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  1. #1
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    US State Clears Precious Metals from Taxation

    "By an overwhelming 56-13 margin, the Idaho House of Representatives today voted to end all Idaho taxation on precious metals, e.g. gold and silver coins and bars. Bill sponsor Representative Mike Moyle (R) and the entire Republican caucus voted for the measure. If the Republican-controlled Idaho Senate follows suit and Governor Butch Otter (R) signs the bill, Idaho citizens will better be able to use gold and silver as a form of savings which protects against ongoing devaluation of America’s currency.
    Backed by the Sound Money Defense League, Idaho Freedom Foundation, Money Metals Exchange, and grassroots activists, HB 206 expands Idaho’s existing sales tax exemption to end Idaho income taxation of sales of “precious metals bullion” and “monetized bullion.

    Legislators in Utah and Oklahoma have already enacted similar income tax measures and Arizona may enact its own version of HB206 in the new few weeks. Other states such as Tennessee, Maine, and Alabama are working to remove precious metals from the sales tax – just like Idaho and over 20 states have already done"

    Idaho House Votes Overwhelmingly To End Income Taxation Of Precious Metals | Zero Hedge

    https://legislature.idaho.gov/wp-con...tion/H0206.pdf

    House prices in Idaho set to soar.
    A tray full of GOLD is not worth a moment in time.

  2. #2
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    That's exciting news, isn't it?

  3. #3
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    But would any increase in value attract capital gains tax?

  4. #4
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    what about Federal Tax ?

  5. #5
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    Quote Originally Posted by Dragonfly View Post
    what about Federal Tax ?
    What about it?

    Does this nailbiting story make any reference to it?

  6. #6
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    It may be news to some poor amerisatni whose home is in one of the states that have taken this route. It might even allow them to return.

    Unfortunately my knowledge of the Federal and State Taxation systems are legendary.

    Not.

    I was hoping another may be wanting to clarify, if any are interested of course.
    Others may choose to destroy a poor child's emotional well being if they wish to be really, really mean.

  7. #7
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    Quote Originally Posted by OhOh View Post
    It may be news to some poor amerisatni whose home is in one of the states that have taken this route. It might even allow them to return.

    Unfortunately my knowledge of the Federal and State Taxation systems are legendary.

    Not.

    I was hoping another may be wanting to clarify, if any are interested of course.
    Others may choose to destroy a poor child's emotional well being if they wish to be really, really mean.
    Yeah Rick, Right On!

  8. #8
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    ^^ Wh...wha...what?
    What did that mean?

  9. #9
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    Quote Originally Posted by Maanaam View Post
    ^^ Wh...wha...what?
    What did that mean?
    Ameristan! Yeah, right on! I'm going to use that word ALL the time now!




  10. #10
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    ^Thanks, 1 gm of gold per usage.

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