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<p>[QUOTE="satootoko, post: 227499, member: 669"]Congratulations Aidan - you've actually made a statement about US law which is only about 90% wrong. Your "understanding" is seriously flawed.</p><p><br /></p><p>There is no federal sales tax in the United States. There is nothing comparable to your GST in the United States. The federal government does not collect any taxes upon the general sale of goods in the United States.</p><p><br /></p><p>California, and <u>almost</u> all other states do have sales taxes, which vary greatly both in their percentage of sale price, and what goods they apply to.</p><p><br /></p><p>In California, and virtually all, if not all, of the other sales tax states the tax applies if the sale is made, and the purchaser takes possession of the goods, in the state. YOU would pay California sales tax if you visited us, and made a purchase in one of our stores. </p><p><br /></p><p>Sellers need not collect sales tax when they ship goods out of state. I would pay no California sales tax if I ordered something from a local company and had it shipped to my daughter in Maryland or my son in Virginia.</p><p><br /></p><p>(Use taxes imposed by a person's state of residence are a whole different issue.)</p><p><br /></p><p>A California sale of coins might, or might not, be taxable. Bullion is not taxable, non-bullion is. The catch is that <u>for sales tax purposes</u> the California Revenue & Taxation Code defines "bullion" as coins or precious metals sold at an aggregate price of $1,000 or more in a single transaction. In other words, buy a single Krugerrand at a coin shop and pay sales tax; buy an 1834 Quarter Eagle, and pay no tax.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 227499, member: 669"]Congratulations Aidan - you've actually made a statement about US law which is only about 90% wrong. Your "understanding" is seriously flawed. There is no federal sales tax in the United States. There is nothing comparable to your GST in the United States. The federal government does not collect any taxes upon the general sale of goods in the United States. California, and [u]almost[/u] all other states do have sales taxes, which vary greatly both in their percentage of sale price, and what goods they apply to. In California, and virtually all, if not all, of the other sales tax states the tax applies if the sale is made, and the purchaser takes possession of the goods, in the state. YOU would pay California sales tax if you visited us, and made a purchase in one of our stores. Sellers need not collect sales tax when they ship goods out of state. I would pay no California sales tax if I ordered something from a local company and had it shipped to my daughter in Maryland or my son in Virginia. (Use taxes imposed by a person's state of residence are a whole different issue.) A California sale of coins might, or might not, be taxable. Bullion is not taxable, non-bullion is. The catch is that [u]for sales tax purposes[/u] the California Revenue & Taxation Code defines "bullion" as coins or precious metals sold at an aggregate price of $1,000 or more in a single transaction. In other words, buy a single Krugerrand at a coin shop and pay sales tax; buy an 1834 Quarter Eagle, and pay no tax.[/QUOTE]
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