The name Ohio lends its meaning from what is called ‘great river’ when loosely translated into English. It is also known as the ‘Buckeye State’ for the Ohio buckeye tree. It is located in mid-western part of the US and is blessed with a humid continental climate.
As far as its economy is concerned it is considered to be the country’s 7th largest economy. Its manufacturing sector happens to be 3rd largest in the US which manifests that the state has undergone a phenomenal economical growth over time. Moreover employment in this state has increased and its development is quite evident.
Taxes on silver sales in OH
There is a specific transactions sales tax rate in Ohio. This tax is applied for each sale and represents 5.75% of the price. There are some additional local sales tax required by cities or/and by the county, consequently the total sale tax amount varies between 6.75% and 8%.
No tax exemption for buying silver coins and bullion in this state.
For example, Cleveland sales tax rate is 8% vs 7,5% in Cincinatti.
More information on sales tax in Ohio: http://tax.illinois.gov/publications/bulletins/1985/FY85-33.PDF