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Digital Subscriptions > COINage > April 2019 > A NEW TAX ON YOUR RETIREMENT COINS

A NEW TAX ON YOUR RETIREMENT COINS

COINAGE EXCLUSIVE

Prior to the Supreme Court decision in South Dakota v. Wayfair, no thought was given about sales taxes imposed upon any of the investments allowed to be placed into an IRA. The Wayfair Court ruled in a five to four decision that “physical presence was not necessary” in order to expose out of state, remote sellers to state laws requiring them to collect and remit sales taxes to the buyer’s state. Unfortunately, states interpreted the Court’s ruling to mean “you can tax anyone anywhere who sells anything.”

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