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Amazon matched it a few hours ago, but quickly sold out...
I've bought a few from Target, to lower my existing cost basis on that item, but I still have too many purchased for $70 to really compete with that price point.
The fact that 5 hours later they still have it in stock, does not bode well for that set.
I'm sure a few people bought a lot more than I did, kinda scary. :)
Regardless, it was an excellent buy and wish now I would have waited when I picked some up a couple of weeks ago. I guess I will just have to live with my 48% off ;)
answer: It doesn't. Resellers either don't pay sales tax or recoup it.
It may, however, make a difference to "hobbyists".
It is worth pointing out that hobbyists are breaking the law by buying with the intent to resell and not having a sales and use tax ID number.
Paying sales tax when you buy something at retail with the intent to resell it does not relieve you of the obligation to collect sales tax when you resell it.
(Note: this does not apply to casual resale of personal consumption items that you no longer want to keep, this is when buying purely for the intent to resell for a profit)
You may, however, subtract the tax paid when you file your taxes, depending on your state.
Will each state come after most hobbyists? No, not worth the time or trouble. But it is still illegal. If you end up doing enough business to have a 1099K filed on you by PayPal or Amazon, don't be surprised if your state dept of revenue asks why you don't have a sales tax ID.
If you're below that number, then it is highly unlikely to be worth the state's time to enforce the law.
I have my state tax exempt form for in-store purchases, but I don't know if it is possible online...
Also, Amazon is going to start charging sales tax in TN next year. It was a big to-do in TN. Amazon worked out an agreement years ago with the governor at the time. (Different governor now.) If Amazon built a distribution center in TN would they be exempt from collecting sales tax? Amazon in TN meant jobs, so the governor agreed. As was stated, a business with a physical retail presence in a state must collect sales tax, but Amazon got their exception, because they did go ahead and build the distribution center and didn't collect sales tax for years. All of that changed a couple of years ago when local businesses petitioned the state. It was decided that Amazon would be required to collect sales tax. It was ruled that the earlier agreement with the governor wasn't binding. That happened in 2012, I think, but kicks in on 1-1-2014. I see this same thing playing out in other states as Amazon builds more and more distribution centers. (Hey, I typed all of that without any line breaks!)
I confirmed it here...
Amazon and Walmart do the same thing.
Frankly, if you're doing 200 sales a year with a value over $20K, you should be paying taxes. Below that, and like I said, not worth the government's time to care.
Yes, you typed that without line breaks, and it is way too hard to read. Maybe I use more than my fair share, but I also can't read long paragraphs either.
Now get off my lawn! :)
I work in I.T. and we used to prank people's keyboards. For instance, you may find your enter key missing from your keyboard. Or, find that a few keys switched places. That would often drive people crazy. :-)
On the software side you can really be mean. You can have the software application do certain things when certain keys are clicked, or when the cursor is over a certain area. For instance, you can have the application substitute an 'a' or a 's' when typed, etc.
Pretty sure its over the 100k click mark.
Also find it hilarious how the line breaks thing has become a forum "item".
But then I use cheap Dell keyboards, better keyboards would perhaps last longer, these are $10 each, give or take, so they are throw-away items.
Haha sorry, I had too. I won't do it again.