Article

2010-07-19 Economy

Government Begins To Track Gold Sales Greater Than $600

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Posted by Anonymoose 2010-07-19 00:00|| || Front Page|| [11128 views ] Top

#1 Hmmm, It looks like Obama plans to copy Rosevelt and outlaw Gold.(Again)
Now why? Simply to bankrupt America? So there's NO counter to "Fiat" Printed "Money"?
Looks like it.
The Man sure acts like an Enemy Agent.

Posted by Redneck Jim 2010-07-19 00:52|| 2010-07-19 00:52|| Front Page Top

#2 The Man sure ~~acts like~~ is an Enemy Agent.

FIFY

Posted by St. Gianna Beretta Molla 2010-07-19 01:18|| 2010-07-19 01:18|| Front Page Top

#3 NASA + future OWG-NWO also need Gold as a vital element for space travel [SpaSys].

Posted by JosephMendiola 2010-07-19 01:49|| 2010-07-19 01:49|| Front Page Top

#4 [GOLDFINGER theme here].

Posted by JosephMendiola 2010-07-19 01:50|| 2010-07-19 01:50|| Front Page Top

#5 lesee. You're paying cash, which you've presumably been taxed on for an equivalent non-consumable product at market price. What $17B tax loophole? Lying f*ckers. They just are creating a list for possible future confiscation and making it harder to hedge against Bernanke printing money til it's worthless.

Posted by Frank G 2010-07-19 07:56|| 2010-07-19 07:56|| Front Page Top

#6 The same provisions of this bill also would also be applicable to collectors of guns, cars, 'cute' ceramic dolls, artwork, vintage wines, ATVs, fishing gear, furniture, lawnmowers (selling your riding tractor, are you?) and just about anything else of value that a person could collect as a hobby.

Posted by Mullah Richard 2010-07-19 08:23|| 2010-07-19 08:23|| Front Page Top

#7 AKA the CPA Full Employment Act. Thanks, guys!

Posted by Raj 2010-07-19 08:41|| 2010-07-19 08:41|| Front Page Top

#8 [GOLDFINGER Fort Knox Raid video here]

Posted by Anonymoose 2010-07-19 09:25|| 2010-07-19 09:25|| Front Page Top

#9 Wonder how much of the increase in Boomtown Washington DC's employment is accounted for by expansion at IRS.... Thousands? Tens of thousands?

Posted by lex 2010-07-19 10:35|| 2010-07-19 10:35|| Front Page Top

#10 This is the preliminary phase of ramping up the tax and enforcement system to handle a future VAT Tax (national sales tax) on everything. Once the system is in place, the $600 minimum transaction will drop to handle ALL transactions. Similar to Europe's natoional sales tax system. A massive fleasing of the nation by the Dems headed up by the Chicago thugs who are experts at fleasing.

Posted by Uluting Black8810 2010-07-19 10:53|| 2010-07-19 10:53|| Front Page Top

#11 At the time of the fall of the Soviet Union, 50% of the economy was underground, just sayin'.

At present how much of the economy is underground in the US, when illegals are paid by cash?

Posted by Alaska Paul 2010-07-19 11:14|| 2010-07-19 11:14|| Front Page Top

#12 Not just illegals AP. There are many legits who do the same thing. Said person takes home the same as if paying taxes, basically outbids in-open employees yet takes home same amount without the paperwork. Evolution according to the environment.

Posted by swksvolFF 2010-07-19 12:04|| 2010-07-19 12:04|| Front Page Top

#13 Black market is the answer.

Posted by Ebbang Uluque6305 2010-07-19 12:41|| 2010-07-19 12:41|| Front Page Top

#14 Er, not that I would ever advocate such a thing. Certainly not! But the temptation will be much greater.

Posted by Ebbang Uluque6305 2010-07-19 12:46|| 2010-07-19 12:46|| Front Page Top

#15 For the record, neither do I. I like roads, police, etc. and do not mind taxes to go to said things.

From my conversations I do see the other side's (self serving) point. Get extra income, less paperwork, welfare beni's, etc.

Some people in government will say this amount is made up from collecting the sales tax from commerce. Those people are full of shit.

Of course everything could be sold for $599. Maybe it isn't the value of the item transferred, but buyer also has to purchase a deck of cards, also valued at $599, to make up the difference.

Posted by swksvolFF 2010-07-19 13:06|| 2010-07-19 13:06|| Front Page Top

#16 Back in WWII, my father served with draftees so opposed to paying any income tax they would go AWOL once their military pay passed the $600 limit where they would be obliged to file with the IRS (at the time). Being drafted (for them) wasn't as bad as paying income tax!

Posted by Anguper Hupomosing9418 2010-07-19 15:44|| 2010-07-19 15:44|| Front Page Top

#17 He's coming after it, as perdicted at the Burg several months ago.

Posted by Besoeker 2010-07-19 16:31|| 2010-07-19 16:31|| Front Page Top

#18 > For the record, neither do I. I like roads, police, etc. and do not mind taxes to go to said things

Best to tax land values not work etc. It's impossible to dodge.

Posted by Bright Pebbles 2010-07-19 17:38|| 2010-07-19 17:38|| Front Page Top

#19 Check the great depression.

It's an FDR move for confiscation.

Posted by newc 2010-07-19 23:39|| 2010-07-19 23:39|| Front Page Top

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