It is not illegal but is immoral? - Page 13

RainCityWoman · ‎06-16-2015

@viva923 wrote:
I may be in the minority here but this is a free country we can purchase what we want, when we want and do whatever we want to do with it. She returns items to the correct store I assume the items that have not been worn or sold and sent back. Sell it, throw it away, give it away. She can do whatever suits her desire.

It may not be the most ethical or best choice but she can do what she wants with any item she purchases.

Yep, it's a free country.My big question is does she pay income tax on the profit she has made on these items? Does she even report that as income? We do have laws in our country regarding that, but maybe they don't apply to rich people who cheat the system.

RainCityWoman · ‎06-16-2015

@ruthbe wrote:
Well I was surprised only one person (that I could see...sorry if I missed anyone)...mentioned the IRS. If she makes a certain amount of money....She has to file with the IRS. Also if the stores get mad enough about the returns....they may stop accepting. I remember the coupon fad. People were going into grocery stores with massive amounts of coupons and getting tons of foods and spending little to no money. Now stores have wised up and no double coupons. Stores are very strict with coupons....they don't want that happening. Wether its right or wrong....I think stores are NOT going to like it. They are eventually going to do something about it. They already have some rules in place about returns. I think those rules will only get more strict. And that it will hurt all of us.

I read your comment after I just posted mine. My question also had to do with taxes and reporting income.

sidsmom · ‎11-25-2011

@RainCityWoman wrote:
@viva923 wrote:
I may be in the minority here but this is a free country we can purchase what we want, when we want and do whatever we want to do with it. She returns items to the correct store I assume the items that have not been worn or sold and sent back. Sell it, throw it away, give it away. She can do whatever suits her desire.

It may not be the most ethical or best choice but she can do what she wants with any item she purchases.
Yep, it's a free country.My big question is does she pay income tax on the profit she has made on these items? Does she even report that as income? We do have laws in our country regarding that, but maybe they don't apply to rich people who cheat the system.

Oh, sweetie.

People of all walks of life 'cheat the system'.

Doesn't matter what their bank acct balance is.

Illegal is illegal.

At the end of the day with the original post scenario

it's really none of our business.

Tinkrbl44 · ‎08-23-2010

@Abrowneyegirl

She has too much time on her hands. I wouldn't call it immoral .... but it seems rather stupid. I also think something else must be going on here. Is her husband tight fisted with the cash?

She seems to be working awfully hard here .... with the profits versus the hours and gas spent, I wonder what her hourly rate turns out to be .... maybe around $20 an hour? Ask her, and see if she has any idea.

ScarletDove · ‎07-11-2010

I do not think one way or the other. Given she never worked, had no children and has money, she has been in the position to shop, buy and know what, when and where the best and most expensive is stocked. What she is doing is just using what she has been doing all her life, except she is buying, then selling. She is just being the middle-man making an extra buck! Given the description of this person's life style , I presume she is used to getting anything she wants!

Abrowneyegirl · ‎03-15-2010

@RainCityWoman wrote:
@ruthbe wrote:
Well I was surprised only one person (that I could see...sorry if I missed anyone)...mentioned the IRS. If she makes a certain amount of money....She has to file with the IRS. Also if the stores get mad enough about the returns....they may stop accepting. I remember the coupon fad. People were going into grocery stores with massive amounts of coupons and getting tons of foods and spending little to no money. Now stores have wised up and no double coupons. Stores are very strict with coupons....they don't want that happening. Wether its right or wrong....I think stores are NOT going to like it. They are eventually going to do something about it. They already have some rules in place about returns. I think those rules will only get more strict. And that it will hurt all of us.
I read your comment after I just posted mine. My question also had to do with taxes and reporting income.

I agree and this is what my DH rolls his eyes at.

Apparently, it is too complicated to single out certain shoppers and restrict them only. It leaves the retailer open to discrimination lawsuits because no one takes responsibility for their own actions. It is so much easier to change the return policies for everyone.

Like Target did for the special collections- I think those items must be returned in 2 weeks.

For the tax question- we did discuss that somewhere......

They have financial folks and accountants, she has been set-up with Quick Books type app on her phone to track things. The whole thing is complicated because she pays taxes when she buys the merchandise, then there is tax when she sells it.

She is good at keeping records- when she flipped the house she had to keep extremely detailed records. Same thing with her volunteer work she donates time, money and materials to charities.

Sunshine Kate · ‎03-10-2010

@CAcableGirl2 wrote:
All those returns will catch up with her and the stores will stop taking her returns.

Stores have changed their return policies a lot in the last few years. People like her come to mind as one of the reasons.

There's probably more people like her that do the same thing.

I can't imagine this being worth it to anyone to make money this way.

Patriot3 · ‎06-07-2010

To each their own. For me.......... my conscience wouldn't let me do that!!

lovescats · ‎03-10-2010

https://tjmaxx.tjx.com/store/jump/topic/find-help/easy-returns/18400006p

Unfortunately, many retailers are subject to fraudulent return activity. Returns may also be limited or declined based upon our refund verification systems, which are used to process and track returns to help administer our loss prevention program. from tjmaxx

Purchases made between October 13,2019 and December 24,2019 may be returned through January 25, 2020.

https://www.consumerworld.org/pages/returns.htm

Jamstan · ‎03-09-2010

I wouldn't do this myself but it is her time and money and how she chooses to use it is her business. Returning items and dealing with that hassle is one of my least favorite tasks so that alone would keep me from doing something like this.

I am not superstitious, but I am a little stitious.