One of the very few perks of living in the People's Republic of Illinois is no sales tax on coins/bullion. For now anyway.
I've been an opponent of buyer's fees since they really came into vogue back in the day. The consignor should pay the fees. Paying an extra 15-20% for the privilege of buying something is ludicrous...but, that said...it is all a function of how badly you want the item. It is their house and their rules. If you don't like the fees, don't bid. Maybe if enough people scale back bidding they'll get the message. Doubt it though.
<< <i>If you want to go to the source for the details on when Heritage charges sales tax, go here. >>
It isn't the when that bothered me. It is the why. I replied to the email announcement with a specific request about the why. I have received a reply. I'll wait for HA to elaborate publicly on their own schedule.
<< <i>I just received an email from Heritage. As of April 15 they will be charging sales tax for NY customers. Bye bye, so long, farewell. Less bidders for their auctions. >>
The state government is responsible for tax laws, not Heritage. Heritage is merely enforcing their obligations as a merchant to collect sales tax. >>
Well said. Now if NY just used the money to held the indigent, the world would be a better place.
Always took candy from strangers Didn't wanna get me no trade Never want to be like papa Working for the boss every night and day --"Happy", by the Rolling Stones (1972)
All New York residents are required to pay sales tax on their purchases. If Heritage didn't charge you for the sales tax, then you are expected to voluntarily submit the appropriate amount to the state anyway. These same rules apply in almost all states that charge a sales tax on coins.
It's unfortunate that so many coin collectors and coin dealers cheat their government by not paying their taxes.
"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
I got the mail also.....It doesn't seem to indicate auctions held in NY, more like all sales.... Here's a copy.....
Effective April 15th, Heritage will be required by state law to charge all applicable sales taxes on any items delivered to New York addresses other than sales to dealers with valid New York sales tax numbers who are purchasing for resale and who furnish us with a properly completed New York resale certificate (exempt purchasers may, of course, furnish us with properly completed New York exemption certificates). Please see paragraph #25 in our Terms and Conditions for more complete information.
A few years ago they did the same thing for California. Pretended to have a B & M presence so they could charge California state taxes and hold onto the money for a financial quarter. Sleazy.
Comments
I've been an opponent of buyer's fees since they really came into vogue back in the day. The consignor should pay the fees. Paying an extra 15-20% for the privilege of buying something is ludicrous...but, that said...it is all a function of how badly you want the item. It is their house and their rules. If you don't like the fees, don't bid. Maybe if enough people scale back bidding they'll get the message. Doubt it though.
RIP Mom- 1932-2012
<< <i>If you want to go to the source for the details on when Heritage charges sales tax, go here. >>
It isn't the when that bothered me. It is the why. I replied to the email announcement with a specific request about the why. I have received a reply. I'll wait for HA to elaborate publicly on their own schedule.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
<< <i>
<< <i>I just received an email from Heritage. As of April 15 they will be charging sales tax for NY customers. Bye bye, so long, farewell. Less bidders for their auctions.
The state government is responsible for tax laws, not Heritage. Heritage is merely enforcing their obligations as a merchant to collect sales tax. >>
Well said. Now if NY just used the money to held the indigent, the world would be a better place.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
It's unfortunate that so many coin collectors and coin dealers cheat their government by not paying their taxes.
Here's a copy.....
Effective April 15th, Heritage will be required by state law to charge all applicable sales taxes on any items delivered to New York addresses other than sales to dealers with valid New York sales tax numbers who are purchasing for resale and who furnish us with a properly completed New York resale certificate (exempt purchasers may, of course, furnish us with properly completed New York exemption certificates). Please see paragraph #25 in our Terms and Conditions for more complete information.
Sincerely,
Heritage Client Services
they could charge California state taxes and hold onto the money for a financial quarter. Sleazy.
Steve