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UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 8:56 pm
by panther

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 9:19 pm
by BamaJoe
Sure they will take my pretty glittering stuff, but I want them to pay OUT in pm's instead of paper.

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 9:33 pm
by sparechange
Sounds as if Utah has discovered the value of fiat. :o

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 10:07 pm
by Thogey
How nice of them! Soon they will DEMAND payment in PMs.

Of course the gubmint recognizes the weakness of fiat, they created it.

I too will accept payment in gold and silver.

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 10:18 pm
by AGgressive Metal
Why would you ever pay taxes in gold unless they artificially over-valued it?

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 10:30 pm
by Morsecode
I'd be interested in seeing how that works out. What's the taxpayer's incentive? And what uniformed bureacrat is handling the exchange rate?

Re: UTAH TO ALLOW TAX PAYMENTS IN GOLD/SILVER

PostPosted: Thu Mar 03, 2011 11:10 pm
by Delawhere Jack
The story was slanted to deride the whole concept. The only thing they mention as a possible use for gold in transactions is paying your taxes. I haven't read the legislation, but I'm certain that was NOT the primary impetus for it's introduction.

Those crafty BASTARDS, BASTARDS, BASTARDS at Faux News (they are just as bad as every other MSM outlet, don't kid yourself otherwise), have succeeded in shifting the argument from sound money to taxes. A pox on all of them.