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Something to consider when buying GOLD
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<p>[QUOTE="mpcusa, post: 25223655, member: 26550"]When buying GOLD always check you LCS first, why is this important ? if you </p><p>buy online the taxes are ridiculous ! </p><p>for instance a 100 gram bar on eBay </p><p>will cost you an extra $563.71 in taxes !</p><p><br /></p><p>all states have there rules regarding taxes in my state ( Nevada ) does not </p><p>charge taxes of any kind when it comes </p><p>to GOLD bullion and coins so that’s a huge savings ! </p><p><br /></p><p>I also checked my favorite place to buy </p><p>Liberty coin galleries in California and </p><p>there tax rules are no tax on purchases </p><p>above $2,000 below that amount they </p><p>charge tax so something to consider.</p><p><br /></p><p>Also in my state at least, if you buy or </p><p>sell a kilo of GOLD bullion you will receive a 1099 tax form from your local </p><p>dealer and will be taxed on that amount </p><p>but this only applies to bars not coins such as buffalos and AGE,S.[/QUOTE]</p><p><br /></p>
[QUOTE="mpcusa, post: 25223655, member: 26550"]When buying GOLD always check you LCS first, why is this important ? if you buy online the taxes are ridiculous ! for instance a 100 gram bar on eBay will cost you an extra $563.71 in taxes ! all states have there rules regarding taxes in my state ( Nevada ) does not charge taxes of any kind when it comes to GOLD bullion and coins so that’s a huge savings ! I also checked my favorite place to buy Liberty coin galleries in California and there tax rules are no tax on purchases above $2,000 below that amount they charge tax so something to consider. Also in my state at least, if you buy or sell a kilo of GOLD bullion you will receive a 1099 tax form from your local dealer and will be taxed on that amount but this only applies to bars not coins such as buffalos and AGE,S.[/QUOTE]
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Something to consider when buying GOLD
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