Ca$h Converters

[ConwayJim]

Well, I was browsing a local cash converters during my lunch break today; and i notice that they carry a lot of crappy stuff at retail prices.

They had used DVDs for $20, and used CDs for $10, and some stereo equipment that looks like it was all stolen (lots of physical damage on the casings).

Anyway, I was wondering how this store could charge tax on items? I don't really get it, considering they buy this stuff from the public?

I'm sure it's legal whatever they are doing, but i just don't get it myself. Any suggestions?

 

[kranky]

The fact that items are used doesn't mean they are exempt from sales tax. The store is obligated to charge sales tax on the goods sold, and it doesn't matter where/how the store obtained them.

 

[ConwayJim]

I'll think about that the next time i have a garage sale

 

[FoBoT]

it is like mobsters paying taxes

if they don't pay taxes on their illicit income, the Feds put them in jail for tax evasion

so they pay taxes on money they get from criminal activity, i guess

 

[VWhed]

Originally posted by: ConwayJim
I'll think about that the next time i have a garage sale

I almost remember when there was talk of requiring a permit to have a yard/garage sale and charging sales tax....

 

[iamwiz82]

Originally posted by: VWhed

Originally posted by: ConwayJim
I'll think about that the next time i have a garage sale

I almost remember when there was talk of requiring a permit to have a yard/garage sale and charging sales tax....

In my area, a permit is required, but no sales tax.