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 Replies: 9 / Views: 2,054 |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
United States
830 Posts |
I was all set to buy a 1/2oz gold eagle from APMEX but I found out they were going to charge me sales tax because I live in OK. That would add about $70 to the sale.  What's the next best place to buy from? |
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Valued Member
United States
152 Posts |
haha I got this quiz in my email and I just took it and it says I should invest more in gold hehe I only own about 3.5 oz
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Pillar of the Community
United States
931 Posts |
Blanchard is reliable and they ship your gold in US Mint packaging. They are out of New Orleans. The other day I spoke to one of their sales people and gold is shipping about ten days after your check clears. I trust them.
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Rest in Peace
 United States
9104 Posts |
GT -
You're really asking who will make it easiest to cheat on your taxes.
If you check OK law, I'm betting you owe $70 use tax if you buy it outside OK.
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Pillar of the Community
United States
4008 Posts |
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If you check OK law, I'm betting you owe $70 use tax if you buy it outside OK. - BiggFredd Yep, that's the way it works. I live in WA state and we also have a sales tax here... but NO income tax!  Anyway, my daughter's mother in law works for the local superior court. One of her friends works in the assessors office. The other day, a guy comes in and says that he just bought a new big screen TV in Oregon and could be pay the tax on that in this office. Turns out that he could... but some of those gals had worked there for 10+ years and this was the FIRST person to come in and volunteer to pay sales tax on an out of state purchase! I've lived here since 1971 and this is the only case I know of where someone actually paid the tax. |
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Pillar of the Community
United States
830 Posts |
Thanks for the Blanchard tip. I don't know why they tax coins anyway, I just consider it a currency trade. You wouldn't pay sales tax if you changed a $20 bill into 20 dollar coins would you?  Edited by GoThunder
05/28/2011 7:42 pm
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Rest in Peace
United States
9104 Posts |
More importantly, only the federal government has the right to issue and set the value of currency. A $1 is worth 5% less in a state with a 5% sales tax.
Even if that wasn't true, coins bought for investment should be exempt, just as you don't pay sales tax on securities.
We got the law changed in Ahia in 1980/1. They changed it back circa 2000.
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Pillar of the Community
United States
3670 Posts |
That was interesting. It said I should invest heavily in pm's no surprise as I figured it would....
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Pillar of the Community
United States
4008 Posts |
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...coins bought for investment should be exempt, just as you don't pay sales tax on securities. Would any of us be surprised to discover that the current regime in DC was working on that little oversight?  |
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Replies: 9 / Views: 2,054 |
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Posted 05/28/2011 5:29 pm
