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<p>[QUOTE=&quot;Owle, post: 1525357, member: 22004&quot;]I was speaking with Claire, a dealer set up at the ANA.&nbsp; She said state and city taxes were considerable therefore she had to charge what she did. I had emailed the Philly tax department to try to find the law on transactions and they just directed me to their site, they did not give me personal elucidation on what the requirements were for paying taxes.</p><p><br /></p><p>And on the off-books transactions, it is very difficult for the authorities to identify these unless they are zeroing in on a particular business entity and carefully looking at transactions though the computers and software to interdict fraud are getting better.</p><p><br /></p><p>Let&#039;s say you get a big upgrade on coins, doubling your investment, how would the authorities know?&nbsp; You crack out coins out of their holders and they get big upgrades, netting you big money.&nbsp; They would not know unless they did a really thorough audit.[/QUOTE]</p><p><br /></p>

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