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Floridians...coin tax question?

Reading disclaimer on internet auction site from a seller located in Florida, it said;

"No Sales Tax on U.S. made coins sold, 6% Sales Tax due on all Foreign coins and all other collectibles sold to residents of Florida."

If I buy from a internet seller within my own state, I pay taxes on those US Coins, but sellers I buy from outside the state our state tax is exempt. In other words, no state taxes for my state are collected from sellers outside the state lines. I'm curious, has Florida deemed taxes on US Minted coins unconstitutional or something?
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Comments

  • Does Florida have some type of "Use" tax? Here in CT there are taxes added to any intra-state transactions, but all out of state transactions don't include sales tax. However, the State of Connecticut DEMANDS that you claim any purchases you made out of state on your state tax return each year otherwise they will come after you.

    Frankly, I find this "use" tax absolutely obsurd. It's not that the state wants the tax money, it's that they don't want you to have money. (As you have to pay the difference in sales tax. If you go someplace with 4% sales tax, CT wants that other 2% of the purchase price. Yet if you go someplace with 8% sales tax they won't refund the difference). So if Florida has a similar "tax" then it means that they'll come after you if it's large enough. Here in CT I don't plan on ever claiming any 'Use' tax EVER. image
    I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    This is no sales tax on US coins or currency in FL. There is sales tax on foreign coins, currency and bullion sales of less than $500. Sales of more than that amount are exempt.

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    FL does have a use tax for goods that are taxable. Because you buy from out of state does not exempt you from paying that tax. You are obligated to remit it to the state.
  • RampageRampage Posts: 9,528 ✭✭✭✭✭
    I live in Florida (and have all my life). When I went out of town to Denver one day, I stopped at a coin shop and bought a coin. They charged me a sales tax. I thought it was crazy since I have never paid one cent in tax buying coins here in Florida. I do not know the reason (never looked it up), but I do not mind it one bit. image
  • State tax laws are different for each state.

    Most states require in state purchaces to collect sales tax, the exception could be a purchace for resale ie. a dealer

    Some states like Maryland require a minumim purchace, MD is 200 bucks. And some states like MD go even farther and require you to have a MD tax number...kinda bogus if you flew in from CA and find out you gotta have a MD tax number or pay the Govenor....


    There is a Federal loop hole created by some very thoughtful coin collectors involved in Gov early on...Numismatic purchaces over 1000 bucks are tax exempt for everyone anywhere in the USA.

    so there you have it drop a grand and save 4 - 8%

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