I felt a big guilty for buying 9 Mace Windu's, but alas, you put me to shame! :)-Dan
So were these marked as clearance or did everyone have to scan them?I was in Wal-Mart yesterday and they didn't have any toys in the clearance aisles. I checked the Lego aisle but didn't notice any clearance stickers. I scanned the polybags and a POTC set which both rang at full price, so I figured there was nothing to do. May have to go check a different one today.
Also, I assume you and others hace a tax exempt card for your purchases... any issues using that? My cashier at the first store said she couldn't take it for clearance... until I asked for a manager...Brent
@thecleator and @LegoFanTexas -Correct, you must typically have a business registered with your state, a TIN (or your SSN, if a sole proprietorship), and your state's tax exempt form filled out to get this card from Walmart.One little update to what LFT said... if you are selling online to out-of-state buyers, you (like Amazon.com) personally have no obligation to collect the sales tax of that state, unless you have physical operations (warrhouse, call center, etc.) in that state.If you sell to someone from your own state, you must collect tax from your buyer and remit thay to the state. Bottom line: if you sell online to primarily out-of-state buyers, it *may* be worth looking in to getting a tax exempt card.If your sales are local, pay the tax to Walmart and then you don't have to collect that tax from your customers. It's much easier that way.NOTE - we are only talking about sales tax. If your business is more than a casual hobby, you still have to claim any profits as income and pay the applicable income tax to the feds and state.Brent
@pcirone Wow - nice! Would love to see the total haul in a photo!
@pcirone, what a haul I must say. Do you also sell or just collect away and add it to your own collection :P
Sales tax is way more complicated than this and I am no CPA but I can tell you that if you think you don't need to collect sales tax on items that you sell simply because you already paid a sales tax on it than that is absolutely wrong. You may be entitled to a CREDIT from the IRS for the sales tax you paid on an item that you later resell, but you ALWAYS have to collect sales tax on any items you sell (that are taxable items).As an example, if you buy a widget for $10 and the tax is 10% and you pay a total of $11 at retail for the item but then sell it on ebay for $20, you can be sure at the very least that there is $10 worth of goods there that was never taxed.It is also incorrect that you don't need to collect tax from sales outside of your own state, at least as a general rule. New York for example has taken the position that mere web linking is enough to create a "Nexus" and thus all sales from out of state vendors are subject to NY sales tax. There is also a "use" tax that is supposed to be collected in lieu of "sales" tax but again I am no expert so I digress.It would be great if someone who really knows the laws well could speak up as I wish I felt I had a firm grip on exactly what they are.
Not sure why people buy so many sets....Im guessing for re-selling?
Also: is anyone smelling a new reality TV show about LEGO Hoarders? It would be super easy to cast it via this forum!
@pcirone 4 Mill Village Raids - nice! No Alien Conquest HQs?
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