Quote:
Originally Posted by retiredguy123
Yes, last year, when I helped a friend buy an expensive ring, I found out that sending the empty box tactic is used regularly by so called "reputable" jewelers in The Villages. Also, they will give a large discount if you pay cash. So, they are cheating Florida and the IRS. Not much honor.
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No answer is necessary. Not much honor. I hold all to the same code of ethics.
I am not religious but for many Thou shalt not steal means to them don't steal from me
but I will justify stealing from you.
If, you did not do this, you can bet others did. Jewelers well are in a dirty business.
You decide to insure a jewelry item. You get an appraisal for insurance. It is roughly twice what you can buy the item for. The insurance company also knows this.
If, it is lost stolen they pay you half the appraised value and they don't refund the tax you paid. You assuming all is honest get to pay the tax twice. Roughly 14% loss.
Trust? For me it died years ago.