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<p>[QUOTE=&quot;umtrr-author, post: 147978, member: 5719&quot;]Here in New York State, not only are coins and bullion taxed, but there is a line on the State Income Tax that you are expected to complete to declare the sales tax on purchases made outside the state (or county, I will get to that) on which you did not pay tax.</p><p><br /></p><p>Example: You buy $100 in books on Amazon.com.&nbsp; They do not charge tax.&nbsp; You should have paid 8% tax, so you declare the $8 on your income tax and pay up.&nbsp;&nbsp; You have to attest to NOT doing this if you don&#039;t fill in that line with something, or insist that you owe ZERO.&nbsp; And you have to print ZERO in big block letters so the computers and auditors can see it easily.</p><p><br /></p><p>There is a handy chart to use if you don&#039;t remember how much you bought on eBay et al.&nbsp; What absolutely galls me is that if you have no income at all you are still expected to fork over $5 for this.&nbsp; Excuse me?&nbsp; <b>No income</b>, and yet you spent enough money out of state to owe $5 in sales tax?&nbsp; </p><p><br /></p><p>What I am afraid of is the precedent it sets.&nbsp; Once people get used to this, there&#039;s no telling what the legislature will do to close budget gaps with this line item.&nbsp; &quot;Well, we &#039;benchmarked&#039; and Amazon.com says that the average person spends $10K a year on the net, so we&#039;ll assume you owe us another $800 a year.&quot; </p><p><br /></p><p>It gets even more ridiculous.&nbsp; If you bought <b>out of <i>county</i></b>- that is, if your county has an 8% sales tax, and you bought an appliance at Bait and Switch Electronics in the next county, which has a 7% sales tax, you are expected to declare and report the difference!&nbsp;&nbsp; Right, I can certainly see 100% compliance to that, and if you believe me, I have some MS-250 cents, gem mirror blast ultra cameo proof slabbed, that I&#039;m sure you&#039;d be interested in. </p><p><br /></p><p>I don&#039;t care about sales tax so much for stuff for Thalia, but on a Buffalo gold you&#039;re looking at an additional $56 on a $700 price tag.&nbsp; Instant competitive disadvantage... oops, I forgot, I was supposed to declare that I went over the border to buy that.&nbsp; Now, for a dose of reality, how much would gold have to go up for you to get that 8% back and just &quot;break even&quot;? </p><p><br /></p><p>OK, I think I can calm down now.[/QUOTE]</p><p><br /></p>

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