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Forums » Michigan Votes » Taxing & Spending » 2011 Senate Bill 583 (Exempt bullion sale profits from capital gains tax )
Latest post 02-18-2012 10:29 AM by gypsy. 3 replies.
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  • 01-01-2001 12:00 AM

    2011 Senate Bill 583 (Exempt bullion sale profits from capital gains tax )

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    Introduced in the Senate on August 24, 2011

    Click here to view bill details.

  • 09-01-2011 2:51 PM In reply to

    • Paul
    • Top 500 Contributor
    • Joined on 11-22-2008

    Re: 2011 Senate Bill 583 (Exempt bullion sale profits from capital gains tax )

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    So, what happened to "Shared Sacrefice". If you make $$$ one way, you get your taxes raised, if you make it another way, you get an exemption. WTF !!!

     

  • 02-17-2012 3:56 PM In reply to

    Re: 2011 Senate Bill 583 (Exempt bullion sale profits from capital gains tax )

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     This makes a great deal of sense.  Gold is money and there should not be capital gains on money.  This would go a long way to help curb inflation and overspending if it were also adopted by the federal government.

     
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  • 02-18-2012 10:29 AM In reply to

    • gypsy
    • Top 10 Contributor
    • Joined on 03-19-2009

    Re: 2011 Senate Bill 583 (Exempt bullion sale profits from capital gains tax )

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    This is an attempt to avoid State income tax on profits made from selling gold, and should be defeated. If pensions must be taxed by the state, why shouldn't profits from selling gold be. It's income.
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