Bullion Sales Tax in Hawaii
Hawaii located in the Pacific Ocean and was the last state to join the United States. It is the only state composed entirely out of islands along with being the only U.S. state being located outside of North America. It is the 8th smallest states at 10,931square miles and the 40th most populated (but 13th most densely populated) with over 1.42 million residents.
Bullion Sales Tax in Hawaii
Hawaii does not collect sales tax, but instead a general excise tax. This is owed from the seller, versus the purchaser. Although purchasers don’t pay a tax, the amount the seller has to pay is usually factored into the price of the items. Therefore you will end up paying anywhere between 4%-4.5% on top of the normal price of any item you buy, including bullion.