Sales and use tax

[444 Magnum]

My state (Georgia) doesn't charge a sales and use tax on labor. For instance, on car repairs you are taxed on the parts and not the labor.

I just got an invoice for an auction item that I bought. I was aware that the state had been taxing the buyers premium for several years--although I feel it should be non-taxable like labor--now they are charging a sales tax on shipping and handling. I confirmed it on the state website.

So, with buyers premium, shipping, taxes, taxes, and some more taxes...my $275.00 non-firearm item is $389.02 delivered.

 

[NYlakesider]

My state (Georgia) doesn't charge a sales and use tax on labor. For instance, on car repairs you are taxed on the parts and not the labor.

I just got an invoice for an auction item that I bought. I was aware that the state had been taxing the buyers premium for several years--although I feel it should be non-taxable like labor--now they are charging a sales tax on shipping and handling. I confirmed it on the state website.

So, with buyers premium, shipping, taxes, taxes, and some more taxes...my $275.00 non-firearm item is $389.02 delivered.

Looks like if you want to play you will pay!-

 

[444 Magnum]

Looks like if you want to play you will pay!-

I'm starting to feel less and less inclined to play.

Ebay is sending out tax statements, gunbroker is charging sales tax...and on and on.

 

[NYlakesider]

I'm starting to feel less and less inclined to play.

Ebay is sending out tax statements, gunbroker is charging sales tax...and on and on.

I really could not hit the like button on your post!

 

[chuckie]

Here in Massachusetts the legislature has a committee whose sole purpose is to investigate new way to tax us.

 

[Protocall_Design]

The one that gets me is intangibles tax. That is a tax on things that don't even have a physical presence.

 

[444 Magnum]

That's $3/1,000 here on all R/E loans with fixed rates. You're taxed for getting the loan, taxed for earning the money to pay it, taxed on the r/e you buy. They even sent me forms to list my tools so they could tax me on those. I threw it away three years in a row and now I only get them occasionally.

 

[SMSgt]

I no longer live in GA because I felt it loved to squeeze a dime out of my nickel too often.

 

[Sevens]

I’d love to join the mob and complain about taxes… but what jumps off the page to me is that you did not break this down and your massive jump in price includes “buyer’s premium.”

These are the words that make me hate the fancy Rock Island Auctions that are often discussed here.

I agree, “hate” is indeed a strong word. And I hate RIA and if it helps to clarify things, I loathe them also.

I realize that you did not say this was a Rock Island Auction, but I like to take advantage of any opportunity to hate on RIA.

 

[444 Magnum]

I realize that you did not say this was a Rock Island Auction, but I like to take advantage of any opportunity to hate on RIA.

Haha. No, it wasn't RIA. I quit buying from them several years ago when they jumped their starting bids up so high. By the time you pay the starting bid and buyers premium, you've reached the low value estimate which is usually around the retail value. It leaves no room for a good deal.

RIA's Kevin Hogan made a statement several years ago that was something to the effect of "We don't follow the gun market, we make the market."

IIRC, that's about the time the minimum bids jumped. It turned me off.

 

[LVSteve]

I'll bid in an auction with an 18% buyers' premium if there's something I really want. Above that, they can kiss my fat patootie.

 

[H Richard]

That's worse than IL, but hide this info, don't give them any idea's. They are looking for 800 Million in new tax revenue.

 

[deadin]

That's $3/1,000 here on all R/E loans with fixed rates. You're taxed for getting the loan, taxed for earning the money to pay it, taxed on the r/e you buy. They even sent me forms to list my tools so they could tax me on those.

You missed one... GB is taxing you for collecting the tax.

 

[Puller]

Here in Massachusetts the legislature has a committee whose sole purpose is to investigate new way to tax us.

I wonder how the founding fathers would view what Massachusetts has come to, it being the hotbed against taxes in the Revolution and all.