SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver
(www.moneymetals.com)
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How would they know how much you paid and when?
It seems trivial right now, but as the price of gold runs up to $20k/oz and more then they’ll presume you got it for $2k/oz unless you can prove otherwise. We’re at the start of an inflation doom spiral and at a certain point it will basically all be taxed at the highest level. And when things start to actually fall apart they’ll come to confiscate it.