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by Akujin
3123 days ago
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> If you go to Newegg and buy stuff, you are obligated under US tax law to pay the capital gains taxes based on the fair market value of the products purchased. If you go to a bitcoin meetup and sell with cash, you are still obligated to pay taxes. I recently bought a GTX 1080 TI with USD Amazon wanted to charge me 7%.
Newegg charged me no state tax. Which do you think I went with? Like our president said. > "I'm smart for not paying taxes." - The president
Source: https://www.cnn.com/2016/09/26/politics/donald-trump-federal... This is also why people shop in Delaware. I wonder how many of those people reported their purchases to Pennsylvania. |
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None of this, whether it's collected or not, eliminates your requirement to pay the sales or excise tax of your home State. In fact, if you go out of your way to order something or perform a transaction in a way that explicitly evades sales tax then you could be in legal trouble with your State's tax agency.
They might not care about a $200 graphics card but they do go after large offenders. Here's an example: http://www.nj.com/mercer/index.ssf/2017/05/broker_from_princ...
> > "I'm smart for not paying taxes." - The president Source: https://www.cnn.com/2016/09/26/politics/donald-trump-federal....
> This is also why people shop in Delaware. I wonder how many of those people reported their purchases to Pennsylvania.
Avoiding paying taxes through legal means is smart. Evading paying taxes is illegal.