[logic101.net]

Just wondering, are sales taxes collected on transactions with bitcoins?

[Errant]

It would depend upon your state, and if you are doing business with someone in your state. Most out of state online purchases, regardless of what is used to make the purchase, isn't taxed unless that business has a physical presence in the state. Some states even require you to itemize your "out-of-state" purchases and submit sales tax at the end of the year with your state income tax. :(

You have to know your state's law. Also, some states do not tax investments, are those over over a certain dollar amount, as it then becomes subject to capital gains tax (both state and federal). I'm no expert, so you have to research this for yourself or let your tax preparer know.