldin weren't getting along and that Collectors was looking to offload Goldin. The only thing I predicted was that ebay would be the buyer. I don't know of anyone else that was also predicting it would be ebay, though surely I couldn't have been alone on that prediction. But I was certainly laughed at for voicing it at the time.

[Lorewalker]

Originally Posted by Snowman

The rumor was that PSA and Goldin weren't getting along and that Collectors was looking to offload Goldin. The only thing I predicted was that ebay would be the buyer. I don't know of anyone else that was also predicting it would be ebay, though surely I couldn't have been alone on that prediction. But I was certainly laughed at for voicing it at the time.

Not sure when you got the vision which permitted you to predict such a far fetched thing but I spoke with someone yesterday, who is a pretty big deal in the hobby (who is not a party to the partnership), and they had known about it for several months. Maybe they knew about it from you!

[D. Bergin]

Originally Posted by Snowman

I think my favorite take so far in this thread is the, "aha! See! eBay didn't buy Goldin. Really, it's more like a merger."

:facepalm:

Moi?


Just commenting on the article. Don't think I ever expressed an opinion one way or another on your "scoop".

[Peter_Spaeth]

Originally Posted by Rhotchkiss

Avoidance. There is nothing illegal (evasion) about buying an asset in a sales/use tax free state and leaving it in that state long enough. If you buy a card, have it sent to Oregon to avoid taxes, and remove it to NY a few days, weeks, months later, that is evasion. Sending it to Oregon, to reside permanently until sold, or for a substantial period (usually a year to be "old and cold"), even if done to save taxes, is avoidance and good business/tax planning.

I would bet a lot more people are evading than avoiding.