BladeTX Posted July 22, 2020 Share Posted July 22, 2020 I was looking for the Superman Blue .5 replaced cover and found this post. Do people really spend $139K on eBay now with the taxes? I am in an 8.5% local tax jurisdiction so this would be an $11,800 tax bill. I do understand that auctions usually have commissions. But has there been a shift since eBay started collecting taxes moving buyers away from high ticket items like this? https://www.ebay.com/itm/SUPERMAN-1-2-3-4-5-CGC-6-0-THE-HOLY-GRAIL-OF-ALL-COMICS-PAST-PRESENT-1939/221258800008?hash=item33840d5b88:g:VL8AAOxyGstR8F-B Link to comment Share on other sites More sharing options...
Popular Post theCapraAegagrus Posted July 22, 2020 Popular Post Share Posted July 22, 2020 That listing has been available for 3(+) years. silversurfer275, comicginger1789, badback83 and 2 others 5 Link to comment Share on other sites More sharing options...
blazingbob Posted July 22, 2020 Share Posted July 22, 2020 48 minutes ago, BladeTX said: I was looking for the Superman Blue .5 replaced cover and found this post. Do people really spend $139K on eBay now with the taxes? I am in an 8.5% local tax jurisdiction so this would be an $11,800 tax bill. I do understand that auctions usually have commissions. But has there been a shift since eBay started collecting taxes moving buyers away from high ticket items like this? https://www.ebay.com/itm/SUPERMAN-1-2-3-4-5-CGC-6-0-THE-HOLY-GRAIL-OF-ALL-COMICS-PAST-PRESENT-1939/221258800008?hash=item33840d5b88:g:VL8AAOxyGstR8F-B If the seller doesn't have a website and there are currently no conventions Ebay is sometimes the "platform" of last resort Gotham Kid, Larryw7 and silverseeker 3 Link to comment Share on other sites More sharing options...
Randall Dowling Posted July 22, 2020 Share Posted July 22, 2020 Paying taxes may hurt when making an expensive purchase, but I've always looked at it as my civic duty. I guess I just factor it in as part of the purchase. BladeTX and NP_Gresham 2 Link to comment Share on other sites More sharing options...
DavidTheDavid Posted July 22, 2020 Share Posted July 22, 2020 8 minutes ago, Randall Dowling said: Paying taxes may hurt when making an expensive purchase, but I've always looked at it as my civic duty. I guess I just factor it in as part of the purchase. Ya, and if you don't like the bill, don't buy the book. NP_Gresham, Randall Dowling and Chaz G. 3 Link to comment Share on other sites More sharing options...
Hollywood1892 Posted July 22, 2020 Share Posted July 22, 2020 1 hour ago, BladeTX said: I was looking for the Superman Blue .5 replaced cover and found this post. Do people really spend $139K on eBay now with the taxes? I am in an 8.5% local tax jurisdiction so this would be an $11,800 tax bill. I do understand that auctions usually have commissions. But has there been a shift since eBay started collecting taxes moving buyers away from high ticket items like this? https://www.ebay.com/itm/SUPERMAN-1-2-3-4-5-CGC-6-0-THE-HOLY-GRAIL-OF-ALL-COMICS-PAST-PRESENT-1939/221258800008?hash=item33840d5b88:g:VL8AAOxyGstR8F-B Yikes I would definetly be trying to circumvent EBay's policies on that one. Or at least firing a 40k lowball. Link to comment Share on other sites More sharing options...
david20009 Posted July 22, 2020 Share Posted July 22, 2020 If you bought it from any of the big auction companies wouldn’t you be hit with the same taxes you need to pay on eBay? Link to comment Share on other sites More sharing options...
onlyweaknesskryptonite Posted July 22, 2020 Share Posted July 22, 2020 (edited) Yes it has been done and then some. One copy of Action Comics #1 CGC 9.0 with White Pages sold for $3.2 Million Dollars on Ebay As for the color copy cover Superman #1 Ebay item #154014910529 or here is the link https://www.ebay.com/itm/154014910529 Edited July 22, 2020 by onlyweaknesskryptonite Hollywood1892 1 Link to comment Share on other sites More sharing options...
oldbsturgeon Posted July 22, 2020 Share Posted July 22, 2020 well the big one that sold several years ago was actually cheaper for everyone as the cut was much smaller as there is a cap on seller fees and of course no buyer premium. While not thought of as the premier site for the big auctions, it was a smart move to go there I think. Link to comment Share on other sites More sharing options...
littledoom Posted July 22, 2020 Share Posted July 22, 2020 9.5% sales tax for me.. I have unfortunately given feebay hundred$ since Oct 2019 since the taxes were implemented... I once spent $700 on a comic and it added close to another $100... I'm definitely losing auctions being outbid by other buyers who can afford to bid an extra dollar or more because they don't have to pay taxes like New York Link to comment Share on other sites More sharing options...
