Can someone clarify which states have slapped on this extra sales tax on Numismatic and Bullion Coin buyers?
Obviously Washington State, AND possibly Maryland ?
What about the others? Looks like its time to relocate to Delaware or Alaska! Or become a Dealer?
Other States With Minimal Sales Tax Rates
While five states have no sales tax, 11 other states that have relatively low sales tax rates, ranging from 2% to 5%.
1
These include:
Alabama (4%)
Colorado (2.9%)
Georgia (4%)
Hawaii (4%)
Louisiana (4.45%)
Missouri (4.23%)
New York (4%)
North Carolina (4.75%)
Oklahoma (4.5%)
South Dakota (4.2%)
Wyoming (4%)
Which U.S. States Have No Sales Tax?
Alaska, Delaware, Montana, New Hampshire, and Oregon are the five states without a sales tax.
1
Tax Foundation. "State and Local Sales Tax Rates, Midyear 2024."
What Is the Most Tax-Friendly State?
Various states have favorable tax treatments, from sales tax to income tax. For example, Delaware has no sales tax and has the country's seventh-lowest median property tax rate. Like Delaware, Alaska has no state sales tax, although Juneau has a 5% local sales tax rate. In addition, there's no income tax across the state. Meanwhile, Wyoming offers low sales tax, property tax, and no income tax—making it one of the most tax-friendly states in America.
20
“When you don't know what you're talking about, it's hard to know when you're finished.” - Tommy Smothers
Can someone clarify which states have slapped on this extra sales tax on Numismatic and Bullion Coin buyers?
Obviously Washington State, AND possibly Maryland ?
What about the others? Looks like its time to relocate to Delaware or Alaska! Or become a Dealer?
Other States With Minimal Sales Tax Rates
While five states have no sales tax, 11 other states that have relatively low sales tax rates, ranging from 2% to 5%.
1
These include:
Alabama (4%)
Colorado (2.9%)
Georgia (4%)
Hawaii (4%)
Louisiana (4.45%)
Missouri (4.23%)
New York (4%)
North Carolina (4.75%)
Oklahoma (4.5%)
South Dakota (4.2%)
Wyoming (4%)
Which U.S. States Have No Sales Tax?
Alaska, Delaware, Montana, New Hampshire, and Oregon are the five states without a sales tax.
1
Tax Foundation. "State and Local Sales Tax Rates, Midyear 2024."
What Is the Most Tax-Friendly State?
Various states have favorable tax treatments, from sales tax to income tax. For example, Delaware has no sales tax and has the country's seventh-lowest median property tax rate. Like Delaware, Alaska has no state sales tax, although Juneau has a 5% local sales tax rate. In addition, there's no income tax across the state. Meanwhile, Wyoming offers low sales tax, property tax, and no income tax—making it one of the most tax-friendly states in America.
20
.
Colorado has an exemption on sales tax for coins and bullion.
Note, however, that some local counties and cities within Colorado may have their own sales tax that is usually not exempt for coins and bullion.
@OnlyGoldIsMoney said:
The Commonwealth of Pennsylvania is still accepting refugees from high tax States.
No sales tax on coins and bullion in the Commonwealth.
And their income tax rate is 3.07%. Until I spend more than 30% of my income on coins (and I don't come close to that), I'm coming out ahead. Anything can look great or horrible if you draw the right control volume.
As a refugee from New York State, I can tell you that is misleading information. Yes, that is the state sales tax rate but every county has had the option to add on their own local sales tax. Virtually every county has a total minimum combined sales tax of 7% with some cities (like NYC) adding their own city sales tax on top of that.
As a refugee from New York State, I can tell you that is misleading information. Yes, that is the state sales tax rate but every county has had the option to add on their own local sales tax. Virtually every county has a total minimum combined sales tax of 7% with some cities (like NYC) adding their own city sales tax on top of that.
Yup. Most are at 8%
All comments reflect the opinion of the author, even when irrefutably accurate.
As a refugee from New York State, I can tell you that is misleading information. Yes, that is the state sales tax rate but every county has had the option to add on their own local sales tax. Virtually every county has a total minimum combined sales tax of 7% with some cities (like NYC) adding their own city sales tax on top of that.
Yup. Most are at 8%
8.75% in Erie County
DPOTD-3 'Emancipate yourselves from mental slavery'
Comments
Can someone clarify which states have slapped on this extra sales tax on Numismatic and Bullion Coin buyers?
Obviously Washington State, AND possibly Maryland ?
What about the others? Looks like its time to relocate to Delaware or Alaska!
Or become a Dealer?
Other States With Minimal Sales Tax Rates
While five states have no sales tax, 11 other states that have relatively low sales tax rates, ranging from 2% to 5%.
1
These include:
Alabama (4%)
Colorado (2.9%)
Georgia (4%)
Hawaii (4%)
Louisiana (4.45%)
Missouri (4.23%)
New York (4%)
North Carolina (4.75%)
Oklahoma (4.5%)
South Dakota (4.2%)
Wyoming (4%)
Which U.S. States Have No Sales Tax?
Alaska, Delaware, Montana, New Hampshire, and Oregon are the five states without a sales tax.
1
Tax Foundation. "State and Local Sales Tax Rates, Midyear 2024."
What Is the Most Tax-Friendly State?
Various states have favorable tax treatments, from sales tax to income tax. For example, Delaware has no sales tax and has the country's seventh-lowest median property tax rate. Like Delaware, Alaska has no state sales tax, although Juneau has a 5% local sales tax rate. In addition, there's no income tax across the state. Meanwhile, Wyoming offers low sales tax, property tax, and no income tax—making it one of the most tax-friendly states in America.
20
.> @rooksmith said:
.
Colorado has an exemption on sales tax for coins and bullion.
Note, however, that some local counties and cities within Colorado may have their own sales tax that is usually not exempt for coins and bullion.
.
And their income tax rate is 3.07%. Until I spend more than 30% of my income on coins (and I don't come close to that), I'm coming out ahead. Anything can look great or horrible if you draw the right control volume.
New York (4%)
As a refugee from New York State, I can tell you that is misleading information. Yes, that is the state sales tax rate but every county has had the option to add on their own local sales tax. Virtually every county has a total minimum combined sales tax of 7% with some cities (like NYC) adding their own city sales tax on top of that.
Member ANA, SPMC, SCNA, FUN, CONECA
Yup. Most are at 8%
All comments reflect the opinion of the author, even when irrefutably accurate.
8.75% in Erie County
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don