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<p>[QUOTE="Conder101, post: 663095, member: 66"]Not really because Kentucky charges sales tax on coins as well.</p><p><br /></p><p><br /></p><p>Inventory tax and sales tax are not the same thing In theory YOU pay inventory tax on items you didn't sell, and you are supposed to collect sales tax from the BUYERS on the items you do sell. The problem is so many collectors refuse to pay the sales tax that the shop owners have to pay it out of their own pocket.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 663095, member: 66"]Not really because Kentucky charges sales tax on coins as well. Inventory tax and sales tax are not the same thing In theory YOU pay inventory tax on items you didn't sell, and you are supposed to collect sales tax from the BUYERS on the items you do sell. The problem is so many collectors refuse to pay the sales tax that the shop owners have to pay it out of their own pocket.[/QUOTE]
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