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Online Dealers starting to collect California Sales Tax
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<p>[QUOTE="myownprivy, post: 3480598, member: 84588"]That's a California matter. Bullion should never be subject to sales tax. Taxing bullion is a unfair policy since no other form of investment has a sales tax. Bullion is now taxed upfront with a sales tax and at the end with a capital gains tax. It's completely unfair and discriminatory. But, this is a matter for California residents to fight. JMBullion is simply following the law after the Wayfair decision. </p><p><br /></p><p>If California exempts bullion from sales tax when the value of a single transaction is at least $1500, then wait to purchase $1500 at a time. Simple as that. I believe that's a somewhat logical piece of California's law to treat $1500+ purchases as nontaxable. Essentially it implies that a person spending that amount of money must be doing so to invest rather than collect. At least the law isn't 100% crazy.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3480598, member: 84588"]That's a California matter. Bullion should never be subject to sales tax. Taxing bullion is a unfair policy since no other form of investment has a sales tax. Bullion is now taxed upfront with a sales tax and at the end with a capital gains tax. It's completely unfair and discriminatory. But, this is a matter for California residents to fight. JMBullion is simply following the law after the Wayfair decision. If California exempts bullion from sales tax when the value of a single transaction is at least $1500, then wait to purchase $1500 at a time. Simple as that. I believe that's a somewhat logical piece of California's law to treat $1500+ purchases as nontaxable. Essentially it implies that a person spending that amount of money must be doing so to invest rather than collect. At least the law isn't 100% crazy.[/QUOTE]
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