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dimefreak

Member: Seasoned Veteran
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Posts posted by dimefreak

  1. Bluesheet can be used to intimidate the unwary but it is indicative of sight unseen as is explained in every issue as well as last trades and certain types of markets. Have I ever bought using Bluesheet to intimidate a seller? Absolutely not! Have I been intimidated into selling at BS levels? Yes!

     

    On the tax issue a tax lawyer from PA had this to say on the swap issue:

     

    "The rules for sales tax vary by state, but the "swap" would definitely be considered a sale subject to sales tax in Pennsylvania regardless of whether the consideration was cash, check, credit, or a numismatic coin.

     

    "61 Pa.Code § 33.1 includes the following definition:

     

    "Purchase price—The total value of anything paid or delivered or promised to be paid or delivered, whether it be money or otherwise, in consideration of a sale at retail or purchase at retail not including a rental or license to use."

     

    Sorry I thought you were a dealer buying from a dealer. My bad.

     

     

  2. Maine does not have a tax on collectibles based on dealers I have transacted with in that state. Cash only = unaccountable to government agencies. This should bother everyone who believes in transparency and accountability to one another and to government. If people are running from government then they need to live in the cash economy, but doing so creates many psychological burdens and limits their ability to do significant transactions. Since this is an NGC site, I would think that they will respect privacy up to a point, but if they see a pattern of questionable conduct, doctoring, money laundering, evasion, etc., they may be required to report it to the relevant agency. As a member of NACA and other numismatic organizations, I am required to report unethical conduct to those who are tasked with that duty.

     

    That would be like me saying you are unethical because you referring to a blue sheet in one of your other threads. I prefer cash because I have no clue what I am suppose to and not suppose to claim on my tax forms. It doesnt mean I am evading and it certainly doesnt stop a person from doing significant transactions.