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<p>[QUOTE="ddddd, post: 3974831, member: 22377"]<i>John Brush – President, DLRC</i></p><p><br /></p><p>“.... But the biggest challenge that I can foresee that really began this year was the added South Dakota versus Wayfair tax issue...”</p><p><br /></p><p><span style="color: #0000ff">That is something I agree with. I've already seen plenty of threads that people are buying less (particularly on eBay) now that tax is added. Adding in an extra 5%-10% for coins, especially bullion, can often turn a good deal into no sale. To make things even more complicated, eBay does not always correctly apply the tax. Some states have no sales tax on just bullion (or most coins), but the system automatically adds the tax. One person that mentioned this said he was able to get a refund from his state. It's good that his state does that, but I can foresee many collectors just scrapping a purchase rather than having to go through the process of paying tax, filling out forms, and then waiting for the money to be returned.</span>[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 3974831, member: 22377"][I]John Brush – President, DLRC[/I] “.... But the biggest challenge that I can foresee that really began this year was the added South Dakota versus Wayfair tax issue...” [COLOR=#0000ff]That is something I agree with. I've already seen plenty of threads that people are buying less (particularly on eBay) now that tax is added. Adding in an extra 5%-10% for coins, especially bullion, can often turn a good deal into no sale. To make things even more complicated, eBay does not always correctly apply the tax. Some states have no sales tax on just bullion (or most coins), but the system automatically adds the tax. One person that mentioned this said he was able to get a refund from his state. It's good that his state does that, but I can foresee many collectors just scrapping a purchase rather than having to go through the process of paying tax, filling out forms, and then waiting for the money to be returned.[/COLOR][/QUOTE]
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