does your local coin store charge sales tax on metals?

[brian0918]

This site has a breakdown by state, as of April 2011

http://thecoinologist.com/sales-tax-sta ... breakdown/

[Sheikh_yer_Bu'Tay]

I live in a state with a sales tax on PMS, but the LCS either builds it into the price or doesn't charge it. When he names a price on something, it's the out the door price.

For men there's always been a survival tax on pre-menstrual syndrome.

Usually they quote the out-the-door price and pay the tax themselves. They ALWAYS want cash and you have to ask for a receipt, they don't volunteer one.

Last week, my LCS was asking $5.00 over spot for ASEs AND charges sales tax. The tax is 8.517% for Tulsa. You still have to ask for a receipt. At the time I was in the store, that made their price for an ASE right at $40.

[joemac]

I think the real question here, or the underlying question is if PM's are real money why is sales tax charged on real money if you are just exchanging money for money. The extenuation of this is that if PM's are real money, what the hell is fiat then? Seems like a conflict of interest for the states to say that there is no tax on PM's or that PM's are money. Although, this is changing in a few states like Utah and a couple others.

Anyway, I read an article about this from a dealer in Tennessee I think. He had a huge, drawn out court battle about this very thing. I'll see if I can find the article. What he went through to prove his point is uncanny.

Found it; Franklin Sanders on his Moneychangers website http://the-moneychanger.com/answers/the ... _mid_south

[Bigsarge]

In WI, we have to pay sales tax. The guy at my regular CS says that he loses some business to Illinois, as they don't charge a tax and were basically 5 minutes from the Il. border. When I first started buying there, he charged me tax a few times. As I became a regular, that only pays in cash, I get the cash discount, that just happens to be the same amount as the tax would of been. Other LCS havn't offered the 'discount' to me.