Buy silver in Oklahoma

oklahomaOklahoma is a state of the United States that is positioned in the south central part of the country. It gets its name from Choctaw, a Native American language which means ‘red people.’ Its economy is dependent on natural gas, food processing, electronics, agriculture, energy, aviation, biotechnology and telecommunications.

Although this state was inhabited by the Native Americans before the coming of the European settlers, yet today one may find people of all ethnicity in this state. Like Hispanic, Afro Americans, Asians and Native Americans all can be found peacefully cohabiting in this state these days. It is quite interesting to know that the people of this state are casually called “Okies!”

Taxes on silver sales

There is a specific transactions sales tax rate in Oklahoma as in Texas. This tax is applied for each sale and represents 4.5% 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 4.5% and 11%.

In this state, there is a unique case of tax-exemption for buying silver bullion bullion. In this case, you should buy a bullion and store it in reserved depository , if not you will have to pay the sale tax.

More information on sales tax : http://www.ok.gov/tax/All_Taxes/Sales_&_Use_Tax/index.html