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Bullion vs other. Sales tax seems to give a strong advantage to Bullion.

lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
edited July 4, 2024 5:38AM in Precious Metals

In Florida it’s 6% , so I’m drawn more towards bullion which is not taxed.

LCoopie = Les

Comments

  • derrybderryb Posts: 36,934 ✭✭✭✭✭

    rather than?

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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,362 ✭✭✭✭✭

    Coins , currency and bullion items are not taxed in Nebraska. Not to worry, we make it up on the property tax.

  • derrybderryb Posts: 36,934 ✭✭✭✭✭

    Florida tax exempt rules for Coins, Currency, or Bullion

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

  • blitzdudeblitzdude Posts: 5,950 ✭✭✭✭✭

    No taxes on coins/bullion in The Commonwealth. God bless The Commonwealth. THKS!

    The whole worlds off its rocker, buy Gold™.
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  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    LCoopie = Les
  • derrybderryb Posts: 36,934 ✭✭✭✭✭

    @lcoopie said:

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    From my above link:

    "Sales of gold, silver, and platinum bullion are exempt if the
    sales price exceeds $500 in a single transaction. A single
    transaction could include a combination of gold, silver, or
    platinum bullion."

    PM rounds and bars are bullion.

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

  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭

    @derryb said:

    @lcoopie said:

    @derryb said:
    rather than?

    Sorry….l.
    Rounds and bars, other forms of precious metals than bullion.

    From my above link:

    "Sales of gold, silver, and platinum bullion are exempt if the
    sales price exceeds $500 in a single transaction. A single
    transaction could include a combination of gold, silver, or
    platinum bullion."

    PM rounds and bars are bullion.

    Thanks

    LCoopie = Les
  • PerryHallPerryHall Posts: 46,227 ✭✭✭✭✭

    @blitzdude said:
    No taxes on coins/bullion in The Commonwealth. God bless The Commonwealth. THKS!

    Where do you live? There are four states and two US territories that are commonwealths.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ashelandasheland Posts: 23,223 ✭✭✭✭✭

    North Carolina is exempt on Coins, Currency and Bullion. That wasn’t always the case. I think they made it exempt around the year 2017?

    My YouTube Channel

  • derrybderryb Posts: 36,934 ✭✭✭✭✭

    would welcome an exemption on dollars.

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

  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    @asheland said:
    North Carolina is exempt on Coins, Currency and Bullion. That wasn’t always the case. I think they made it exempt around the year 2017?

    Likewise South Carolina

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