Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Does your local dealer charge tax?
>
Reply to Thread
Message:
<p>[QUOTE="omahaorange, post: 1424934, member: 28199"]I can only say what it is in Pennsylvania. In PA coins (I'm sure) and bullion (I think) are not taxable. Paper currency, I believe, is taxable on the amount over the face value of the bill (ie- buy a $1 silver certifcate for $3, you pay 6% of $2) although I'm not sure how well this is enforced. Cash or credit purchases are no different. Although "under the table" buys may not be taxed (by the seller, not by law) so he can save some money and paperwork, it's not legal here. As to the internet purchases, PA will require sales tax be collected on taxable items purchased from a vendor who has any type of physical presence in the state, regardless of where the actual physical transaction took place, and do require you report purchases from outside the state on your tax return, but again, this is probably dificult to enforce when the purchase was made outside the state. It's all about the paper trail.</p><p><br /></p><p><a href="http://www.state.nj.us/treasury/taxation/pdf/pubs/sales/su4.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.state.nj.us/treasury/taxation/pdf/pubs/sales/su4.pdf" rel="nofollow">http://www.state.nj.us/treasury/taxation/pdf/pubs/sales/su4.pdf</a></p><p><br /></p><p>For New Jersey's sale tax laws.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1424934, member: 28199"]I can only say what it is in Pennsylvania. In PA coins (I'm sure) and bullion (I think) are not taxable. Paper currency, I believe, is taxable on the amount over the face value of the bill (ie- buy a $1 silver certifcate for $3, you pay 6% of $2) although I'm not sure how well this is enforced. Cash or credit purchases are no different. Although "under the table" buys may not be taxed (by the seller, not by law) so he can save some money and paperwork, it's not legal here. As to the internet purchases, PA will require sales tax be collected on taxable items purchased from a vendor who has any type of physical presence in the state, regardless of where the actual physical transaction took place, and do require you report purchases from outside the state on your tax return, but again, this is probably dificult to enforce when the purchase was made outside the state. It's all about the paper trail. [URL]http://www.state.nj.us/treasury/taxation/pdf/pubs/sales/su4.pdf[/URL] For New Jersey's sale tax laws.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Does your local dealer charge tax?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...