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Forums10
Topics38,444
Posts544,814
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Mar 29th, 2024
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Joined: Jul 2011
Posts: 152
Sidelock
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OP
Sidelock
Joined: Jul 2011
Posts: 152 |
I received an email from Rock Island that they will be charging tax based on the zip code the gun is to be mailed to. Did I read that right! My sales tax rate is 7.25% so add that to the 15% buyers fee and suddenly you pay 22.5%. Somebody is getting screwed and it isn't Rock Island or the county that receives the tax. Took effect Oct.1 2019.
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Joined: Feb 2006
Posts: 3,725 Likes: 49
Sidelock
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Sidelock
Joined: Feb 2006
Posts: 3,725 Likes: 49 |
I guess quite a few states were annoyed that they weren't getting enough money from other sales so now they are going after most things sold on the Internet. Amazon, eBay and others are charging sales tax at least in my state and I'm sure others.
David
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Joined: Jan 2004
Posts: 6,703 Likes: 406
Sidelock
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Sidelock
Joined: Jan 2004
Posts: 6,703 Likes: 406 |
This is not news.
Most states are collecting taxes on internet sales because they have lost that business from their over the counter markets. Nothing new there.
_________ BrentD, (Professor - just for Stan) ![[Linked Image from i.imgur.com]](https://i.imgur.com/qclHjMQ.jpg)
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Joined: Jul 2011
Posts: 152
Sidelock
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OP
Sidelock
Joined: Jul 2011
Posts: 152 |
It's new to me with gun auctions. I bought and sold through both Rock Island and James Julia and never paid sales tax. IF I ever bid on an auction rifle again, I have to factor in the sales tax along with the buyers premium, so obviously will bid less based on the value of the rifle to me than I would have. Morphy's buyers fee is 20% so there I would be paying a total of 27.25%! The seller is taking it on the chin as he also will be paying a sellers fee!
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Joined: Jan 2004
Posts: 6,703 Likes: 406
Sidelock
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Sidelock
Joined: Jan 2004
Posts: 6,703 Likes: 406 |
I'll bid at RIA or wherever. I always add in the fees, the shipping, and the tax. My bid is my bid. Doesn't change, just means the auction house gets less. It will hurt them a lot more than it will hurt me.
_________ BrentD, (Professor - just for Stan)
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Joined: Dec 2001
Posts: 1,754 Likes: 29
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 1,754 Likes: 29 |
Thats the States "vig" for allowing you to spend your money!!!!
auction house gets the same no matter what, they dont pay the tax, the buyer does.
Brian
LTC, USA Ret.
NRA Patron Member
AHFGCA Life Member
USPSA Life Member
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Joined: Jan 2004
Posts: 6,703 Likes: 406
Sidelock
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Sidelock
Joined: Jan 2004
Posts: 6,703 Likes: 406 |
Not if I lower my actual bid to reflect the taxes.
I guess most people don't think about taxes. They just complain about them.
I figure what a gun will cost me and what I'm willing to pay for it. I won't decide to pay $2k for a gun and then go and pay $2145 for it. So, the only one who "pays" is the auction house.
Last edited by BrentD; 12/23/19 08:52 PM.
_________ BrentD, (Professor - just for Stan)
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Joined: Jan 2002
Posts: 9,739 Likes: 742
Sidelock
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Sidelock
Joined: Jan 2002
Posts: 9,739 Likes: 742 |
You will be at a disadvantage to anyone who is bidding from a state with no sales tax. Their money will go further at the same auction then your money does.
You will win fewer auctions.
If you are OK with that, fine. But, it is a great illustration of why taxes are regressive, and hamper the people that pay them.
Best,
Ted
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Joined: Jan 2004
Posts: 6,703 Likes: 406
Sidelock
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Sidelock
Joined: Jan 2004
Posts: 6,703 Likes: 406 |
Such is life. I'll get over it.
_________ BrentD, (Professor - just for Stan)
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Joined: Dec 2001
Posts: 2,961 Likes: 9
Sidelock
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Sidelock
Joined: Dec 2001
Posts: 2,961 Likes: 9 |
Did you hear about the fellow that found he needed a brain transplant to stay alive? The Dr. told him he had two options 1. he could have a Republican brain for $250 or 2. he could have a democrat brain for $5000. When the guy ask about the price difference he was told the $5000 brains were never used.
Use yours to find out who raises taxes
bill
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