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#1
05-24-2020, 09:56 PM
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Is
Is it illegal? Must be some rules that you can't ship cards from vault for over a year or something like that.....
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#3
05-24-2020, 10:54 PM
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Quote:
__________________
Items for sale or trade here UPDATED 3-16-18
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#4
05-24-2020, 11:03 PM
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Quote:
There are enough lawyers on this board that hopefully someone knows the answer.
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others.
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#5
05-25-2020, 12:33 AM
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I'm shocked, SHOCKED I tell you, that PWCC would be selling trimmed taxes as a service.
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#6
05-25-2020, 06:22 AM
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I wonder if those states have laws like the federal government where they reward you for snitching on people who evade state sales taxes?
__________________
-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes.
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#7
05-25-2020, 08:10 AM
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While we are waiting for someone with experience to clarify this, I'll offer this as the way I would assume it works. Cards received by the vault are free of sales tax until they are shipped to an address in a state with sales tax -- sales tax on the original purchase is then due. However you can consign the cards to PWCC, have them shipped to an address in another state that doesn't have sales tax, or pick them up at the vault location and sales tax is never due on the original purchase. I doubt PWCC will ever ship the cards to a state that has sales tax without collecting the sales tax. The opportunity to (illegally) evade the sales tax altogether may have something to do with having an (unscrupulous) third party pick the cards up for you and then ship them to you. PWCC and the third party would have to feign ignorance of the result in order for them to avoid culpability in what would then be your crime.
Proper use of the vault would be limited to picking the cards up yourself in Oregon, having them shipped to an address in a state without sales tax and obtaining them in that state, or consigning them to PWCC for resale. If you spend six figures a year on cards (and don't want/can't qualify as a reseller), you could justify an annual trip to Oregon to pick up your cards and fly them home. I think that would be legal. Also, if you are constantly upgrading cards and consigning the discards to PWCC for resale, the vault could make sense.
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#8
05-25-2020, 11:04 AM
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I believe logically (and would assume legally) there would be a finite amount of time after which had passed that the cards could be shipped to you legally without tax being owed.
It may be a gray area, but there are accountants and tax professionals who advise legal ways to avoid or mitigate tax liability. The vault seems to be like it would be a legal way to avoid sales tax. If you owned a home in a high sales tax state and another in a state without tax, would it be illegal to ship it to your second house, then have it shipped from there?
__________________
Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others.
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#9
05-25-2020, 11:34 AM
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Vault
Why Not just pay the sales tax. As a collector I want the cards shipped to my address. I just consider the sales tax as part of the purchase and bid accordingly. No difference when figuring the buyers premium.
You could also have someone that you know from a state that does not collect sales tax purchase the items for you and send it to you. Why left PWCC hold your cards. Just my 2 cents & tax. John P Last edited by JohnP0621; 05-25-2020 at 01:22 PM.
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#10
05-25-2020, 01:05 PM
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Quote:
__________________
craig_w67217@yahoo.com
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#12
05-26-2020, 03:02 PM
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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.
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#13
05-26-2020, 03:09 PM
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