0
It depends on the seller. Buying directly from a store, there's a sales tax, same as if you were buying a pair of shoes (unless you live in one of the few US states that doesn't have a sales tax). Some online retailers however don't include sales tax. There is no overall special exemption on taxes for buying silver or other metals.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
Is there sales tax due when buying old coins above face value?
It depends on the State laws where the coin is sold.
Are new gold or silver coins taxable?
In general, new gold or silver coins are not taxable in most countries as they are considered legal tender. However, it's crucial to consult local tax laws, as regulations vary. Reputable dealers like JM Bullion, APMEX, SD Bullion, and BOLD Precious Metals can provide accurate information regarding any potential taxes related to your purchase. Always verify with the respective dealers and adhere to local tax guidelines to ensure compliance.
Does the tax free weekend include all clothing?
The store where you will buying the items will be able to tell you if the items qualify for some are all of the state tax free amount on the cost of the item. You could go to your state tax department website and see if they have a list of the qualifying items for the sales tax free days.
Why is there a face value on silver eagle coins?
Because if it has a face value, it is allowed to be considered legal tender. Legal tender coins generally have little to no sales tax and very few import restrictions. Had it simply been a silver medal or round, more jurisdictions could tax the sale of them and it would be harder to import them into other countries.
What is the value of a 1798 Draped Bust Large Cent with two tax marks?
Tax bites were not usually taken from copper coins -- usually the silver coins. So yours could be pretty rare. I suggest you check out the exonumia.com website and perhaps send pictures of your coin to them.
In their platform the populist included provisions for?
free silver, a progressive income tax, and eight hour day
What is better buying a ps2 online or at stores?
Online often is tax free so it can be only $100 including shipping.
Do you have to have a license to be a clothing buyer?
No, although if you're buying them for resale it's probably a good idea to get tax-free status.
Where can I find a free tax software if there are any?
Cheap or Free Tax Preparation Software Buying Guide but the software providers make the bulk of their profits on upgrades and you'll get If you're concerned about any of these issues, you probably won't be interested in
Which political party first introduced the ideas of a graduated income tax womens suffrage and the free coinage of silver?
the democrats
Does the buyer have to pay sales tax at the DMV when buying a used car from a private seller?
Not necessarily but some states require you do so. My son moved to NC with a free car and had to pay sales tax.
Is there a cheap IRS free tax software online?
In answer to your question about IRS free tax software, yes. You can find Turbo Tax free edition at www.turbotax.com/filing-tax-free. Also, Tax Act has free software.
