03-17-2022 12:27 PM
ebay appears to be engaging in tax fraud ...in some offerings, I have seen taxes attached to purchases of us coinage....there is no tax on purchases of us coinage in the state of florida...i am curious to hear of ebays explanation for this illeagal activity....
03-17-2022 01:01 PM - edited 03-17-2022 01:02 PM
I had a difficult time locating information on the Florida tax page, but according to other online sites, Florida appears to have these tax conditions:
https://www.bgasc.com/florida-sales-tax-gold-silver-bullion-coins
Florida sales tax will not be charged for any U.S. legal currency coin, nor will it be charged for any Gold, Silver, Platinum, or Palladium bullion items including non-U.S. coins if the total amount of a single sales transaction for these items is greater than $500.
The state of Florida requires the collection of sales taxes ... on (1) copper products; (2) accessory items; (3) processed items; and (4) Gold, Silver, Platinum or Palladium bullion items or non-U.S. Coins if the total sales invoice is less than or equal to $500.
Slabbed coins are considered "processed" items in some states.
03-19-2022 12:03 PM
that is exactly what I said....now explain to me why ebay is charging the tax...
03-19-2022 12:08 PM
Florida has just recently change the law, coin or currency any part is greater than the face value is taxable.
03-19-2022 05:43 PM - edited 03-19-2022 05:45 PM
@jfra8480 wrote:that is exactly what I said....now explain to me why ebay is charging the tax...
The law has only changed recently ... and online sales may be different from in-person sales.
Why don't you contact the AG's office (as you mentioned in another thread) and ask whether ALL coins purchased online are exempt from tax.
If they are all exempt ... then you'll be a hero, as you can alert the AG's office to the problem, and they can take action to set eBay straight.
If they aren't all exempt ... then you can get the true facts from a source you trust ... (instead of the eBay Community).
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