Discussion in 'Coin Chat' started by cpm9ball, Jun 1, 2011.
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Oh, and yes.....if I do buy at a local dealer I do get zonked with the tax.......
I am going up there later this year, and want to shop some dealers.
If they charge tax, I'll just skip it.
I refuse to pay taxes on what is already money.
You could ship your Ha.com wins to me...
Wouldn't the government make more money taxing the non-electric car drivers? It would also encourage more people to get an electric or hybrid car.
I know this topic is about the US, and I am not familiar with how it is done there. But where I live, there is a difference between money that you get at face (no VAT) and other money. With gold coins it depends.
Thanks for bringing the oversight to my attention. I had my horse blinders on and was thinking only in the terms as it applies to bullion coins like gold and silver eagles.
I believe the same holds true for France. I occasionally make purchases from the French Mint. If anyone within the Economic Union orders from them, there is a Valued Added Tax (VAT) where there is no VAT for orders outside of the EU.
The problem is most states get a large portion of their road repair money for the tax on gasoline and that tax is a set amount per gallon. Higher gas prices means people are buying fewer gallons. Higher mileage vehicles mean fewer gallons. Electric cars means NO gallons. All of that adds up to less money available for road repair. So some states are looking at switching to a mileage tax to increase revenue from the fuel efficient cars and the electrics. Typical government, on one hand they encourage a course of action, and then they penalize you if you take that course.
Like the Waterboy's mother says: VAT is the DEVIL!
Taxes on taxes... we can never let that happen here.
Texas John, thats a very coll avatar. Will you reply with some information about it? I've got to get one of those.
Even the air we breath is taxed.
And here's a more recent (2011) article trying to break it down by state:http://thecoinologist.com/sales-tax-state-by-state-breakdown/
I believe that David Bowers Guide to Collecting and Investing in Rare Coins has a grid that breaks it down by state.
Many state sales tax codes allow for city and county sales tax charges. A lot of these state codes cap the city and county tax at a specific gross transaction amount. In other words - say you buy 2 ounces of gold for $3100.00 and the city county cap is $1500.00. You owe state, county, city sales tax on the 1st $1500.00 of the sale and just state sales tax on the additional $1600.00 of the sale.
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