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BackyardBullion

Taxes on Gold & Silver - What, Why and are they fair!?

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You have to give them more Fiat Currency. Maybe they are helping at that point (joking obviously).

Great video - Great reminder (we have a capital gains tax here in the U.S. as well, but obviously don't have VAT) - I don't like the capital gains tax myself, but I am working on putting all my receipts in one area after I buy each month to make it extremely easy to pay taxes if I do sell myself. I don't have plans to sell any silver myself and I'd be looking more or so for silver confiscation (U.S. Government forcibly buys all the silver and gold back) to happen as when I'd get rid of the silver myself. I'd want to keep it for life and only sell in two situations - financial problems or else silver confiscation (forced to sell to U.S. government).

I don't like it at all myself here in The United States. I'd want a 3%-5% (at most) flat tax for capital gains alone after a year here in The United States.

 

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