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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: long-gone who wrote (7881)2/28/1998 11:08:00 PM
From: Pete Young  Read Replies (2) of 116764
 
There seems to be quite a spread in the new tax code concerning the capital gains tax that applies to collectables vs other investment vehicles...28% for collectables, and 20% for anything else. So, is this an attempt to get folks to stay with those items like stocks, homes--in short, anything easily tracked and away from cash, gold coin, etc, that isn't so easy to track? Or is it just an attempt via the tax code to keep people from wanting to own metals as bullion or coin? Am I reading too much into this? (Just caught my eye while looking at IRS pub 550...)
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