- Grassroots activists in Nebraska helped kill a bill that would have reimposed a sales tax on gold and silver bullion
- The bill was introduced by Sen. Lou Linehan but was killed thanks to efforts of Sen. Ben Hanson and grassroots pressure organized by the Sound Money Defense League
- Only five states still apply sales tax to gold and silver bullion
- Nebraska recently repealed the capital gains tax on gold and silver bullion
- Taxing gold and silver as commodities instead of money raises transaction costs and erects barriers to using them as money
- Former U.S. Rep. Ron Paul supports eliminating taxes on gold and silver, stating that it makes no sense to tax money
- Eliminating taxes on gold and silver could lead to people using specie in regular business transactions
Source: blog.tenthamendmentcenter.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
