On going pet peeve about sales tax on eBay for bullion purchases

How can you even think about making money or braking even for that matter
when buying bullion on eBay, this is even
for dealers that are in the same state as
me which is mind boggling ! as my state
offers no sales tax on bullion what ever
the amount is at my LCS, neighboring
states such as California offer no sales
tax of purchases over $2,000 I am currently looking for a 500 gram bar
but my LCS says these are tough to come by but I think I got a connection
in California that can get me what iam looking for and save over $900 in
tax.

 

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Short answer......don't buy there.

 

Be careful of what you wish-for, when trying to "break-even" while "trading" P.M..

EBay has recently sent me a T.O.S. update in response to my legal challenge of their with-holding purchase funds.

They've blocked funds access from both parties in an eBay sales dispute, after they've received their "service-fees".

 

you have to admit that major bullion purchases on eBay are a loser ! in comparison to a no tax situation though
I may still consider to buy certain coins
but they would have to really WOW me !

 

This is free advice, worth at least your cost!

You probably should get Federal tax advice from reliable counsel, before posting YOUR understandings.

JMHO

 

Just because I don’t want to pay tax on eBay and a ridiculous bullion tax policy.

 

If you haven't had a Federal Tax Audit, believe me, it is a humbling experience, and the ramifications for INTENTIONAL tax evasion can be very significant, as an automatic gross misdemeanor (i.e. Felony). I believe:

• Physical gold and silver investments are subject to capital gains tax, calculated based on the difference between the price you paid and the price you sold it for.
• The Internal Revenue Service (IRS) classifies gold and silver as collectibles. Hence, they are taxed at a maximum rate of 28% on long-term capital gains.
• If the gold or silver is yours for less than a year, any gains are taxed as ordinary income, which is often higher than the long-term capital gains rate.

 

Guide to State sales taxes on gold and silver bullion:

https://www.moneymetals.com/resources/sound-money-index

 

Great read, thanks for the info