U.S. Representative Introduces Bill to End Federal Taxation on Gold and Silver ("Capital Gains")
Posted by freedomforall 2 weeks, 6 days ago to Politics
Excerpt:
"U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation. Gold and silver would be treated as a non-entity for tax purposes, putting it on par with the U.S. dollar.
Reps. Scott Perry (R-PA) and Randy Weber (R-TX) joined as original cosponsors.
“My view, which is backed up by language in the U.S. Constitution, is that gold and silver coins are money and are legal tender,” Rep. Mooney said."
"U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.
The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League, Money Metals Exchange, and free-market activists – would clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation. Gold and silver would be treated as a non-entity for tax purposes, putting it on par with the U.S. dollar.
Reps. Scott Perry (R-PA) and Randy Weber (R-TX) joined as original cosponsors.
“My view, which is backed up by language in the U.S. Constitution, is that gold and silver coins are money and are legal tender,” Rep. Mooney said."
we'll see....
Because if they inflate 100% and my profit is 100% all I did was reduce the impact of inflation.
But, of course, not taxing inflation defeats the purpose of inflation as a tax!
Gold/Silver/House are the biggest hedges against inflation.
As I read the comments. I see a LOT of peoples wheels are turning in this direction. Because it sorta/kinda becomes obvious. We are enslaved.
The new IRS Agents are just Fresh Whips!
A typical "Rules for thee, but not for me" type.
He caused the depression to drag on for many years longer than it needed to, all to centralize federal power and make as many people dependent on government as possible.
Look where that's gotten us.
My view is that the state is by its nature a predatory organization, so, I would agree with you about the evil part. Freedom is the opposite of slavery and slavery is predation. Most people are supportive of the state because they've been brainwashed by the state into that point of view. I guess some people are actually predatory themselves and would support the existence of the state because they use it to extract resources from other members of society.
I am sure that should humanity figure out a way to get rid of the states, it may finally be able to achieve freedom.
The fed is about unfair and stealing, like all the politicians in the world, not fair and equitable.