“The Texas Senate on Wednesday night passed H.B. 78, a bill that eliminates the sales tax on precious metal coins and bullion. It now goes to Governor Rick Perry’s desk for his signature into law. Existing Texas statute applies the 6.25% sales tax to purchases of gold and silver under $1,000. ‘This sends a powerful message to other states that taxing gold makes no sense because gold is money,’ said Rich Danker. ‘What is particularly right about this bill is that it removes a tax that affected middle and lower income people who wanted to acquire gold. These are the people losing the most from the long-term erosion in the dollar’s value and need this sound money option.'”
Related posts:
Czech pharmacies begin selling medical marijuana
New York Fed Agreed To Testify For Bank Of America In Exchange For $43 Million
Microsoft and Oracle ask European Union to ‘protect competition’ against Google Android
Japan: Fukushima clean-up will cost $58 billion
Gold Deliveries From Shanghai Bourse Jump on Physical Demand
Kim Jong-un's ex-lover 'executed by firing squad'
HK property developers push HK$1.3 billion in home loans to buyers
Many 2011 federal budget cuts had little real-world effect
Bay Area Farm-To-Table And Legal Cannabis Movements Come Together
Mom jailed for allowing kids to play outside
Across Corn Belt, Farmland Prices Keep Soaring
Why China wants to dominate Bitcoin
Drug lords make billions smuggling gold to Miami for jewelry and phones
Vietnamese Take to Streets to Protest China Oil Rig
IBM exec: Bitcoin 'technological cat is out of the bag'