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[FONT=Arial, Helvetica]selling a silver Eagle or inexpensive collector coin on eBay could require dealing with state tax collectors thousands of miles away." [/FONT]
It’s potentially one of the bigger – but least publicized – issues involving the purchase of precious metals, rare coins and every other item sold by mail order. In the political world’s never-ending quest for more money, Congress is giving serious consideration to forcing merchants to collect sales tax from every customer regardless of where they reside.
The U.S. Senate recently passed the Marketplace Place Fairness Act of 2013, which would force sellers to collect and remit taxes to hundreds of states and other governmental units. A largely identical version has been sent to the House of Representatives where the bill is known as HR 684.
Taxing Coin Sales: A Bureaucratic Nightmare In The Making? | CoinWeek
It’s potentially one of the bigger – but least publicized – issues involving the purchase of precious metals, rare coins and every other item sold by mail order. In the political world’s never-ending quest for more money, Congress is giving serious consideration to forcing merchants to collect sales tax from every customer regardless of where they reside.
The U.S. Senate recently passed the Marketplace Place Fairness Act of 2013, which would force sellers to collect and remit taxes to hundreds of states and other governmental units. A largely identical version has been sent to the House of Representatives where the bill is known as HR 684.
Taxing Coin Sales: A Bureaucratic Nightmare In The Making? | CoinWeek
