Yikes, Maryland Setting A 6% Tax On Gold And Silver Bullion?

Maryland is run by crazies. They shutdown most powerplants and now people's electric bill is like 10x compared to a few years ago.

The people in the YT comments section pretty much spelled out the logical conclusion. Maryland is a small, thin state. Any business that is punished by their government can simply incorporate in Virginia, Delaware, Pennsylvania and escape the burden. No sensible person is going to pay a relatively large tax on bullion when you can buy it tax free a couple hours' drive in any direction. Honestly, sometimes it's like state governments don't understand how interstate commerce works.

Four states (Colorado, Florida, Louisiana and Ohio) have previously revoked or suspended coin and bullion tax exemptions for various reasons; however, all four states later reinstated the same or similar exemptions. In addition to Maryland, New York and Washington (and probably others) are looking at doing away with sales tax exemptions on bullion and/or coins.

I can understand a politician thinking that adding or reinstating a sales tax on bullion as "easy money" if you look at it in isolation. However, when states have eliminated or suspended these exemptions, total tax collections have generally declined from the losses in other areas such as businesses, hospitality sales, and economic activity.

Yes and no. Closest bullion dealer in Delaware is probably about 2 hours away from Golden Eagle in Laurel, Md (assuming there isn't a traffic snarl at the Bay Bridge). Depending upon the size of the purchase, a 6% tax might be an interesting trade-off to a 4 hour round trip for some folks.

I guess it would just depend upon how far the trip to an out-of-state bullion dealer is

Unless, you're the type that wants to see your bullion in-hand before your buy it. I would expect anyone who already buys their bullion on-line would already be buying from the lowest cost source, which Golden Eagle definitely is not.