Posted: 10/11/2021 10:11:36 PM EDT
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Is there any reason in the world why we should have to pay 7% tax on PMs?? Can someone recommend a representative to ask about this? I saw somewhere that a few reps introduced a bill earlier this year but not sure where it stands. Thanks in advance! |
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Tennessee Squire
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http://billstatus.ls.state.ms.us/2021/pdf/history/HB/HB0376.xml Looks like the exemption bill died in committee, I'd start with reps that introduced it. They'll usually tell you if something actually has a chance of making it to the floor. |
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Originally Posted By miker84: http://billstatus.ls.state.ms.us/2021/pdf/history/HB/HB0376.xml Looks like the exemption bill died in committee, I'd start with reps that introduced it. They'll usually tell you if something actually has a chance of making it to the floor. Thanks for the info. I reached out to Zuber and Lamar. Hopefully I will hear something back from them. I just think it’s ludicrous to lay sales tax when buying literal US currency with Silver or gold eagles or junk silver. |
Proud Member of Team Ranstad .... The Fantastic Bastards
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I am not familiar with the tax law that you mention. Are you talking about mining precious metals on your property or buying precious metals (like gold coins or bullion)? Or does the state tax gold and silver coins/jewelry/bullion every year like it does real estate? If so, how do they know that you have it? |
A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money. - G. Gordon Liddy
A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again.
A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again.
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Originally Posted By NRA_guy: I am not familiar with the tax law that you mention. Are you talking about mining precious metals on your property or buying precious metals (like gold coins or bullion)? Or does the state tax gold and silver coins/jewelry/bullion every year like it does real estate? If so, how do they know that you have it? Sorry for the delayed response. I am referring to the taxation of precious metals (gold/silver/platinum) bought through an online dealer such as apmex, SD Bullion, Provident metals, etc. The site charges a sales tax for MS residents because we don't have any laws in place to avoid that taxation. IMO it is pure theft to tax someone on the purchase of sound money. Hopefully something gets done about this next year. |
Proud Member of Team Ranstad .... The Fantastic Bastards
Tennessee Squire
Hotty Toddy!!!
Tennessee Squire
Hotty Toddy!!!