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Oklahoma and Missouri set to eliminate capital gains tax on gold and silver, recognize them as legal tender

submitted by Spaceman84 to news 4 monthsDec 27, 2023 11:01:51 ago (+54/-0)     (oilprice.com)

https://oilprice.com/Metals/Gold/US-States-Make-Bold-Move-to-Reclassify-Gold-and-Silver.html



21 comments block

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[ - ] Clubberlang 5 points 4 monthsDec 27, 2023 19:02:56 ago (+5/-0)

Imagine if you asked a grocery clerk to break a $5 bill and he charged you a 35-cent tax. Silly, right?

Imagine paying off your house and land to own it outright only to be taxed again year after and if you don't pay it you'll find out you've never actually owned it. Silly, right?

[ - ] Leveraction 6 points 4 monthsDec 27, 2023 11:31:24 ago (+7/-1)

Good. If it's digital, it will be stolen. Its none of ANY gubbermont's business how much money/gold bars you have.
At least with physical gold, the fucking feds can't take it without a gun fight

[ - ] Monica -3 points 4 monthsDec 27, 2023 11:53:30 ago (+2/-5)

The government already confiscated gold. The argument that 'digital' can be stolen doesn't make sense.

https://theconversation.com/how-the-us-government-seized-all-citizens-gold-in-1930s-138467

It's like draining a concrete pool and then saying you should only buy concrete pools because any other pool can be drained.

[ - ] PearofAnguishJuniorManager 6 points 4 monthsDec 27, 2023 12:23:43 ago (+7/-1)

The pigs only got the gold that stupid people kept in a safety deposit box, even after the pigs publicized their intenions to confiscate.
They didn’t get my pawpaws gold. He buried it for 40 years.

[ - ] Tallest_Skil 5 points 4 monthsDec 27, 2023 11:53:22 ago (+6/-1)

Except the constitution already says only gold and silver are money, so they don’t need to be doing this fucking jewish bullshit.

[ - ] bonghits4jeebus 1 point 4 monthsDec 27, 2023 20:12:23 ago (+1/-0)

Didnt some people in Texas trade gold, and the US government came and seized it all?

[ - ] Prairie 0 points 4 monthsDec 28, 2023 03:28:51 ago (+0/-0)

[ - ] bonghits4jeebus 0 points 4 monthsDec 28, 2023 08:31:56 ago (+0/-0)

I read that. I guess as long as you don't make coins, you can barter what you want.

[ - ] FreeinTX 1 point 4 monthsDec 27, 2023 11:42:39 ago (+1/-0)

A 1 Oz gold coin has a face value of $40.

Legal tender? At what price?

And, I wasn't aware that there was a capital gains tax on gold. I've never had to report my gold holdings, buying or selling.

[ - ] PearofAnguishJuniorManager 3 points 4 monthsDec 27, 2023 19:31:06 ago (+3/-0)*

I’ve never reported. I believe the tracking of precious metal transfers is Patriot Act bs. I’ve been amassing a bit of gold and lot of junk silver for three decades. I have no idea what I paid, it fluctuates by the minute. I used to keep track, then stopped because I’m buying pre-64 silver dimes for collapse bartering, not to sell as an investment, so I don’t care about capitol gains. No one is going to be able to make change for an ounce of gold in a collapse situation. Get the silver dimes.
It’s fun, you never know what will come in a bag of junk silver. I’ve got lots of dimes that were circulating when Lincoln was alive.

[ - ] bonghits4jeebus 0 points 4 monthsDec 28, 2023 08:32:44 ago (+0/-0)

It’s fun, you never know what will come in a bag of junk silver. I’ve got lots of dimes that were circulating when Lincoln was alive.

Oh that's cool. I want some of that.

[ - ] Tallest_Skil 1 point 4 monthsDec 27, 2023 11:53:56 ago (+2/-1)

Rather, you’ve just never done it. Expect the IRS to arrest you for anything at any time.

[ - ] FreeinTX 2 points 4 monthsDec 27, 2023 12:07:56 ago (+2/-0)

If the IRS shows up to arrest me for anything, it won't be because I made a few bucks on gold.

[ - ] x0x7 0 points 4 monthsDec 27, 2023 19:14:37 ago (+0/-0)

Now we just need capital gains tax to be pegged to it instead of USD. That and get rid of this fifo crap.

[ - ] bonghits4jeebus 0 points 4 monthsDec 27, 2023 20:12:58 ago (+0/-0)

Do what now?

[ - ] WhatColorIsYourTigerCage 0 points 4 monthsDec 27, 2023 13:43:17 ago (+1/-1)

Redundant... The Constitution already says that gold and silver are the only money to be used

[ - ] BoozyB -1 points 4 monthsDec 27, 2023 15:02:46 ago (+2/-3)

That ship sailed in 1913 and was sunk in 1971.
The Constitution is just a quaint old artifact now.

[ - ] Clubberlang -2 points 4 monthsDec 27, 2023 19:04:21 ago (+1/-3)

Did you type this at your gender affirming care clinic?

[ - ] Belfuro 1 point 4 monthsDec 27, 2023 21:30:40 ago (+1/-0)

If you have no rebuttal but only an insult then you're a fucking cunt that doesn't belong here.
Fuck off back to reddit failed creature