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indiana becomes a sales tax free bullion state

Discussion in 'Gold Silver (All things Metal)' started by Rusty Shackelford, Aug 22, 2017.



  1. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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  2. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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  3. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    sales tax? What's that????? :banana:
     
  4. louky

    louky Silver Member Silver Miner

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  5. SongSungAU

    SongSungAU Midas Member Midas Member

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    JM Bullion should have put a date on that post because it's old and no longer accurate.

    The Indiana bit isn't the only inaccurate part. It also says no sale tax on precious metals in Texas IF:
    Texas (when the value of the coins and precious metals exceeds $1,000)

    That used to be true (back in 2013). There is no sales tax on precious metals purchases in Texas (hasn't been since October 2013).

    https://blog.providentmetals.com/ma...s-eliminates-sales-tax-on-precious-metals.htm
     
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  6. louky

    louky Silver Member Silver Miner

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  7. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    Lousy, I was gonna say the same thing. Home page is incorrect but clicking the link takes you to updated page.
     
  8. SongSungAU

    SongSungAU Midas Member Midas Member

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  9. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    It has been a while ago but I was in Indiana on a day trip buying '70's silver art bars at a couple of coin shops in Indiana (Evansville, IN and Clarksville, IN). I do not remember paying an Indiana sales tax but I suspect that it was factored in the premium that I paid during that time.

    I wish that Tennessee will become a sales tax free bullion state but I am not going to hold my breath on that. All I have to say is...........Thank goodness for Georgia (a sales tax free bullion state) if they have '70's silver art bars for sale.
     
  10. Buck

    Buck Fabian Society Gold Chaser

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    Collecting any sales tax over State Lines should be a criminal act and not subject to any IRS or ICC Regulations.

    Winner is USPS, UPS, FedEx, etc, delivery companies

    Spread the wealth through commerce

    that was easy!

    Besides, how do I ever know if the collector of that "state tax" ever reports any of it?
    I do feel cheated when I pay tax when buying crap on line, this is our environment, it was opened up for us to use
    blah blah blah, im just whining now
    anyway

    that hurt, ouch
     
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  11. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    Knowing my corrupt state (NY) they'd institute a local delivery tax charged per package.
     
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  12. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Good to know about Indiana, close enough for a road trip.
    Here in Kentucky they charge sales tax, the movement to change that has no momentum and the political people from the bottom up don't know the issue or that there is a movement to get rid of it.
     
  13. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    Art.....never collected sales tax at any show I have been to either. But the guys running brick and mortar stores had to. This is of major import to me. While I sat i high school chem class I could look out the window and see the parking lot to Silvertowne. I actually worked for Silvertowne Farms in high school. Mom and dad live 6 miles from the showroom. Awesome to have that in my backyard, but up till now, the 7% tax made them a no go. That changes now.
     
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  14. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I usually do not travel outside the Southeast TN/North GA/ Northeast AL regional area but I have occasionally traveled outside that area and bought '70's silver art bars during coin shop stops in Indiana and in Kentucky (Paducah and Louisville only). The sales tax rates in KY and Indiana (before Indiana became sales tax free) are lower than the 9.75% that TN currently charges.

    The B&M coin shops in TN have to collect the sales tax (coin shows are exempt) and the TN sales tax in my area is 9.75%. Maybe one day Tennessee will decide become a sale tax free bullion state but until then...................I have Georgia on my mind.

    EDIT: I have never been to Silvertowne. Perhaps one day I will go there.
     

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