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<p>[QUOTE=&quot;rickmp, post: 1267580, member: 28047&quot;]Two different types of tax. </p><p>Sales tax is a tax levied by the individual states and is a percentage of the purchase price. Some states tax sales of coins and some don&#039;t.</p><p>Income tax is a tax on the profits made in the trading of the coins levied by the US government and by some states.</p><p><br /></p><p>Paying sales tax when you make the purchase does not eliminate any capital gains taxes on the income generated when you later sell those coins.</p><p><br /></p><p>Special note to Treashunt: Thanks for the correction. When I post, there is always the possibility that I am wrong, and I always appreciate it when I&#039;m set straight.[/QUOTE]</p><p><br /></p>

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