12PM today: Z4 for $5000 at amex.com!
Another chance at 4.
http://www.mylifemycard.com/mywishlist/myw...t.html?entry=ax
I wonder how the taxation on such a purchase works. Is the difference between paid and MSRP considered a "gift" and taxed accordingly?
http://www.mylifemycard.com/mywishlist/myw...t.html?entry=ax
I wonder how the taxation on such a purchase works. Is the difference between paid and MSRP considered a "gift" and taxed accordingly?
Originally Posted by steve c,Dec 13 2004, 10:40 AM
Another chance at 4.
http://www.mylifemycard.com/mywishlist/myw...t.html?entry=ax
I wonder how the taxation on such a purchase works. Is the difference between paid and MSRP considered a "gift" and taxed accordingly?
http://www.mylifemycard.com/mywishlist/myw...t.html?entry=ax
I wonder how the taxation on such a purchase works. Is the difference between paid and MSRP considered a "gift" and taxed accordingly?
the quantity is "extremely" limited...meaning they only have 1 or 2...
Originally Posted by Mindcore,Dec 13 2004, 12:31 PM
I'm betting tax is paid on the full MSRP.. most people that win shit on the price is right can't afford to take it home
and...they sold out within 2 seconds
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"Do I have to pay tax?
Yes. You will be responsible for your state's individual tax rates. The sales tax charged, if applicable, will be on the actual price paid (the WishList price) rather than the recommended retail price. All purchases may be subject to personal income tax (federal, state, and local) based on the discount amount off the fair market value of each of the item(s) purchased. Discount amounts of more than $600 per Cardmember across one or multiple purchases are subject to income tax and you will receive a Form 1099-MISC. American Express, where applicable, will provide funds to Cardmembers to help defray income taxes. You will receive a package in the mail with full details on how to receive those funds."
Yes. You will be responsible for your state's individual tax rates. The sales tax charged, if applicable, will be on the actual price paid (the WishList price) rather than the recommended retail price. All purchases may be subject to personal income tax (federal, state, and local) based on the discount amount off the fair market value of each of the item(s) purchased. Discount amounts of more than $600 per Cardmember across one or multiple purchases are subject to income tax and you will receive a Form 1099-MISC. American Express, where applicable, will provide funds to Cardmembers to help defray income taxes. You will receive a package in the mail with full details on how to receive those funds."
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