B2D327 Posted January 6, 2021 Share Posted January 6, 2021 6 hours ago, sfcityduck said: The answer to your question is that: Yes, you owe taxes when you sell a comic book. What kind of taxes and how much varies depending upon the circumstances and profile of the seller. You ever auction off a big book, which is how the vast majority of big books sell, and the auction house will send you a tax document. Most sellers are honest and don't rely on a business plan of committing tax fraud. Those that do, probably aren't the ones who you want to trust in a high stakes transaction. After all, if they don't disclose to the IRS, what are they not disclosing to you? Restoration etc.? Nevada, where the Pawn Stars is located has a sales tax of 4.6% Link to comment Share on other sites More sharing options...
Schmakt Posted January 7, 2021 Share Posted January 7, 2021 9 hours ago, Cozmo-One said: More than just tax fraud, the Bank Secrecy Act makes it illegal to "structure" deposits in order to avoid the $10K reporting mandate. It is used to look for money laundering, terrorist funding, narcotic funding, as well as tax fraud and other items. https://en.wikipedia.org/wiki/Structuring You beat me to it! And here I thought I was *finally* going to have a real-world use for all these stupid training classes they make me take at work every year! Cozmo-One 1 Link to comment Share on other sites More sharing options...
batman_fan Posted January 7, 2021 Share Posted January 7, 2021 11 hours ago, sfcityduck said: The answer to your question is that: Yes, you owe taxes when you sell a comic book. What kind of taxes and how much varies depending upon the circumstances and profile of the seller. You ever auction off a big book, which is how the vast majority of big books sell, and the auction house will send you a tax document. Most sellers are honest and don't rely on a business plan of committing tax fraud. Those that do, probably aren't the ones who you want to trust in a high stakes transaction. After all, if they don't disclose to the IRS, what are they not disclosing to you? Restoration etc.? There goes my start-up idea Larryw7 and AJD 1 1 Link to comment Share on other sites More sharing options...
Larryw7 Posted January 7, 2021 Share Posted January 7, 2021 lizards2, 1950's war comics, AJD and 1 other 4 Link to comment Share on other sites More sharing options...
HotKey Posted January 7, 2021 Share Posted January 7, 2021 13 hours ago, Cozmo-One said: More than just tax fraud, the Bank Secrecy Act makes it illegal to "structure" deposits in order to avoid the $10K reporting mandate. It is used to look for money laundering, terrorist funding, narcotic funding, as well as tax fraud and other items. https://en.wikipedia.org/wiki/Structuring Benfords law is also used to spot laundering and illegal funds. https://en.m.wikipedia.org/wiki/Benford's_law#:~:text=Benford's law%2C also called the,life sets of numerical data.&text=If the digits were distributed,about 11.1% of the time. oatcrunch 1 Link to comment Share on other sites More sharing options...
HotKey Posted January 7, 2021 Share Posted January 7, 2021 On 1/5/2021 at 7:00 PM, snitzer said: JIM 83 / 8.5 / Bought for $40k How does she not counter with 45k?? Noobs. Link to comment Share on other sites More sharing options...
littledoom Posted January 7, 2021 Share Posted January 7, 2021 1 hour ago, Sferg said: How does she not counter with 45k?? Noobs. deal making is an acquired skill Link to comment Share on other sites More sharing options...
Timely Posted January 7, 2021 Share Posted January 7, 2021 An 8.0 copy just sold for $28k. The 60k estimate for an 8.5 seems a bit aggressive to me! snitzer and littledoom 2 Link to comment Share on other sites More sharing options...
littledoom Posted January 7, 2021 Share Posted January 7, 2021 1 hour ago, Timely said: An 8.0 copy just sold for $28k. The 60k estimate for an 8.5 seems a bit aggressive to me! Torpedo’s typical high retail pricing Link to comment Share on other sites More sharing options...
littledoom Posted May 11, 2021 Share Posted May 11, 2021 There ya go: ThothAmon 1 Link to comment Share on other sites More sharing options...
littledoom Posted May 18, 2021 Share Posted May 18, 2021 Lots of cool stuff throughout.. not just lousy comics Link to comment Share on other sites More sharing options...
Domo Arigato Posted May 19, 2021 Share Posted May 19, 2021 (edited) On 1/7/2021 at 7:53 AM, Timely said: An 8.0 copy just sold for $28k. The 60k estimate for an 8.5 seems a bit aggressive to me! Now we fast forward a few months into the current Bizarro market... Edited May 19, 2021 by Domo Arigato littledoom and greggy 1 1 Link to comment Share on other sites More sharing options...
MattTheDuck Posted May 19, 2021 Share Posted May 19, 2021 (edited) It seems like standing outside the Pawn Stars shop with a "I pay more for comics than Rick!" sign could be a winning strategery. Edited May 19, 2021 by MattTheDuck littledoom, HotKey and Larryw7 3 Link to comment Share on other sites More sharing options...
littledoom Posted May 22, 2021 Share Posted May 22, 2021 silver age Batgirl original art ADAMANTIUM 1 Link to comment Share on other sites More sharing options...
ADAMANTIUM Posted May 22, 2021 Share Posted May 22, 2021 6 minutes ago, littledoom said: silver age Batgirl original art He's Hooked! Link to comment Share on other sites More sharing options...
Popular Post ThothAmon Posted May 22, 2021 Popular Post Share Posted May 22, 2021 Ruben Blades is my idol. Love to talk comics with him down in the Village. I’ll buy. Larryw7, B2D327, Namtak and 2 others 5 Link to comment Share on other sites More sharing options...
Aman619 Posted May 22, 2021 Share Posted May 22, 2021 On 1/7/2021 at 2:39 AM, HotKey said: Benfords law is also used to spot laundering and illegal funds. https://en.m.wikipedia.org/wiki/Benford's_law#:~:text=Benford's law%2C also called the,life sets of numerical data.&text=If the digits were distributed,about 11.1% of the time. Never heard of this... wonder if they ever used it on Madoffs clients statements... a series of Madeup numbers! HotKey 1 Link to comment Share on other sites More sharing options...
JazzMan Posted May 22, 2021 Share Posted May 22, 2021 1 hour ago, littledoom said: silver age Batgirl original art Written by Frank Robbins. piper and Larryw7 1 1 Link to comment Share on other sites More sharing options...
littledoom Posted June 21, 2021 Share Posted June 21, 2021 Great another comic I don't own! STORMSHADOW_80, Namtak and Artifiction 3 Link to comment Share on other sites More sharing options...
ADAMANTIUM Posted June 21, 2021 Share Posted June 21, 2021 28 minutes ago, littledoom said: Great another comic I don't own! They looks a bit run down, hope that they're doing ok, don't have cable so don't know if it is currently running, yet she was asking full price? perhaps she just needed an appraisal still a great looking book Link to comment Share on other sites More sharing options...
