How to pay $0 Sales Tax and get tax exempt with retailers when you sell on Amazon, ebay, or Mercari

How to pay $0 Sales Tax and get tax exempt with retailers when you sell on Amazon, ebay, or Mercari and you do online arbitrage or retail arbitrage. #greenscreensticker

[IggyAndroid]

What you are saying is absolutely true. When you use that tax exemption the retailer reports all your purchases to the state tax collector and you will be expected to pay the sales tax you collect. So now you have an extra responsibility to keep track of your sales and file on a schedule with the state collector depending on the amount of sales and pay the tax collector. So now you have added a responsibility to keep track of sales tax collected, file a sales report, and pay the state. You're not saving money. If you buy items for personal use you owe the sales tax on what you bought it for. So if you buy $25k in merchandise a month. $2000 a month of those items you used for personal use. At the end of the year that's $24k that you have not paid salestax on. Your going ronhave to reconcile that on your annual report to the state tax collector and pay sales tax on the amount you purchased it for. You can lie. But lying to the tax collector has steep financial civil penalties and can include criminal penalties if your caught. $2000/ month turns into $120k in 5 years. Sometimes it takes that long for it to catch up with you. At %7 sales tax that's $8400 in sales tax you owe plus the intentest which can be more than the amount of tax owed depending on how it's calculated and a penalty. Sometimes it's just best to pay the sales tax sell it and just include the income on your federal taxes. Also if you have an LLC you have to file a seperate federal tax report for your LLC. Is it really worth all that extra work?

[lizjackson]

Big Lots, popshelf, Ollie’s and The Academy also do tax exempt- to add to your list if you didn’t mention them.

[sccur]

This is called tax evasion, and having this video in your watch history will act as proof of intent.