How To Avoid Paying the Sales Tax When Buying Diamonds

By Luka Young

Has that title led you to believe that I am about to help you break the law? Teach you how to dress up as a thief, what props to use and how to scare the staff into giving you the diamond you want free of charge? Well, well, silly you…that’s called theft and that’s definitely not something I would encourage. Anyway, why would you risk it like this when there is an easier solution?

Let me be perfectly honest from the start. Anyone who is at least a bit familiar with how sales tax works knows that there is practically no way around it. You might not even be aware of its existence, but one thing is for sure – you are paying it. How can that be possible, you wonder? I’ll tell you how.

What Is The Sales Tax?

Unsurprisingly, the above information may come as a shock to you. Why? Well, simply because everyone likes to know what they are paying for. Realizing that there might be a hidden cost somewhere makes you feel kind of betrayed, doesn’t it?

But, here’s the catch. This cost is not hidden at all. The fact that you were unaware of it simply speaks of your lack of knowledge when it comes to the law and taxes. So, before you start blaming anyone, make sure to get your facts straight. Nobody can always be in the right. And this time, you are definitely not.

Don’t panic just yet. I am here to help you understand this and I will put it as straightforward as possible. A sales tax is an amount of money added to the cost of a certain product or a service when consumers purchase it at a retail location. Consequently, consumers pay both the state and the sales tax rate whenever they make a purchase.

Find more info here: https://en.wikipedia.org/wiki/Sales_tax 

The amount paid is calculated as a percentage from a specific purchase and it can vary from state to state. It is often already included in the price, which is why you wouldn’t be aware of paying it. I hope I have made this as clear as possible, so you are less shocked now than you were in the beginning of the story.

What Does It Have To Do With Diamonds?

Now, the title of this article has a little something hidden in it, doesn’t it? If you remember, I have started the story with mentioning some jewelry. And then, I have swiftly shifted focus to taxes. Well, I promise that it does get more interesting than taxes. In fact, we are now going to talk about diamonds! Isn’t that a thrilling topic?

However, don’t get too excited too soon. We still have to touch on the topic of the law and the taxes. Nevertheless, we are getting to the both useful and amusing part. Remember how I mentioned a little something about avoiding the sales tax? And remember how I also mentioned that was impossible? Well, is it really?

Given the fact that diamonds are already very expensive, we must get a little bit discouraged upon hearing about this additional cost. However justified the price of this very piece of jewelry is, this extra expense we need to pay is rather disheartening and often defies our sense of logic. Of course, we definitely won’t give up on our favorite jewelry and we won’t stop loving diamonds because of this. Read this.

And yet, what can we do in order to cut the costs at least a little bit? Unlike everything we believe in when it comes to the sales tax, and contrary to what I have said above regarding the necessity to pay it, this tax can very well be avoided, and legally. What’s that? You are finding it hard to believe this?

Of course, there is a catch. There is always a catch, isn’t it? If you want to avoid this expense, you need to find yourself an online only diamond seller. In other words, find someone who doesn’t have a physical store. Plus, this might not work with just any online store out there, so you should get properly informed with the specific seller about this possibility and its terms and conditions.