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re: How to make $300k arbitraging credit card points and then pay zero taxes on it
Posted on 5/3/24 at 4:34 pm to slackster
Posted on 5/3/24 at 4:34 pm to slackster
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?
1
Posted on 5/3/24 at 5:35 pm to baldona
quote:
You can't buy a $100 gift card for $100 can you? Isn't there a mark up of some sort?
You may be thinking of the reloadable Visa, etc. cards. Those do have a markup. But for actual gift cards, I’ve not noticed any with fees or markups.
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