What is the sales tax on coin purchases in your area ..............

BigE

...............and do you ever find ways to get around it? Here in Oregon there isn't any---------------BigE

shirohniichan

So' Cal' is 7.75% or thereabouts. It used to be 6% for the longest time, then they added a temporary earthquake relief increase. The earthquake has long since been cleaned up, but the surcharge remains.

dbldie55

0%

LanLord

In my area of Cal it's 8.25% unless you exceed $1000, then it's zero. This is completely stupid. It should be 0% for all purchases.

Twowood

On Long Island in NY...Land of Taxes...we pay 8.5% if both buyer and seller live in NY. When I buy big ticket items in NY,I have them delivered to my son in Connecticut and I collect them on our next visit.

Luvdawgs

I guess we're lucky here in that way (in Virginia). It's 4 1/2 %, and I thougt that was bad. They are thinking of increasing the tax to 6 % though. They even tax food and clothing at that rate.

crito

In Tennessee it's 9.75%. Couple years ago, when I was living in Colorado, which does have sales tax, discovered numismatic items were exempt. I went on a spending spree

nwcs

Yeah, sales tax here isn't fun. Which is why I buy online.

shirohniichan

British Columbia has a 5% Provincial Sales Tax in addition to the national 7% General Sales Tax. At least I'm going to get the GST refunded since I'm not a Canadian citizen.

BigE, are there any good coin stores up there in Orey-gone?

BTW, if you buy and sell lots of coins as a vest pocket dealer, it may behoove you to get a resale license and thus avoid sales tax payment on purchases (though you'll have to collect it on sales and forward it to the Franchise Tax Board).

UncleJoe

0% (Florida).

Joe.

BigE

Shiro, I have not found one yet. Perhaps there is in Portland----------------------BigE

Mrpawn

Idaho's sales tax on coins and bullion is 0%
everything else is 5% with a miriad of exemptions, so many that even most State Tax personel do not know all of them

kingmatt

no sales tax on coin purchases in Ohio, matt

BillJones

Massachusetts is 5% on purchases of coins or bullion that are less than $1,000. If the invoice is for $1,000 or more, there is no tax.

goose3

0 in OhiO!
I will occasionally buy some expensive stuff for a friend in CA, and ship to him.

jsharp

Washington State: No tax on coin purchases. No tax on groceries. Most other items are between 8% and 10% depending on what it is. Higher taxes on Hotel and tourist related items.

prooflike

I'm in Riverside County, CA where it is 7.75%

Conder101

5% in Indiana, going to 6% next year.

littlewicher

There used to be a local coin shop here that never charged sales tax on me. He would just put the money in his pocket. He was the owner of the store.

IrishMike

I have never paid sales tax on a coin I bought in Indiana.

Fairlaneman

Shiro:

Almost correct. Its Or-E-Gone. ...and to answer your Coin Shop question, its Tough here. The best I have found is across the River in Vancouver. The Portland Shops just do not carry any inventory that would compare too a Seattle Shop or Internet Dealer. Heck some even refuse to deal in any Slabbed coins period.

Ken

PS: No tax charged when buying in Washington as long as you show you are from Or-E-Gone.

Fairlaneman

BigE...Good to see you Back. Brain fade in the previous post.

newbiecollector

Well "sales tax" (or VAT, MVA or whatever it might be termed in your country) is 24% here in Norway. On ALL things................. EXCEPT MONEY........ no tax on coins. Mkaes me feel good for a change... 24% extra on all purchases is a lot in my opinion.

hjohn74

I've been paying about 4.5% here in VA. However, I buy online from a seller in Va Beach. I think where I am in Alexandria it would be higher. The closer you get to DC, the more you pay in taxes. Everything else for that matter....

fcloud

Wisconsin -- WE ARE NUMBER THREE AND TAXES AND TRYING FOR NUMBER ONE!
Most areas 5%
Milwaukee area 5.6%
other areas fall in between the two.

09sVDB

5% in MA.

DaveG

I buy at shows and pay cash, and I've never had a dealer add sales tax to the purchase price.

lathmach

No tax on coins here in Michigan.

Ray

Spinynorman

jsharp already got Washington, but I bought some coins in Idaho recently and they are sales tax exempt there, as well. I'm in Orygun now and things are the way they should be.

howie08

0 % in Arizona on coins , but we do have to pay sales tax on any supplies.
Howie

ajaan

8% for Erie County in New York (Buffalo).

johnk

6% in PA