by Allen Rowe

Back to: News
December 15, 2012
Follow News

Gross receipts tax gross for coins in Nevada

There is a storm brewing out there and it could be a nasty one. Recently there has been a push for a gross receipts tax (the tax for education). This tax could essentially end the entire industry of numismatics and bullion here in Nevada. First let us get one thing clear. There are a number of media outlets that have been calling this a tax on business profits, but it is much different than that. A gross receipts tax is a tax on the total amount sold regardless of profit. In low-margin businesses this means a tax nearly equal to …

Explore Related Articles

Trending in: News

The Nevada Appeal Updated Dec 15, 2012 08:49PM Published Dec 15, 2012 08:49PM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.