Money & Economics
- Thread starter bigredfish
- Start date
What a way to run the world. First we trade in our gold for silver.
Then they trade in our silver for worthless paper dollars.
Now they want us to trade in worthless paper dollars for fictional electronic vapor ware!
Then they trade in our silver for worthless paper dollars.
Now they want us to trade in worthless paper dollars for fictional electronic vapor ware!
bigredfish
Known around here
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver
Signed Into Law: Alabama Abolishes Income Taxes On Gold and Silver | ZeroHedge
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www.zerohedge.com
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
Enactment of Senate Bill 297 makes Alabama the 13th state in the nation that does not impose capital gains taxes on sales of gold and silver.
Under the new law’s provisions, any profits or losses arising from the sale of precious metals, as reported on federal tax returns, will be excluded from the calculation of an Alabama taxpayer's adjusted gross income (AGI). This measure effectively shields individuals from punitive taxation on transactions involving constitutional forms of currency.
........ Additionally, U.S. Congressman Alex Mooney (R-WV) re-introduced the Monetary Metals Tax Neutrality Act last week to eliminate the federal capital gains tax on all gold and silver coins and bullion.