Sales tax

Discussion in 'Coin Chat' started by pghpanthers2, Jan 17, 2018.

  1. ziggy9

    ziggy9 *NEC SPERNO NEC TIMEO*

    Not true, Ma charges tax on purchases under $1000 and the worlds fair of mony was held there in 2010.
     
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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    All I can tell you is that staying OUT of sales tax states is now an official ANA Board policy and has been for quite a few years now. It's spoken of PUBLICLY as a disqualifying factor. Maybe it's because dealers screamed metaphorical "bloody murder" after Boston.

    PA does levy the tax on currency notes (net of face) and exonumia, and even THAT creates dealer gripes.
     
    BlackBeard_Thatch likes this.
  4. BlackBeard_Thatch

    BlackBeard_Thatch Captain of the Queen Anne's Revenge

    "investment" coins and bullion are not taxed here but anyone just says their coins are investments so they don't have pay the extra tax on them. I personally have had no problems buying coins local and dealing with tax.
     
  5. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

  6. PlanoSteve

    PlanoSteve Well-Known Member

    It's probably because the "Tax Committee on Coins" is in a different building than the "Tax Committee on Currency" & they do not talk to each other (kind of like the FBI & CIA!) :joyful::rolleyes::bored::facepalm:;):wacky:
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    Hmm. Wonder if that means we might start seeing major conventions in NC now?
     
  8. Mr. Flute

    Mr. Flute Well-Known Member

    In Ohio, as of 1/1/16, there is no sales tax on precious metal bullion of 50% purity or more on purchases up to $10,000. This applies to coins at bullion price or collector price.

    Sales tax is still levied on base metal coins and paper notes.

    This is good for me, as I don't actively collect many base metal coins anymore.
     
    BlackBeard_Thatch likes this.
  9. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I do believe Charlotte will start appearing in the "cities being considered" list. Is there any truth to the rumor that Cary is actually an acronym - Containment Area for Relocated Yankees?
     
    Mainebill likes this.
  10. Ana Silverbell

    Ana Silverbell Well-Known Member

    No sales tax in Montana. When will we see an ANA convention?
     
  11. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Yeahhh, Montana has other issues. Kalispell is a decent enough town, but they like hub airport towns a lot. 3 key attributes gets you an ANA show:

    1) No sales tax.
    2) Hub airport with many, easy, and cheap flights.
    3) An active coin club scene, for volunteers.

    Being a do-er and a go-er beats being an online presence all to heck.
     
  12. Ana Silverbell

    Ana Silverbell Well-Known Member

    Well, we do have Wayne Miller Coins, and a look inside his coin shop and meeting him is worth the trip, I think, but then I am biased.
     
  13. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I shall MAKE that trip, someday. Kalispell has been on my "go to" list for some years.

    I see Wayne's in Helena, but in for a penny, in for a pound.
     
  14. Conder101

    Conder101 Numismatist

    As long as they don't get audited.

    That's a big part of it. Back in 79 and 80 when bullion went sky high for the first time and coin shops were making tons of money on bullion state tax authorities DID start working weekends for awhile attending coin shows to make sure everyone had their tax id paper work filled out and that the dealers were collecting the taxes. At one NJ show they actually escorted one dealer off the floor and taped off his booth with crime scene tape when they found he didn't have the state tax forms filed and he hadn't been charging the sales tax. After the metal market collapsed the taxman lost interest in working weekends and stopped visiting shows.
     
  15. Cheech9712

    Cheech9712 Every thing is a guess

    New York taxes your thoughts and working on a new bill to tax your dreams
     
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  16. Cheech9712

    Cheech9712 Every thing is a guess

    Buffalo ny here. You nailed it. Cash in hand and dont have to claim.
     
  17. Cheech9712

    Cheech9712 Every thing is a guess

    Ahhh man. Then get a reciept
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Raleigh/Durham is closer to Washington and Eastern VA, and their wealthy populations, but Charlotte is closer to Atlanta.

    When we moved to Durham, Cary was about 20 minutes away to the southeast, basically a suburb of Raleigh and RTP. Now, I can drive five minutes due south and be in Cary. I'm starting to think it actually stands for Can't Annex Richmond -- Yet.
     
  19. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I think the historic linkage to the Charlotte Mint gold rush era is attractive, as well as its status as a hub airport. Heck, I can even fly non-stop to CLT from Harrisburg.
     
    Last edited: Jan 18, 2018
  20. pghpanthers2

    pghpanthers2 Resurgent Collector

    I did? What does it matter though? He was right and I wouldnt put up a stink with the state anyway over a couple bucks.
     
  21. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Being in NY didn't clue you in? ;)
     
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