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The Less Blob

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Everything posted by The Less Blob

  1. I have decided that in order to have some breathing room. In the comic cave I need to loose 5000-7500 comics. Books I had dreams of selling for $2-5 will be much less, but not that much. Much less I might as well donate and get a deduction. I understand moderns are tricky, but I have thousands of beat SA, ok BA and CA I can part with. When putting together 40-60 issue lots do you think it is best to group them by title/character or to have mixed lots to potentially appeal to more people? Same for moderns, but I understand they are more challenging to sell.
  2. wow, a chunk more than 42, which is actually relevant. Filler issues in 9.8 seem to sell for pretty reasonable prices around $50. Those are pretty reasonable prices for 35-40 year old comics. https://www.ebay.com/itm/Star-Wars-91-CGC-9-8-White-Pages/184031298644?hash=item2ad91ec454:g:ffsAAOSwK5VdyLY6
  3. No. There is an exception here for periodicals though. In New York, you don't need to charge sales tax if you sell the back issue for less than cover price: https://www.tax.ny.gov/pdf/advisory_opinions/sales/a10_35s.pdf Good luck getting ebay to figure that out!!! STATE OF NEW YORK COMMISSIONER OF TAXATION AND FINANCE ADVISORY OPINION PETITION NO. S100302B On March 2, 2010, the Department of Taxation and Finance received a Petition for Advisory Opinion from ed. Petitioner asks whether receipts from the sale of graphic novel comic books, trade paperbacks that contain multiple issues of comic books, and single back issues of comics are subject to sales tax. We conclude that back issues of comics published at stated intervals at least four times a year are exempt from sales tax as periodicals if sold at a price not greater than the original retail sales price. Graphic novels and trade paperbacks do not qualify as periodicals; therefore, the receipts from their sale are subject to sales tax as the sale of tangible personal property. Facts Petitioner submitted the following facts as the basis for this Advisory Opinion. Petitioner sells comic books, graphic novels, and trade paperbacks. Most of Petitioner’s comic book sales are of new issues. Back comic book issues account for a small percentage of Petitioner’s sales receipts. Petitioner sells some back issues of comic books at below the initial retail offering price; others are sold at a price above the initial retail offering price. Petitioner sells graphic novels that are in the form of comic books; these publications can be from 40 to 1000 pages in length. Each novel is an original work. Sample titles are “Maus,” “Watchmen,” and Asdterios.” A trade paperback is usually a collection of specific comic books from a series: 4 to 12 issues are contained in a volume. Analysis Section 1115(a)(5) of the Tax Law exempts newspapers and periodicals from sales tax. The term “periodical” is defined in section 528.6 of the sales and use tax regulations. This regulation provides in part: (c) Definition of a periodical. (1) In order to constitute a periodical, a publication must conform generally to the following requirements: (i) it must be published in printed or written form at stated intervals, at least as frequently as four times a year; (ii) it must not, either singly or, when successive issues are put together, constitute a book; TSB-A-10(35)S Sales Tax August 10, 2010 - 2 - (iii) it must be available for circulation to the public; (iv) it must have continuity as to title and general nature of content from issue to issue; and (v) each issue must contain a variety of articles by different authors devoted to literature, the sciences or the arts, news, some special industry, profession, sport or other field of endeavor. A comic book that is published serially under the same title at least once quarterly is exempt as a periodical. 20 NYCRR §528.6(c)(3), Example 1. The regulations also provide that: A publication which was originally a periodical but which is sold at a price which does not reflect its normal retail selling price shall be deemed to be sold as tangible personal property for collection or investment purposes and not as a periodical. 20 NYCRR §528.6(c)(4) The sale of a new issue of a comic book published at stated intervals at least four times a year is exempt from sales tax because the new issues qualify as periodicals. The retail sale of an old issue of a comic book that would qualify as a periodical if sold new still qualifies for the periodical exemption if the old issue is sold at or below its initial retail price. Petitioner’s sales of back issues of comic books that would qualify as a periodical if sold new are subject to sales tax only if the back issue is sold at a price greater than the initial retail price. The retail sale of a graphic novel that is in the form of a comic book is subject to sales tax. The novels are not published at stated intervals; they are books. As such, these publications do not satisfy the criteria to qualify as exempt periodicals. A trade paperback that is a collection of a specific comic book series is subject to sales tax. These paperbacks are not published at stated intervals; they are books. As such, these publications do not satisfy the criteria to qualify as exempt periodicals. DATED: August 10, 2010 /S/ Jonathan Pessen Director of Advisory Opinions Office of Counsel NOTE: An Advisory Opinion is issued at the request of a person or entity. It is limited to the facts set forth therein and is binding on the Department only with respect to the person or entity to whom it is issued and only if the person or entity fully and accurately describes all relevant facts. An Advisory Opinion is based on the law, regulations, and Department policies in effect as of the date the Opinion is issued or for the specific time period at issue in the Opinion.
