What is your States sales tax on coins?
relayer
Posts: 10,570 ✭
I just won a coin on eBay from a seller in Tennessee and see they charge 9.5% in sales tax.
In California the base rate is 7.25% but there are county sales taxes added in as well, so LA has 8.25%, San Francisco is 8.5% and Alameda is the highest at 8.75%
There is a tax exemption in California for coins when purchasing over $1,000 (which has caused me to over-spend buying from DHRC when buying a $600 coin I bought $400 more to save the $45 state sales tax on it). On eBay I avoid California sellers as much as I can because the 8% added to my bid doesn't make it a good deal anymore.
Can anybody beat Tennessee’s 9.5% ?
In California the base rate is 7.25% but there are county sales taxes added in as well, so LA has 8.25%, San Francisco is 8.5% and Alameda is the highest at 8.75%
There is a tax exemption in California for coins when purchasing over $1,000 (which has caused me to over-spend buying from DHRC when buying a $600 coin I bought $400 more to save the $45 state sales tax on it). On eBay I avoid California sellers as much as I can because the 8% added to my bid doesn't make it a good deal anymore.
Can anybody beat Tennessee’s 9.5% ?
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NJ = 6%
Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>Same as for everything else. >>
The big ZERO...wohooo! Of course they raise the prices on everything else to make up for it.
Why step over the dollar to get to the cent? Because it's a 55DDO.
<< <i>florida = 0% >>
For items up to a certain amount... after that certain amount, standard sales tax applies
42/92
I've heard about the Tennessee sales tax. That's awlful! It's even worse that New York, which was bad enough to keep me out of the state when I lived in the Northeast.
<< <i>I've heard about the Tennessee sales tax. That's awlful! It's even worse that New York, which was bad enough to keep me out of the state when I lived in the Northeast. >>
Yes, but Tennessee doesn't have a state income tax on earned income (they only tax dividends and interest income), so you'd expect a high sales tax. Contrast with states like New York an California, which have both a high income tax AND a high sales tax.
The sales tax rate in most of urban Texas (8.25%) is quite high -- but with no state income tax, it's hard to complain too much. I paid the same 8.25% sales tax when we lived in California, AND we were in an 8% marginal income tax rate (it went up to 11%). THAT is punitive.
West Virginia=6%
Les
0% in Michigan.
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............which brings up a very good point. Why.....WHY......why must the ANA insist on having coin shows in states that tax the sales of coins and currency? The actual tax is not too terrible...usually....but the paperwork takes up too much time.
Our eBay auctions - TRUE auctions: start at $0.01, no reserve, 30 day unconditional return privilege & free shipping!
<< <i>PA = 6% though I don't think anyone's ever asked me to pay it. BTW, no sales tax on clothes in PA, yet... >>
My wife's family is in Pennsylvania. So when we plan a visit out there, usually about once a year, we bring more luggage than we need...and bring home new clothes from a PA shopping spree in the extra room we've left ourselves.
BTW, you shouldn't have to pay TN sales tax unless you also live in Tennessee, or the dealer has a physical presence in your state (in which case he should charge you sales tax in your state).
<< <i>Yes, but Tennessee doesn't have a state income tax on earned income (they only tax dividends and interest income), so you'd expect a high sales tax. Contrast with states like New York an California, which have both a high income tax AND a high sales tax. >>
We also do not have a property tax on cars, emissions, vehicle inspections, and others. The tax is also graduated, 8.25% on food/medicine and 9.25% on non-food and prepared foods (restaurant). In the end, it balances out. Although we are considered one of the more tax friendly states to citizens of TN. We just get the people who visit more.
<< <i>Also in Tennessee, but here in Nashville, it's 9.75%
BTW, you shouldn't have to pay TN sales tax unless you also live in Tennessee, or the dealer has a physical presence in your state (in which case he should charge you sales tax in your state). >>
Good point I forgot. In Knox County it's 9.25%. Different counties/cities will have some variance with the local component.