Discount on Internet order

Doesn't the new law apply to income, not sales tax? Sales tax is levied by states at a rate set by individual states. The "new" law, at least as I understand it, is not a new tax, its a mechanism to better collect taxes on items sold at a profit which produces taxable income. Which has always been taxable, but easy to avoid.

@zigstien  I think you are correct-no profit, no tax.

@audioman58

too many "leeches" want to suck a free buck without enduring anything and growing their sizes and sizes of their children. the word "outside of ebay" comes to mind with each and every pricey transaction. Let's cancel a deal and then let's work with cash on pickup bypassing both taxes AND draconic ebay fees. Every item that says make offer, you can mention price of cash on pickup offering an amount that would seller get after eBay fees and taxes + a-little bit especially I'd say on vehicles besides pricey electronics you'd try to look around within reasonably drivable radius for LOCAL pickups. 

Only cheap SOBs would say no discounts .I was a Audio dealer for a decade 

and Always give at least 15%  or better ,some mfg give 50% to dealers ,on average 40-50% ,that dealer is greedy ,go somewhere else !!

@audioman58

I thought the new tax laws applied if you are re-selling for a profit.

If I buy something and re-sell at a loss or break even then no tax .

Or is this incorrect?

@audioman58

The Beatles Taxman song comes to mind…..

All this creates a toxic climate - who will out rip off who and whose deception will not be uncovered first. Is this a new interpretation of fair play ?

I see. Actually, it looks like the threshold is still $20,000 as of April 1st of this year. That initial change to 600 has been pushed back and back.

A new law went into effect to charge anything sold 3 years ago ebay ,,PayPal even on used items.

They now have  to give you a statement statement to claim on taxes ,which was not before this.

???

A new law went into effect to charge anything sold 3 years ago ebay ,,PayPal even on used items.

They now have  to give you a statement statement to claim on taxes ,which was not before this.

@audioman58. What Biden tax laws? I thought sales are subject to state income tax and that's all.

Dealers get on most products around 50%  markup 

audio cables sometimes more. I don’t pay sales tax on any of my gear 

being an ex dealer thereis ways to work around this say as a open box or demo 

or trade in .these new Biden laws tax everything.

I think it’s a rip off even things even  used PayPal is charging tax. Why would they charge tax on anything even if sold 4 x itis judt a money grab.. 

In this case the MSRP from Whest is roughly $10,000 US. And based on this vendor's quote, his cost is $5,500. I have been led to believe that margins on audio equipment are much lower.

discount can be offered on inflated price. first you multiply it twice and then take 20% off. It will sound a lot cheaper than just offering regular price.

My bad, I confused 2 models. Still a high margin. It's the Whest 60Se Pro. In the US retail is $10,000, offered for $8,500, apparent cost is $5,500. Brand new, in sealed box. But as a result of the new Whest models I ordered a new Whest Titan Pro for $10,500 Cdn, retail was $20,000 Cdn/$15,000 US. That price came down as the new Titan 2 is available.

I'd really be interested in hearing what piece of gear @dwcda is referring to. Has it been discontinued? B stock? Open box? Dealer demo? Curious minds would like to know

+1 @noromance  .

Maybe. Just make sure you're not getting a too good to be true deal that could be a scam.