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Secret Gold Coin Tax Embedded in Health Bill
Gold Coin Dealers Decry New Tax Law - ABC News
Numismatist's beware.
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.