You know what’s dumb? Levying taxes on the exchange on money.
You know what's dumb? Taxing money. Like what states and the feds do to gold and silver – treating it as an investment rather than what it really is, money. @mmaharrey10th pic.twitter.com/UilcYA52Av
— TenthAmendmentCenter (@TenthAmendment) August 16, 2020
States can encourage currency competition and take a step toward undermining the Federal Reserve’s monopoly on money by repealing taxes on gold and silver. Buying gold and silver is simply the exchange of fiat money for real money. As Ron Paul once said, “We ought not tax money.”
For Further Reading
Status Report: Sound Money in the States
How the Fed Wrecks the Economy
With “Heroes” Like This, Who Needs Villains?
Status Report: End the Fed from the Bottom Up
- Missouri Senate Passes Bill to Treat Gold and Silver as Legal Tender - April 29, 2024
- Signed as Law: Nebraska Repeals State Capital Gains Taxes on the Sale of Gold and Silver - April 26, 2024
- Signed as Law: Asset Forfeiture Reformed by Kansas, but Massive Federal Loophole Remains Mostly Open - April 25, 2024