Why do you have to pay sales tax on comiclink?

[Crackandpresstoan11]

Can someone explain why I have to pay sales tax on Comiclink? Since Clink only profits on the commission fees, shouldn't they only be collecting tax on that, and not the full amount?

[Wally's Comics]

Can someone explain why I have to pay sales tax on Comiclink? Since Clink only profits on the commission fees, shouldn't they only be collecting tax on that, and not the full amount?

Is Josh just sticking the $$$ in his pocket??

 

 

I kind of wondered about that myself...

 

 

[blazingbob]

Boy, you really are cheap!

 

Comiclink and my business for that matter reports and pays sales tax on the full sale of the item with NY unless you have a reseller id. The difference on consignment books is that you don't enter the comic purchase into your books until the item is sold. A sale is a sale and when it's sold in NY the full price is used to calculate the sales tax.

 

 

 

.

[Crackandpresstoan11]

Boy, you really are cheap!

 

Comiclink and my business for that matter reports and pays sales tax on the full sale of the item with NY unless you have a reseller id. The difference on consignment books is that you don't enter the comic purchase into your books until the item is sold. A sale is a sale and when it's sold in NY the full price is used to calculate the sales tax.

 

 

Not cheap, just curious.

 

So what happens if a NY dealer sells a book on Clink? Clink pays the NY tax and the dealer pretends the sale (for sales tax purposes) never happened?

[nearmint]

A NY dealer would have a reseller ID, so it would be handled differently.

[Foolkiller]

This was a question for the Comiczone yesterday!

 

Boy, you really are cheap!

 

Comiclink and my business for that matter reports and pays sales tax on the full sale of the item with NY unless you have a reseller id. The difference on consignment books is that you don't enter the comic purchase into your books until the item is sold. A sale is a sale and when it's sold in NY the full price is used to calculate the sales tax.

 

 

Not cheap, just curious.

 

So what happens if a NY dealer sells a book on Clink? Clink pays the NY tax and the dealer pretends the sale (for sales tax purposes) never happened?

[Crackandpresstoan11]

So what was the answer?

[nearmint]

Read Bob's first response. He and CL only reports the full amount if the seller doesn't have a reseller ID.

[Foolkiller]

I was kidding. I was just suggesting you could call him up. Bob already gave you his answer in the thread, and NM indicated what the answer is on dealer's selling to each other.

 

At any rate, to me the sales tax issue is no big deal, it's just like buying a book from anyone else or any other product.

 

So what was the answer?

[Jeffreykli]

Boy, you really are cheap!

 

Comiclink and my business for that matter reports and pays sales tax on the full sale of the item with NY unless you have a reseller id. The difference on consignment books is that you don't enter the comic purchase into your books until the item is sold. A sale is a sale and when it's sold in NY the full price is used to calculate the sales tax.

 

 

Not cheap, just curious.

 

So what happens if a NY dealer sells a book on Clink? Clink pays the NY tax and the dealer pretends the sale (for sales tax purposes) never happened?

 

I'm not familiar with NY sales tax in particular, but it should work something like this. CL is in NY, and if the buyer is also in NY, then the sale occurred in NY, so sales tax is due. Thus, you have to pay the full NY sales tax. The sales tax is on the full amount of the sale, not just CL's fee or profit. If it were, it would be similar to the Value Added Tax (VAT) in the UK.

 

NY may have a sales tax exemption for out of state sales (CA has one), so if the buyer is outside of NY, no sales tax is due.

 

The consignor is not responsible for the NY sales tax because he is selling the book to CL, who has a NY reseller license. Technically, the consignor has to report that sale for sales tax purposes, but then can back out the sale on the sales tax return.

[Stronguy]

Boy, you really are cheap!

 

So you think that questioning someone collecting taxes when they might not need to is cheap? If Josh is collecting sales tax and not kicking it up to the state then he's a crook. If he's collecting sales tax on things that he's not supposed to then he's not very smart. However, if NY law says he has to do it the way he's doing it (which, being NY, it is very possible) then there's no problem.

 

So Bob, since it's such a cheap thing why don't you just pay the sales taxes instead of passing it on the the buyer? Or is it just being cheap when a buyer brings it up?

[joe_collector]

Are people in California paying sales tax on book bought in a NY-based CL?

[Red Hook]

To my knowledge, Josh only charges sales tax on items sold to NY State customers...like me.

[Crackandpresstoan11]

Nerf does not live in NY. He implied in his post that he paid tax.

[Red Hook]

I'll wait till he actually says he does....I'm not arguing with you...just...he didn't say he did. If he does, then that's another thing.

[nik]

Only bought once and never noticed it. Looks like I will find out real soon after this purchase.

[Crackandpresstoan11]

I'll wait till he actually says he does....I'm not arguing with you...just...he didn't say he did. If he does, then that's another thing.

[FFB]

I've never been charged sales tax on any of my CL purchases.

[Red Hook]

And I've seen auctions on Ebay run by NY State sellers who charge sales tax if the buyer is in NY State. I see that all the time. I see it occassionally for other interstate transactions.

[Comicdey]

What if you don't have a sales tax in your state?