OHIO TAX ON BULLION

[DSCoins]

@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

[Daniel]

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 I am just going to pay my taxes and do what I can to get it repealed.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.

[PetesPockets55]

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.