Have you ever gladly overpaid for a coin to ....
SCDHunter
Posts: 686 ✭✭✭
avoid paying a state sales tax?
I've found myself in situations where my auction totals are below the threshold and will gladly purchase something I don't really want to kick it over the threshold. I feel better knowing that my money is supporting the company rather than the state.
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Comments
No, and I have no idea of what state taxes you are referring to.
Nope
Some states charge sales tax on coins. For example, California charges tax on coin purchases below $1,500. So there are times when it’s beneficial to get your total to $1,500 in order to avoid the 7.25% in taxes. If your total is $1,400, it would be better to purchase a $100 coin and not pay tax rather than paying $105 in tax on your $1,400.
Certainly yes. [edit: on the purchase of the extra coin - not gladly overpaying] The tax savings can 'pay' for over half the extra coin's value in some cases.
No.... I do not buy coins if I have to pay tax.... cash can solve that issue where applicable....Cheers, RickO
Same here.
Same here.
Not yet, but I've thought about it when it's not available for a price below the tax cutoff. Taxes make people do interesting things.
nope, I just tell the seller my/their price includes sales tax.
I love overpaying for amazingly toned lincolns but not for taxes!
Haven't done this, yet.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
nope
Er...not legally.
Coin collectors are all bad Mofos who live life on the edge. Rebels and rock stars each and everyone of them
11.5$ Southern Dollars, The little “Big Easy” set
No sales tax on coins or bullion in GA, so no.
I have overpaid on occasion to fill a hole however.
it's crackers to slip a rozzer the dropsy in snide
I'm in FL so no, I have not done this. No need. If I lived in another state where the situation was different, I might look at legal ways to avoid dishing out more money to the tax man.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.