  4. I have not had much action at all in about 2 weeks now, but my stock is probably a little stale. I think the perpetual ebay bucks is a way to offset the sales tax, but I'm not sure folks see it that way.
  5. It has been the law a long time. But remember, it's not just $30K. It's $30K per infringement. So if you pirate 8 issues it could be $240,000. I've told the story here, but it bears repeating. About 17 years ago I sued someone who had been making bootleg copies of a deceased author's books. The elderly children still owned the rights. We are not talking about many sales, like 300 copies of 15 titles. The pirate's profits were like $1200. The judge was irritated with him (because they obviously lied at trial) and issued a $450,000 judgment. It had gone all the way to trial, so we had racked up over $250,000 in fees, which were also awarded. I won't say what we had been willing to settle for before putting time into it, but it was relatively negligible. Now, I'm not saying pirating a comic to read has the same results. Damages can be as low as $750. But you still have fees. And chances are the comic business is not going to be like the music industry in the early 2000s terrorizing a bunch of teenagers. Anyway, we know what happened during the Napster wars and such. (And to clarify, by "I" I mean my old employer... I sure as heck didn't get the $250,000 in fees. I didn't even get awarded a celebratory diet coke, although I was paid well then, no complaints.)
  6. My wife keeps on asking if Isis is going to be in the next Shazam movie. That's what she remembers from Saturday mornings in the 70s.
  7. "Personally, I think calling it "piracy" provides an entirely undeserved sense of grandeur to petty theft. Unless someone is stealing comics via torrent while on a wooden boat equipped with a minimum of six cannons, its not piracy but petty theft." Theft of intellectual property has been called "piracy" for a long time. Even small time theft. Indeed, a single small time IP theft that causes a $3 injury can result in a $30,000 award plus attorneys' fees.
  8. Spawn 9 getting more than $8-10 is shocking. The book was speculated on like crazy. I see stacks of them at shows for $3.
  9. One of my shops had a ton of those in their 50 cent boxes. I bought a few, but now regret not scooping them all up.
  10. AND I forgot to buy the basket of books I had selected....
  11. Hijacking threads is strictly forbidden. Now where is my secret santa recipient's address so I can mail those dollar store steaks I just bought?
  12. You got lucky. Covers like that usually do better.
  13. Nothing all that exciting. Not shown are a bunch of bolland covers and McFarlane infinity incs. I like the late valiants even if the market is tepid.
  14. I have a stack that look perfect to me. I suspect cgc would decide otherwise. I am beginning to think 9.9s are chosen randomly from 9.8s.. 1:500, 1:1000, depending on the book.
  15. Is digiorno McCain west of the Rockies like hellmans mayo has a different name?
  16. Sorry I have killed the thread. If my wife dies from the steak or the managers special short ribs then we will know the deal was just too good.
  17. Thick cut porterhouse was $9.99. Usually $14.99. I bought a very nice one I will feed to my wife. I don't feel right spending that much on myself.
  18. I have kids. Even the fries went doggie. Those were Thing 1s lunch.
  19. Thing 1 ate the burger when he woke up at noon. I'd rather have the leftover after spending $15 than $30. I bought a super thick porterhouse from the grocery store for $12. I don't need to spend $30 on a 12 oz skirt steak. Anyway, I'm good, making short ribs tonight. Got a few marked "managers special" expiring Tuesday for 1/3 off. Back on keto. Was in cheat mode for a month and felt like krraep.
  20. Got bags and a few more issues of fables for 50 cents to got toward completing the run.
  21. Me not getting a $30 steak probably helped. Mom and dad shared a mixed grill platter and shared with Thing 1 and Thing 2. Thing 2 was very happy with his $12 kid size skirt steak, which Thing 1 thought would be too small. Thing 2 asked why I don't buy skirt steak. I told him it is 15 dollar box comics a pound, so not happening. This was an Argentinean place. It was terrific.