Gold dealers screw by new law.

armchair_warrior

article too long to copy and paste. just a small copy and paste.


Gold Coin Sellers Angered by New Tax Law
Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions


With spot market prices for gold at nearly $1,200 an ounce, Heller estimates that he'll be filling out between 10,000 and 20,000 tax forms per year after the new law takes effect.

http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

jeffrey

^ ...because terrorists always pay for their health care with gold coins.

Some of this stuff that gets slipped into these major bills is just reedeeq.

squindar

gosh next thing you know IRS will want waiters & waitresses to report their tips as income.