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  #1  
Old 12-20-2019, 05:12 PM
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bnorth bnorth is online now
Ben North
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Originally Posted by Republicaninmass View Post
Is there a prize for the most people posting a row on one's ignore list?
Hi Ted.

Now if someone will quote this Ted can see it.
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  #2  
Old 12-20-2019, 05:43 PM
Johnny630 Johnny630 is offline
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Does anyone see a good long term outlook of this?

For me it’s going to take Until most of the money comes out of all this.......

It’s all cyclical..........Here is what I see envisioning happening........

No TPG’s will be held accountable.....their options become less valuable......doesn’t matter my mind is made up, their complicit, extremely inept, and or way worse .......

No Trimmers will do jail time.......no auction houses will do jail time.....
Repeat cycle 10-15 years down the road
You can only polish a turd so long......it’s still and will always be a turd .....very said. Prayers for something positive in 2020 for this crooked industry
Last edited by Johnny630; 12-20-2019 at 05:46 PM.
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  #3  
Old 12-20-2019, 06:51 PM
Fuddjcal Fuddjcal is offline
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Hi Ted.

Now if someone will quote this Ted can see it.
I love Ted, such a kidder. double blocked. Rats
Last edited by Fuddjcal; 12-20-2019 at 06:54 PM.
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  #4  
Old 12-20-2019, 07:42 PM
Republicaninmass Republicaninmass is offline
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Hi Ted.

Now if someone will quote this Ted can see it.
No such luck
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  #5  
Old 12-20-2019, 07:45 PM
111gecko 111gecko is offline
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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.
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  #6  
Old 12-21-2019, 10:16 AM
Johnny630 Johnny630 is offline
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How’s CLCT since joes last conference earnings call?
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  #7  
Old 12-21-2019, 11:41 AM
Fuddjcal Fuddjcal is offline
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Originally Posted by 111gecko View Post
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
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  #8  
Old 12-21-2019, 08:26 PM
steve B steve B is offline
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Originally Posted by Fuddjcal View Post
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?
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  #9  
Old 12-21-2019, 08:32 PM
JackW JackW is offline
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He knows nothing.
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  #10  
Old 12-21-2019, 10:42 PM
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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.
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Last edited by Bigdaddy; 12-21-2019 at 10:43 PM.
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  #11  
Old 12-22-2019, 09:58 AM
Fuddjcal Fuddjcal is offline
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Originally Posted by Bigdaddy View Post
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 ?
Last edited by Fuddjcal; 12-22-2019 at 09:59 AM.
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  #12  
Old 12-22-2019, 10:04 PM
steve B steve B is offline
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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.
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  #13  
Old 12-22-2019, 09:55 AM
Fuddjcal Fuddjcal is offline
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Originally Posted by steve B View Post
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
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  #14  
Old 12-22-2019, 10:19 AM
japhi japhi is offline
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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.
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  #15  
Old 12-22-2019, 10:10 PM
steve B steve B is offline
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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.
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