Secret Gold Coin Tax Embedded in Health Bill

[CaféAuLait]

Secret Gold Coin Tax Embedded in Health Bill

Those already outraged by the president's health care legislation now have a new bone of contention -- a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny... This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it. The tax code tweak is expected to raise $17 billion over the next 10 years, according to the Joint Committee on Taxation.

Gold Coin Dealers Decry New Tax Law - ABC News


Numismatist's beware.

 

[Douger]

Ignorant slaves.

 

[editec]

Lotta gold bugs will just go underground.

Can't blame one bit for doing so, either.