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<p>[QUOTE=&quot;-jeffB, post: 2611643, member: 27832&quot;]I&#039;d give more consideration to buying PM locally if my state government weren&#039;t so obtuse about sales-tax legislation.</p><p><br /></p><p>If you&#039;re going to buy more than 1% of your annual income worth of <i>anything</i> taxable over the course of a year, you come out ahead by buying online from vendors who don&#039;t add sales/use tax, then paying the state calculated rate, which amounts to what you&#039;d pay on purchases equal to 1% of your income.</p><p><br /></p><p>So, paying this way, once you&#039;ve spent 1% of your income on online purchases, the effective LEGAL tax rate for further purchases is ZERO. And, as a rational buyer, I&#039;ll rarely choose to pay 7.5% extra by purchasing locally, even if local prices match online (and they usually don&#039;t).</p><p><br /></p><p>Of course, price optimization isn&#039;t everything. I <i>do</i> like to support some local businesses even if it costs me extra, and I <i>do</i> sometimes opt for the speed and convenience of Amazon Prime/Amazon Now, even though both impose sales tax. For bullion purchases, though? Especially for something I intend to flip? I do what my state tax policy incentivizes -- I buy online.[/QUOTE]</p><p><br /></p>

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