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<p>[QUOTE="Owle, post: 1264972, member: 22004"]This raises the question: Would there really be tax advantages to paying for property in US gold bullion or 90% silver? The town won't give you any breaks, they already have the property on the books at reasonable taxable value; the state and federal governments follow suit. I have known people who are "out of the system", without SS numbers, etc., possibly dodging child support or the authorities who set up the land as a trust or do not put their SS numbers on the property deed. I do not see tax advantages to doing this as the government presumably shares significant property sales with the various agencies. I am sure there is a book out there somewhere on the advantages of doing this, but like the author of "How to Cook a Vulture" or "Vultures in Eagles' Clothing", they are probably guests of the federal government at Leavenworth, etc..</p><p><br /></p><p>I looked at this ploy years ago and rejected it for obvious reasons, because a) I have nothing to hide and b) it creates a nasty psychological burden of being afraid of being reported or being found out and having assets seized suddenly, and without warning. A legally untenable position.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1264972, member: 22004"]This raises the question: Would there really be tax advantages to paying for property in US gold bullion or 90% silver? The town won't give you any breaks, they already have the property on the books at reasonable taxable value; the state and federal governments follow suit. I have known people who are "out of the system", without SS numbers, etc., possibly dodging child support or the authorities who set up the land as a trust or do not put their SS numbers on the property deed. I do not see tax advantages to doing this as the government presumably shares significant property sales with the various agencies. I am sure there is a book out there somewhere on the advantages of doing this, but like the author of "How to Cook a Vulture" or "Vultures in Eagles' Clothing", they are probably guests of the federal government at Leavenworth, etc.. I looked at this ploy years ago and rejected it for obvious reasons, because a) I have nothing to hide and b) it creates a nasty psychological burden of being afraid of being reported or being found out and having assets seized suddenly, and without warning. A legally untenable position.[/QUOTE]
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