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re: How to make $300k arbitraging credit card points and then pay zero taxes on it

Posted on 4/28/24 at 8:01 am to
Posted by slackster
Houston
Member since Mar 2009
85115 posts
Posted on 4/28/24 at 8:01 am to
quote:

Was the sales tax 0 in that jurisdiction?


You don’t pay sales tax on gift cards or money orders.
Posted by baldona
Florida
Member since Feb 2016
20512 posts
Posted on 5/3/24 at 4:34 pm to
quote:

You don’t pay sales tax on gift cards or money orders.


I don't buy gift cards often so I need to look into this. But I'm fairly certain the last time I bought one there was a fee. Or is there something else I'm forgetting?

You can't buy a $100 gift card for $100 can you? Isn't there a mark up of some sort?
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