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Could Taxation Of Gold & Silver End Soon?

hernancortes

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#2
If this goes through it would really put the penny and nickel hoarders (should they ever be even allowed to cash in) at a disadvantage to PM holders.
 

Ragnarok

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#3
No tax on gold and silver is the way it always should have been, and always should be.

R.
 

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Mother Lode Found
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#4
WOW! H.R.6790 Bill to End Taxation of Gold and Silver
TruthNeverTold


Published on Sep 14, 2018
 

the_shootist

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#5
I've never been taxed on any gold and silver. Is this a state thing?
 

Ragnarok

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#6
The bill is about eliminating federa taxable “gains” from the sale of gold or silver, not state.

R.
 

Someone_else

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#7
Aside from the taxes (as ordinary income), the reporting requirement should also be a plus.
 

searcher

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#8
Should Gold & Silver Investing Be Tax Free? Mike Maloney On H.R. 6790
GoldSilver (w/ Mike Maloney)


Published on Sep 18, 2018
Imagine walking into a bank and trying to exchange two $10 bills for a $20 bill.
The teller takes your money and returns $19 in bills along with a few pennies, while noting the puzzled look on your face.
“Sorry…taxes, you know.”
You’d be outraged. What could be more ridiculous than being charged tax for exchanging US legal tender for US legal tender? Yet this is the day-in, day-out reality of purchasing US-Mint-issued gold and silver coinage with US-Fed-issued dollars.
Join Mike Maloney as he explores exciting new legislation that is set to challenge this senseless and archaic penalty on real money.
If you enjoyed watching this video, be sure to pick up a free copy of Mike's bestselling book, Guide to Investing in Gold & Silver: https://goldsilver.com/buy-online/inv...
 

searcher

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#9
Silver Gold Sales Tax by US States | ICTA, Jimmy Hayes
SilverDoctors


Published on Mar 15, 2019
FREE 1 oz Silver when You Buy 19 ozhttps://SDBullion.com/deals
Podcast - http://www.SilverDoctors.com/precious... In 2019, if you are a retail bullion dealer or conduit for any online bullion sales of any sort, you’d better be collecting applicable state sales taxes now or save a war chest perhaps risking the moment some state representatives come knocking at your door asking for their cut of their state's sales revenue.

US Supreme Court Ruling summer 2018 that brought this about:
https://SDBullion.com/blog/what-onlin...

Some additional info on bullion and other item state sales taxes ongoing: https://SDBullion.com/sales-tax

Of course, this adds not just complexity but costs for anyone seeking to comply and not break any of the seemingly exponentially growing laws of the land.

Moving onwards to our guest this week.

His name is Mr. Jimmy Hayes, he recently became the Executive Director of the Industry Council for Tangible Assets.

Often known by its abbreviation IC-TA, the Industry Council for Tangible Assets (ICTA) is a 501(c)(6) nonprofit association dedicated to the rare coins, paper money, and precious metals industry now for over 30 years.

ITCA's website is here: https://www.ICTAonline.org

ICTA exists to promote and safeguard the interests of its members, serving as the industry watchdog to maintain an appropriate and favorable legislative and regulatory climate in the U.S.A. and all 50 states. The association provides a medium through which its members may confer, consult, cooperate with, and educate government and its agencies to achieve solutions to problems affecting their businesses.

The following discussion is between myself and Jimmy Hayes the current Executive Director of ICTA. As you will be able to tell quite quickly, Mr. Hayes is an experienced and sharp long time practicing financial lawyer, a former 10 year US Congressman, and co-author of the current Louisiana banking code.

Jimmy was gracious in taking time to give us his thoughts on this state tax law matter, and so here is our discussion from yesterday.

FULL SHOW Notes & Informational Backlinks:
https://SDBullion.com/blog/gold-sales...

#GoldSalesTax #SilverSaleTax #OnlineSalesTax
 

searcher

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#10
Gold And Silver Should NOT Be Taxed!
SalivateMetal


Published on Apr 1, 2019
 

searcher

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#11
The Absurdity of Taxes on Precious Metals
Silver Fortune


Published on May 9, 2019
Ohio, the latest state to try and tax precious metals (again)