Ohioans for the removal of the tax on coins (O.R.T.CO.) is a new organization that I think will be a big help. MISSION STATEMENT We are a non-profit organization established to further the advancement of coin collecting through improved education of numismatics and by the adoption of policies throughout the State of Ohio and its legislature that will accomplish this. We shall encourage donations to our organization through the solicitation of individuals, groups, and clubs to further this cause. We shall encourage the tax free trade of coins and coin collecting throughout the State of Ohio and adopt policies that result in no tax on investment coins, silver coins, platinum coins, gold and silver bullion and those products produced by the United States Mint, and including tokens, broken bank notes, world coins and currency used at sometime for trade, or those metals used to store wealth. We will defend our position by our participation in decisions made by state government officials, which include but are not limited to: • Publishing articles concerning the benefits of tax free coin sales. • Contacting various state and local representatives with facts and information supporting our views. • Encouraging understanding of our hobby, clubs and businesses. • Influencing decisions by state legislators concerning our hobby, club, or business. We will accomplish the above goals through improved education of individuals and legislators and adopt legal strategies consistent with our progress and financial resources when deemed necessary. Rev. 4/4/06 E-mail Charlie Kepnes at NoTaxCoins@sbcglobal.netto get more info. -------------------------------------------------------------------------------------------------------------------------- A different Charlie
Great and fantastic idea. However, I didn't even know that any one ever charged a tax on buying a coin. Don't know how anyone can tax a monitary item. That actually makes little sence. It could mean if I bought something for a dollar and I gave them a dollar coin and they turned around and sold it to someone, there would have to be another tax on the coin. Now if they sold it, there would be another tax, etc, etc until there has been more paid in taxes than the coin is worth. Here in Illinois I have never paid a tax of any kind on any coin. Was there supposed to be one?
It's up to the individual state - some states charge sales taxes on numismatic items and some don't. It's like that with many things - even food.
