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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: TobagoJack who wrote (86884)2/4/2012 7:07:59 PM
From: Snowshoe  Read Replies (1) of 219928
 
>>Utah became the first state to introduce its own alternative currency when Governor Gary Herbert signed a bill into law last March that recognized gold and silver coins issued by the U.S. Mint as an acceptable form of payment. Under the law, the coins -- which include American Gold and Silver Eagles -- are treated the same as U.S. dollars for tax purposes, eliminating capital gains taxes.<<

States can certainly scrap their own state capital gains tax on "valuables", but only the US government can eliminate federal capital gains tax.
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