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<p>[QUOTE=&quot;kaparthy, post: 1809861, member: 57463&quot;]Still no sales tax on gold and silver coins in Michigan.&nbsp; </p><p><br /></p><p>(About 10 years ago, Ohio was in the same position, but a scandal involving campaigns and Republicans made the legislature mad and they took away that exemption. )&nbsp; </p><p><br /></p><p>Texas just lifted its 8% sales tax from gold and silver coins less than $1000.</p><p>&quot;Previously, the law allowed higher-income Texans to save and invest in precious metals without a tax penalty because it dropped sales taxes if the purchase was more than $1,000, Simpson said.&quot; <a href="http://www.news-journal.com/news/local/gold-rush-simpson-s-sales-tax-bill-takes-effect/article_85d604d8-b194-57c6-b309-c4282cbd3371.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.news-journal.com/news/local/gold-rush-simpson-s-sales-tax-bill-takes-effect/article_85d604d8-b194-57c6-b309-c4282cbd3371.html" rel="nofollow">Read here.</a></p><p><br /></p><p>Taxes in the US are largely local and state. We have few direct federal taxes except the income tax and fuel taxes (18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel fuel).[/QUOTE]</p><p><br /></p>

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