@Daniel
I have a question for you regarding the Ohio bullion tax. On the silver side (not sure about gold) the Mint produces a bullion ASE each year in which only certain dealers are allowed to buy and then sells them to small dealers or other third party individuals, yet they still have all the requirements for legal tender and can be used as such. Now the part that has me some what confused. Every coin that the USMint has ever struck and issued into public hands (no matter the date) are still considered legal tender and can still be used to purchase items at the face value of the coin. As just about any one knows the coin must contain, a year, a date of issue, LIBERTY, United States OF America and a value (one cent, Quarter dollar etc..etc). Not sure when E * PLURIBUS * UMUMS and IN God WE TRUST were required on the coin. I guess what I'm asking is, how can any State tax some thing that is considered legal tender and can still used to make purchases? What next, besides state sales tax; are they going to put a tax strictly on the bills or coins that you used to make the purchase? I guess they need the money more than you do. I also wonder if when selling these items, if there isn't some way to show that you used them to purchase some thing at face value?
Thanks
DScoins
OHIO TAX ON BULLION
Moderator: Daniel
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
5. Do not send private messages about your coin unless an Admin ask you too and the same for sending emails through the board.
6. No spam. Do not post any links to your coin or other non-coin websites.
7. Always be respectful even if something makes you upset or you don’t agree with a member. You can always get a second opinion elsewhere. If you have an issue then politely ask an admin in an PM. PM’s are for issues, technical and personal, but not for coin questions (refer to number 5 on this list). Our community is not a soap box for complaining or drama, so please refrain from doing so here.[/size]
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OHIO TAX ON BULLION
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Re: OHIO TAX ON BULLION
You're asking the wrong man but I know it doesn't work this way. I am just going to pay my taxes and do what I can to get it repealed. I am not even going to try and play games with definitions and perspectives. Good way to be buried in tax debt.
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Re: OHIO TAX ON BULLION
Florida doesn't have sales tax on money including numismatic items.
Three different auctions I won locally didn't charge the sales tax. It's a shame they have decided to do it there.
Three different auctions I won locally didn't charge the sales tax. It's a shame they have decided to do it there.
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