State Sales Tax ? - Coin Community Forum

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Author	Replies: 5 / Views: 838
djluster Pillar of the Community United States 1327 Posts	Posted 03/16/2006 7:40 pm I was just wondering do you have to pay a sales tax on the coins you buy. I live in Idaho and there is no sales tax on coins, there is sales tax on any supplies though. was just wondering do other states not pay sales tax on coins either. I use to live in Washington state but I don't remeber if we did there or not just wanted to see if you have to pay taxes on your coins. Report this Post to the Staff

dgoose50 Valued Member United States 79 Posts	Posted 03/16/2006 10:02 pm No sales tax in Missouri on coins but there used to be many years past. Report this Post to the Staff
CiScO Valued Member United States 458 Posts	Posted 03/17/2006 5:31 pm No sales tax in Florida for coins or any type of services (manual labor), medicine, food and a few other HUMANE type stuffies--BUT there is a sales tax on PARTS, SOAP, LAUNDRY STUFF, MATERIALS ETC--- Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 03/17/2006 6:55 pm N.C. pays tax on everything you buy no matter what it is Report this Post to the Staff
Heather the Hoarder Valued Member United States 123 Posts	Posted 03/17/2006 7:33 pm In Utah, there is no sales tax on coins. Other than that, there is a sales tax on everything (although the legislature just passed a bill to begin gradually phasing out the sales tax on unprepared food). The other state where I have bought coins locally - California - has a sales tax on coins. However, when I last bought coins there, they had an exemption for total purchases over $1000. I don't know if this exemption is still there; it has been a few years since I bought coins there. Heather Report this Post to the Staff
Morgan Fred Rest in Peace United States 2684 Posts	Posted 03/17/2006 8:42 pm Depends where you shop for coins. If one is in NY or AZ, one pays a sales tax on everything sold in a brick and mortar store. If buying from an online store, the trend is that a person buying from within the same state pays sales tax if the state collects sales taxes, but no sales tax if the buyer is from out of state. Same/same for ebay except if a seller is a fulltime dealer (or passes a certain threshold of income from ebay as determined by either/both the IRS or state), s/he may collect sales tax from others from the same state. For online sales, most determinations of Yes/No sales tax collection seems to be determined by the buyer's billing and/or shipping address. I'm not about to collect sales tax on ebay sales since I'm living in Arizona, but my legal address is in New York State and my basic income comes from the Federal Government; I'm not about to blow my ebay income on a tax lawyer. Taxing the internet and taxing ON the internet is a highly complicated, controversial, and politicized subject. Report this Post to the Staff
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