TAXES ON RING

[WIDSMI]

I am about the buy a diamond/Engagement Ring from a store in NC.. I live in GA... They sales lady told me she could cut the cost a little by me not paying the taxes on the ring since I live in a different state... NC is 8.25... Ga is 8 %......... How does this work?

 

[stone-cold11]

http://journal.pricescope.com/Articles/82/1/The-Internet-and-Sales-Tax---A-Free-Ride-or-Not.aspx

 

[WIDSMI]

Thanks....... That should do it

 

[denverappraiser]

Here's what the state of North Carolina has to say about it. They don't seem to address the situation where taxes have been paid to another jurisdiction at a different, presumably lower, rate although this may be discussed elsewhere in the rules.


Neil Beaty
GG(GIA) ICGA(AGS) NAJA
Professional Appraisals in Denver

 

[Modified Brilliant]

DISCLAIMER:
Neil is not a real tax professional he just plays one on Pricescope

Just kidding Neil...you're a cornucopia of knowledge.