Buy silver in Illinois

illinoisIllinois is considered to be a microcosm of the U.S. It has all that a state needs to flourish, including coal, petroleum and many other natural resources. The port of Chicago adds a huge cash injection to the GDP of the state and there is also a flourishing agriculture industry.

Its economy is booming and it is growing in industries such as biofuels, nuclear power plants, and wind energy. It also has a number of places to visit and parks to enjoy for tourists, which is why so many of them flock to this state every year.

Taxes on silver sales

There is a sales tax in Illinois. This tax is applied to each sale and represents 6.25% of the price. There are some additional local sales taxes required by cities or/and counties, with the total amount varying between 6.25% and 10%. There is a tax exemption if you buy silver coins and bullion with metal purity equal to or higher than 0.980.

Visit this link for more information on sales tax in Illinois: http://tax.illinois.gov/publications/bulletins/1985/FY85-33.PDF