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Nube Question: Are all the Bullion "Houses" Charging Internet Sales Tax Now?

7Jaguars7Jaguars Posts: 7,485 ✭✭✭✭✭
in Precious Metals

I noticed as I got ready to pull the trigger today that places such as Apmex and BullionExchange now charge sales tax. is that true now for all these outfits?

Love that Milled British (1830-1960)
Well, just Love coins, period.
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Comments

  • bestmrbestmr Posts: 1,780 ✭✭✭

    It depends on the state. In Washington, precious metals aren’t taxed but anything else is.

    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • derrybderryb Posts: 36,948 ✭✭✭✭✭
    edited November 23, 2018 9:05AM

    Until dealers fine tune their software for varying state income tax exemptions they will likely continue to treat everything taxable based on the standard sales tax for each state. Kinda like the old "kill them all and let God sort them out" mentality.

    For states that have modified or no applicable sales tax on precious metals and an out of state dealer charges the standard sales tax, best to contact dealer first to discuss the tax charge. I know from experience that MCM charges FL sales tax on my tax exempt FL bullion purchases on ebay and then automatically refunds the tax charge via paypal the next day. Before calling the dealer first review your state's sales tax policy on-line concerning exemptions. This will prepare you for your phone call to the dealer.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    Coinexchange267 & baypreciousmetals DO NOT

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CaptHenwayCaptHenway Posts: 32,241 ✭✭✭✭✭

    Technically some states (or commonwealths) charge a sales tax on internet orders, and some bullion houses collect it for them.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Careful research will save some $$.... Many small businesses just do not want the hassle... I have seen this on other items....Cheers, RickO

  • derrybderryb Posts: 36,948 ✭✭✭✭✭

    Just a matter of time before small sellers get caught up in the requirement to collect state sales taxes on behalf of the states.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    @derryb said:
    Just a matter of time before small sellers get caught up in the requirement to collect state sales taxes on behalf of the states.

    On eBay...the day of reckoning is Jan 2019. However, eBay will handle the tax collection & disbursement to the "money grabbing" States.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,948 ✭✭✭✭✭

    @OPA said:

    @derryb said:
    Just a matter of time before small sellers get caught up in the requirement to collect state sales taxes on behalf of the states.

    On eBay...the day of reckoning is Jan 2019. However, eBay will handle the tax collection & disbursement to the "money grabbing" States.

    wonder how much this will add to the fees. If it affects stores only, a lot of stores will close.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • 7Jaguars7Jaguars Posts: 7,485 ✭✭✭✭✭

    Liberty coin on ebay did not....That was on platinum.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
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