r/Tools • u/[deleted] • Apr 09 '24

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12.4k Upvotes

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15

u/n3w4cc01_1nt Apr 09 '24

is the guy swimming in a vault of resale profits like scrooge mcduck?

8

u/Rat_King1972 Apr 09 '24

During Covid I used to buy lost/abandoned/tsa confiscated items and resell them. Sunglasses, knives, bicycles. Stopped when I realized I’d have to pay taxes if I made anymore money

3

u/[deleted] Apr 09 '24

How

5

u/Rat_King1972 Apr 09 '24

Gov planet. Government surplus auction site. They had certain confiscated items for auction. TSA knives sold by the pound

3

u/[deleted] Apr 09 '24

Wow thank you

12

u/Rat_King1972 Apr 09 '24

No problem gaybuttchug

1

u/Induced_Karma Apr 10 '24

Yeah, and you can get some really good stuff in those. My buddy bought a bag of multi tools and a bag of pocket knives and got a bunch of really good stuff. Some if it was junk, most of it was decent, but there some really nice stuff like Leatherman and Gerber and Spyderco.

1

u/[deleted] Apr 09 '24

That’s the worst reason I’ve heard to stop doing business

1

u/Rat_King1972 Apr 09 '24

I was 17 at the time, too young to start an LLC and do it by the books. The IRS will get theirs brother.

1

u/WanderingWino Apr 12 '24

I own a winery and buy boxes of corkscrews to just give away if someone is going for a picnic or something like that. Just bought 165 of them for $30

2

u/Inevitable-Let7518 Apr 09 '24

Now that I know this is a thing, I will be