BladeTX Posted July 22, 2020 Author Share Posted July 22, 2020 3 hours ago, Randall Dowling said: Paying taxes may hurt when making an expensive purchase, but I've always looked at it as my civic duty. I guess I just factor it in as part of the purchase. I respect that but I am VERY glad I built our my Walking Dead #1-48 2xSS collection before eBay was hitting me up for an extra 8.5%. Link to comment Share on other sites More sharing options...
NP_Gresham Posted July 22, 2020 Share Posted July 22, 2020 (edited) I look at it like shipping or the VIG on heritage. Simple formula. My top price - shipping fees, taxes,and Buyer premium = my bid Edited July 22, 2020 by NP_Gresham littledoom and Randall Dowling 2 Link to comment Share on other sites More sharing options...
Math Teacher Posted July 22, 2020 Share Posted July 22, 2020 2 hours ago, littledoom said: 9.5% sales tax for me.. I have unfortunately given feebay hundred$ since Oct 2019 since the taxes were implemented... I once spent $700 on a comic and it added close to another $100... I'm definitely losing auctions being outbid by other buyers who can afford to bid an extra dollar or more because they don't have to pay taxes like New York I mentioned this in another thread. Alaska, Delaware, Montana, New Hampshire, and Oregon have no state sales tax. So, based on the example shown by the OP, if someone in Oregon wanted this set, it would cost them $139,000 plus shipping. However, if @littledoom wanted to purchase the same set of books, it would cost him $152,205 plus shipping. I would say that gives the buyer in Oregon a tremendous advantage. I'm not a fan of having to pay these taxes, but that's what has to be done to have a civilized society. My solution would be to establish a uniform "Internet Tax" that EVERYONE pays, regardless of your state sales tax. If you want to set it at 5%, I can live with that. All I'm asking is for the playing field to be leveled. NP_Gresham, Deadpoolica and littledoom 3 Link to comment Share on other sites More sharing options...
littledoom Posted July 22, 2020 Share Posted July 22, 2020 3 minutes ago, Joe Ankenbauer said: I mentioned this in another thread. Alaska, Delaware, Montana, New Hampshire, and Oregon have no state sales tax. So, based on the example shown by the OP, if someone in Oregon wanted this set, it would cost them $139,000 plus shipping. However, if @littledoom wanted to purchase the same set of books, it would cost him $152,205 plus shipping. I would say that gives the buyer in Oregon a tremendous advantage. I'm not a fan of having to pay these taxes, but that's what has to be done to have a civilized society. My solution would be to establish a uniform "Internet Tax" that EVERYONE pays, regardless of your state sales tax. If you want to set it at 5%, I can live with that. All I'm asking is for the playing field to be leveled. I considered sending my orders to my cousins in Nevada or Texas (who left CA because it's too expensive to live here).. the tax is like 1-2% lower but it's easier to just pay more to get the packages quickly and directly to my safe hands Link to comment Share on other sites More sharing options...
LordRahl Posted July 22, 2020 Share Posted July 22, 2020 2 hours ago, Joe Ankenbauer said: I mentioned this in another thread. Alaska, Delaware, Montana, New Hampshire, and Oregon have no state sales tax. So, based on the example shown by the OP, if someone in Oregon wanted this set, it would cost them $139,000 plus shipping. However, if @littledoom wanted to purchase the same set of books, it would cost him $152,205 plus shipping. I would say that gives the buyer in Oregon a tremendous advantage. I'm not a fan of having to pay these taxes, but that's what has to be done to have a civilized society. My solution would be to establish a uniform "Internet Tax" that EVERYONE pays, regardless of your state sales tax. If you want to set it at 5%, I can live with that. All I'm asking is for the playing field to be leveled. You are correct that the buyer in OR would have a major advantage however I'm not sure how big of a difference it makes in the grand scheme of things. The population of all of those states combined is less than the population of just NYC. Link to comment Share on other sites More sharing options...
DJones Posted July 23, 2020 Share Posted July 23, 2020 10 hours ago, BladeTX said: I was looking for the Superman Blue .5 replaced cover and found this post. Do people really spend $139K on eBay now with the taxes? I am in an 8.5% local tax jurisdiction so this would be an $11,800 tax bill. I do understand that auctions usually have commissions. But has there been a shift since eBay started collecting taxes moving buyers away from high ticket items like this? https://www.ebay.com/itm/SUPERMAN-1-2-3-4-5-CGC-6-0-THE-HOLY-GRAIL-OF-ALL-COMICS-PAST-PRESENT-1939/221258800008?hash=item33840d5b88:g:VL8AAOxyGstR8F-B Some people can make purchases like that and not think twice about it... Link to comment Share on other sites More sharing options...
BladeTX Posted July 23, 2020 Author Share Posted July 23, 2020 1 hour ago, DJones said: Some people can make purchases like that and not think twice about it... Yeah well.... not this guy Link to comment Share on other sites More sharing options...
