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<p>[QUOTE="omahaorange, post: 1730298, member: 28199"]I'm kinda looking at this from a different perspective. I thinking this law is designed more to protect the business. The line ...We have lost 100% of the money paid for the purchase of the confiscated goods.. says it all. While you may have a slim chance of recovering your money when the hypothetical thief is caught, you have absolutely no chance if this "seller" is never identified. As read the ordinance, the shop is not required to <b>report</b> the sales, but simply keep a record of the identity of the seller. Personally, I don't have a problem showing ID before selling like this (although I think the thumbprint is a bit over the top). And the cash limit is probably more of a tax thing, but it doesn't say you can't buy, it says you can't pay cash over the limit. This is probably more of an IRS thing. So the check leaves a paper trail. So you get hit with a capital gains tax. Part of playing the game, whether you agree with the taxes or not. My question to this store owner is... How does the cost of compliance compare to the cost of the confiscated goods?</p><p><br /></p><p>I agree, the law isn't ruining the business, the refusal to comply is.</p><p><br /></p><p>Unless you have something to hide (or wish to skip out on the taxes), there is no reason, as a seller, you can't comply with the law.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1730298, member: 28199"]I'm kinda looking at this from a different perspective. I thinking this law is designed more to protect the business. The line ...We have lost 100% of the money paid for the purchase of the confiscated goods.. says it all. While you may have a slim chance of recovering your money when the hypothetical thief is caught, you have absolutely no chance if this "seller" is never identified. As read the ordinance, the shop is not required to [B]report[/B] the sales, but simply keep a record of the identity of the seller. Personally, I don't have a problem showing ID before selling like this (although I think the thumbprint is a bit over the top). And the cash limit is probably more of a tax thing, but it doesn't say you can't buy, it says you can't pay cash over the limit. This is probably more of an IRS thing. So the check leaves a paper trail. So you get hit with a capital gains tax. Part of playing the game, whether you agree with the taxes or not. My question to this store owner is... How does the cost of compliance compare to the cost of the confiscated goods? I agree, the law isn't ruining the business, the refusal to comply is. Unless you have something to hide (or wish to skip out on the taxes), there is no reason, as a seller, you can't comply with the law.[/QUOTE]
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