%20 tax dodge, could I get away with this?

Discussion in 'Silver' started by Silva the stacker, Mar 13, 2016.

  1. Silva the stacker

    Silva the stacker New Member

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    I'm a total newbie when it comes to collecting silver, I'm starting a collection for long term, and my plan is to sell things on eBay to try and dodge the %20 tax. I want to sell things for a %30 profit on eBay and buy my silver with the money. To store and save. I.e buy something for 10 sell for 13 (-fees) that will give me 12 to buy silver which has only cost me 10. Would this work?
     
  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    A lot of time and energy spent for penny profits
     
  3. scrooged

    scrooged New Member

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    Yes, providing your sums are correct.

    What could possibly go wrong?.
     
  4. Silva the stacker

    Silva the stacker New Member

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    How about buying something for 1 selling for 20 and buying 1 oz silver coin on eBay with profit, and keeping the silver as an investment. I would only be paying 1 per ounce then.
     
  5. scrooged

    scrooged New Member

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    Nah fck that.
     
  6. Silva the stacker

    Silva the stacker New Member

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    Lol why?????
     
  7. DanielM

    DanielM Active Member Silver Stacker

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    Because that is his only argument
     
  8. ShinyStuff

    ShinyStuff New Member

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    Mate, we dont invest to avoid tax! We invest and work to become independent and to have choices in life.

    Sure, people are not throwing money INTO tax, but you cant live your life by avoiding things. Instead you need to make wise investment choices so that AFTER YOU HAVE PAID YOUR TAX you are still way ahead than if you did nothing like the rest of the people living in your street.

    JMHO

    Shiny
     
  9. Silva the stacker

    Silva the stacker New Member

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    I'm confused so it's not a good idea to do that then?
     
  10. Silva the stacker

    Silva the stacker New Member

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    Ok fare point let me put it a different way. If I buy somthing for 1 and sell it for 20 then buy silver with that 20, would I have to pay tax?
     
  11. DanielM

    DanielM Active Member Silver Stacker

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    Small scale, no tax. Large scale, yes tax
     
  12. scrooged

    scrooged New Member

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    And as per usual King Glum offers nothing.

    Cmon Dan relax, remember the good old days when you were racing around spamming the forums trying to get all those group buys happening?
    You remember, "the more of these 1/10th Scottsdale pieces of crap we all buy, we'll save 1c per coin".

    Cmon Dan, where's that exuberance gone?

    Turn that frown, upside down. :)
     
  13. Silva the stacker

    Silva the stacker New Member

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    Ok thanks at what point would it turn into large scale?
     

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