Sales tax at coin shows

anything I should "look out" for? Indiana has 7% tax so at a show I'll see it... correct?

 

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Ouch! Oregon still does not have a sales tax.
Steve

 

Wisconsin has a 5% sales tax, but I've never witnessed anyone charging sales tax at a show. I guess technically they could charge, but they could be building it in their prices like taverns do.

 

I've never paid sales tax at a show.

If a dealer wanted to charge me sales tax after I was done negotiating a price, I'd walk away.

 

+1

 

Pay with CASH.

 

or trade

 

so I'm hearing I should NOT pay sales tax if asked... thanks for the help...

 

Looks like that is the concensus , or at least have the sales tax included in the asking price.
Good Luck, enjoy the show, Lucky... none for miles around these parts!
Steve

 

Another tip for shows, take cash... dealers like working with cash.

 

Repeat.

Cash is King. Going to a small show Sunday in Indiana.

Never paid sales tax there.

PS.

Dealers appreciate exact change as well.

 

I would guess that much depends on the state laws. I didn't sell at coin shows but I sold at gun shows and in my state, the sales tax was required to be listed as a separate item on the receipt.

I never understood and don't understand why people object to paying sales tax at shows. If the vendor has a sales tax license and keeps honest books, he has to pay the tax.

 

It's because at show's it's seen more easily.
The government likes to hide the tax's and if you go to Wal-Mart then it's just a hidden number at the end so it doesn't hurt as much. Or like personal property tax that is thrown in your loan...a couple of thousand dollars every year for your house would make people freak out if they had to write a separate check for that. Also your tax's taken out of your paychecks works like that too.
But at show's you find a coin for $200 then you look at $20 in tax and you think...hmm that's another Morgan and it upsets people.

 

Duke, how is it any different paying sales tax at Wal-Mart? Let's say you select an item - a $19.99 DVD. You take it to the cashier, she scans it and she tells you you owe $$21.19 (assuming a 5% sales tax rate). To me that is no different from selecting a coin priced at $19.99 and the dealer at the coin show adding 6% sales tax. No less hidden and no less painful.

 

It's not technically different. It's the psychology that changes. I'm not saying it's right or wrong it just feels different.
Like when you go to a bar and get 1 beer is like one coin. But most people get lots of stuff at a SuperMarket it seems different then just one coin. Plus I think being cash most of the time it feels different too.
I guess it's the combination of being just 1 item or few, paying cash, the items are actually cash and many of the transactions are and attempt to make or protect money.

It's hard to describe. Do you not get a weird feeling when when your in a state that wants to tax you a % on a purchase of coins that are actual money in the first place?

 

Comment removed. Did not want to attract trouble.

 

The fact of the matter is we are taxed every time we turn around. Work and earn money - pay tax. Spend your money (that you have already paid tax on) - pay tax. Invest your money (that you have already paid tax on) and make a profit - pay tax. Own real estate - pay tax. Register a vehicle - pay tax. Buy fuel for your vehicle - pay tax. Use or purchase anything that is federally regulated (telephone, airline ticket, etc.) - pay tax. Die and leave an estate (that was paid for with money you already paid tax on) - pay tax.

If the government could figure out how to tax air we would have to pay tax every time we breathe.

 

Cap and Trade...Hobo...Cap and Trade

 

No one likes taxes but we all like the stuff that taxes pay for. Highways, streets, buses, schools, airports, the military, police, fire departments, hospitals, tuition grants, GPS, etc., etc., etc..

 

Fact is, if I do a show in Virginia, my home state, I'm competing with many other folks who are not charging or paying sales tax, for whatever reason. I am a registered dealer in Virginia, but nobody wants to pay sales tax. So your choice in doing a show is either include the sales tax in the price and then back it out and send it to the Commonwealth ... not really profitable ... or not do shows in your home state. So the few shows I do are all out of state. Simple as that. A shame, but the facts of life.